Webb
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AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data
AUD/USD holds below 0.6450 in Monday’s early Asian session. The hawkish comments from Fed officials in recent weeks have lifted the Greenback. The moderate Australian inflation data and the continuously tight labour market could prompt RBA rate cuts this year. The AUD/USD pair remains on the defensi
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Silver Price Forecast: XAG/USD falls after early gains from $29, near-term outlook remains firm
Silver price retreats from day’s high amid no signs of retaliation from Iran after limited airstrike from Israel. Fed’s hawkish guidance fails to prompt US bond yields. Fed Williams is comfortable with more rate hikes if inflation remains persistent. Silver price (XAG/USD) falls back while attemptin
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France: Corporations show renewed interest in money market funds and term deposits
Annual flows of money market fund shares/units held by non-financial corporations (NFCs) in France were positive throughout 2023, having been negative from the second quarter of 2021 to the fourth quarter of 2022. This trend reversal was due most notably to the increase in key ECB interest rates on
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Middle East escalation boosts Oil supply risks
The oil market continues to be supported by ongoing tensions in the Middle East. The lack of price action following recent escalation has been surprising but suggests there already is a large risk premium priced into the market. Even so, there is still plenty of risk facing the market. The risk of d
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Worst is over in German manufacturing sector
In 2023, Germany's economy fared the worst among major economies, with GDP declining by 0.3% year-on-year and industrial production dropping by 2.5% compared to 2021. This can be attributed to its heavy reliance on manufacturing, past reliance on Russian gas, weak construction sector, and reduced gl
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Gold price holds steady below $2,400 mark, bullish potential seems intact
Gold price oscillates in a narrow band on Tuesday and remains close to the all-time peak. The worsening Middle East crisis weighs on investors’ sentiment and benefits the metal. Reduced Fed rate cut bets lift the USD to a fresh YTD top and cap gains for the XAU/USD. Gold price (XAU/USD) struggles to
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Pull-up Update