Myrna
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USD/CAD rebounds above 1.3600, focus on US data
USD/CAD finds support at the 1.3600 psychological level and rebounds to 1.3615 in Thursday’s early European session. The recent softer US inflation and weaker Retail Sales have triggered speculation that Fed may cut rates this year. Canadian Manufacturing Sales data for March fell 2.1% MoM in March
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US Retail Sales were unchanged at $705.2 billion in April
Retail Sales in the US were virtually unchanged in April. US Dollar Index stays deep in negative territory below 105.00. The US Census Bureau reported on Wednesday that Retail Sales in the US were virtually unchanged on a monthly basis at $705.2 billion in April. This reading followed the 0.6% incre
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Silver Price Analysis: XAG/USD tests resistance at around $28.70 shy of reclaiming $29.00
Silver rises 1.32% to $28.57, buoyed by lower US Treasury yields and a weakening dollar. XAG/USD shows strong upward trend within $28.00-$28.80 range, up from early May low of $26.02. To maintain momentum, silver aims to breach $29.00, targeting YTD high of $29.79 and $30.00. Support at $28.00; furt
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Mexican Peso hits a ceiling on global trade concerns
The Mexican Peso pulls back after its recent run of gains on the back of fears of global trade becoming fragmented. US Dollar recovers against the Peso after data shows the Fed is likely to kick the can of lowering interest rates further down the road. USD/MXN stalls in its short-term downtrend, but
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Elliott Wave expects AUD/USD to break higher [Video]
Short term Elliott Wave in AUD/USD suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree. Up from wave (2), wave (i) ended at 0.6432 and pullback in wave (ii) ended at 0.6407. The pair then extended higher in wave
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New Zealand Manufacturing Index Improves In April - BusinessNZ
The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9. That's up from the downwardly revised 46.8 in March (originally 47.1), although it remains beneath the boom-or-bust line of 50 t
Pull-up Update