Augustine
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Sweden Holds Key Interest Rate At 4.00% As Expected
Sweden's central bank decided to leave its key interest rate unchanged on Wednesday and hinted at rate cut in May or June. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent. Although the risk of inflation becoming entrenched at levels that are too high is continuing to
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BoJ’s Ueda: Accommodative financial conditions are expected to continue for time being
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that “based on our current economic and price projections, accommodative financial conditions are expected to continue for time being.” Additional quotes Accommodative financial conditions likely to underpin Japan's economy and prices. If lon
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WTI gains ground near $82.00 amid weaker US Dollar, supply concerns
WTI prices gain momentum on the softer USD and supply concerns. Disruptions to oil refineries in Russia by recent attacks, support the upward trajectory of WTI prices. The delay of interest rate cuts by the US Federal Reserve (Fed) might cap the upside of WTI prices. The US February PCE report on Fr
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USD/JPY alternates gains with losses near 151.50
USD/JPY trades without conviction around 151.50. Fears of FX intervention remain well in place. Higher US yields limit the downside bias in the pair. USD/JPY navigates in the upper end of the recent range north of the 151.00 mark amidst some renewed weakness in the Greenback and rising US yields. US
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Fed's Bostic: Want to avoid volatility from the balance-sheet runoff
Atlanta Federal Reserve Bank President Raphael Bostic said on Monday that he wants to avoid volatility from the balance sheet runoff. Bostic added that he expects the US economy and inflation to slow gradually and repeated that he anticipates the US central bank to lower the policy rate once this ye
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SPY to gain more
S&P 500 continued merely digesting Thursday gains thanks to weak cyclicals, instead of keeping up and outdoing tech inspired by retreating yields. Anticipated weak finish to Thursday‘s session continued a day longer, and two good intraday upswings were sold into. Energy and materials of course c
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Pull-up Update