Kimberley
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Fed’s hawkish tone risks sinking S&P 500 to 4,700
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors opted to risk off. They are awaiting a tighter Fed tone following Wednesday’s meeting. The S&P500 suffered a sell-off as it attempted to climb above its 50-day moving average. It was a real show of stre
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U.S. Dollar Appreciates As Employment Costs Jump
The U.S. dollar firmed against its major counterparts in the New York session on Tuesday, amid a spike in employment cost index in the first quarter before the Federal Reserve's policy decision on Wednesday. The employment cost index increased 1.2 percent from 0.9 percent in the fourth quarter. Econ
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Forex Today: The Dollar gathers pace ahead of FOMC
Following a negative start to the week, the Greenback managed to regain traction and lifted the USD Index (DXY) back above the 106.00 hurdle sustained by data and cautious trade ahead of the Fed’s interest rate decision on Wednesday. Here is what you need to know on Wednesday, May 1: The US Dollar b
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German Preliminary GDP rises 0.2% QoQ in Q1 vs. 0.1% expected
German GDP rebounds 0.2% QoQ in Q1 vs. 0.1% estimate. Annual German GDP contracts 0.2% in Q1 vs. -0.2% anticipated. EUR/USD shrugs off the mixed German Q1 GDP report. The German economy grew 0.2% over the quarter in the first quarter of 2024 after contracting 0.3% in the last quarter of 2023, accord
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U.S. Dollar Climbs As Jobless Claims Fall, PCE Inflation Rises
The U.S. dollar appreciated against its major counterparts in the New York session on Thursday, as GDP data showed a hot inflation reading for the first quarter and initial jobless claims fell to a two-month low last week, dashing hopes of a rate cut before September. Data from the Commerce Departme
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UK Retail Sales Decline Sharply In April- CBI
UK retailers reported a sharp decline in sales in April, the latest monthly Distributive Trades survey results from the Confederation of British Industry showed Thursday. A net 44 percent of retailers said sales volumes decreased in April, in contrast to the 2 percent reporting an increase in March.
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