AmeliaNO1
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EUR/USD jitters on reaction to Fed rate hold, FOMC press conference still on the cards
EUR/USD bumped higher after Fed acknowledged easing inflation pressures. Rate markets still see November as a likely first rate cut. US NFP Friday to provide key labor figures. EUR/USD bumped slightly higher after the Federal Reserve (Fed) released its latest rate outlook, with the US central bank c
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Thai government pension fund buying more Gold to mitigate risk
The Thai government wants to mitigate risk in its pension fund so it's turning to gold and oil. Songpol Chevapanyaroj serves as the secretary general of Thailand's Government Pension Fund (GPF). He told the Bangkok Post that fund management has become more difficult due to several factors, including
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EUR/USD finds support near 1.0720 after slow grind on Monday
German CPI inflation continues to rise, but below forecasts. Fed rate call, pan-EU GDP and HICP inflation in the mid-week. NFP Friday a key US datapoint this week. EUR/USD jostled on Monday, settling near 1.0720 after churning in a tight but lopsided range as markets settle in for the wait to Wednes
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Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the Wo
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Turkey's Economic Confidence Falls To 99.0
Turkey's economic sentiment weakened in April from a nine-month high in the previous month, survey results from the Turkish Statistical Institute in Ankara showed on Monday. The economic sentiment index dropped to 99.0 in April from 100.0 in March. Among components, the confidence index for the manu
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USD/CAD remains under selling pressure below 1.3650 on a softer US Dollar
USD/CAD loses momentum near 1.3645, losing 0.20% on Monday. The US Federal Reserve (Fed) is expected to leave the interest rate unchanged in its current 5.25%–5.50% range on Wednesday. The decline of crude oil weighs on the commodity-linked Loonie. The USD/CAD pair weakens to 1.3645 during the early
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European Shares See Cautious Gains Ahead Of US Core PCE Reading
European stocks were seeing modest gains in cautious trade on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March. Meanwhile, France's consumer conf
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