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EUR/JPY Price Analysis: Extends its upside, the next hurdle is seen at 169.40
EUR/JPY gains momentum near 169.20 in Friday’s early European session. The cross keeps the bullish vibe unchanged above the key EMA, with the RSI indicator standing above the 50-midline. The first upside barrier is seen at 169.40; 167.80 acts as an initial support level. The EUR/JPY cross extends th
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Sensex, Nifty Edge Higher Led By IT Stocks
Indian shares eked out modest gains in early trade on Thursday as soft inflation data boosted hopes that the U.S. Federal Reserve will deliver at least two interest rate cuts in 2024. The benchmark S&P BSE Sensex was up 208 points, or 0.3 percent, at 73,195 while the broader NSE Nifty index was
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PPI surprises on the upside, but CPI may not follow suit
US producer price data for April surprised on the upside, suggesting that inflation pressure at the start of the inflation pipeline could be building once again. Final demand PPI rose to 2.2% from 1.8%, while core producer prices, adjusting for food, energy and trade, rose by a 3.1% annual rate, the
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Money Metals explores Federal Reserve’s secrecy
Investigative reporter Ken Silva uncovers the Fed's hidden powers and gold secrets in a riveting Money Metals podcast. In a revealing episode of the Money Metals podcast, host Mike Maharrey is joined by Ken Silva, an investigative reporter for Headline USA, to delve into the opaque operations of the
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Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for May, down from 77.2 in April
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