Partridge
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AUD/USD trades with mild positive bias near 0.6700, RBA Meeting Minutes eyed
AUD/USD posts modest gains around 0.6695 on Monday. The markets remain unconvinced that the Fed will pivot earlier than previously expected. Australia’s Unemployment Rate rose more than expected last month, easing the possibility of another RBA rate hike. The AUD/USD pair trades with a mild positive
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U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September. Softer-than-expected inflation data released on Wednesday increased expectations of an interest ra
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Morning briefing: Euro faces the first hurdle at 1.0900
Good Morning! The US Treasury yields have tumbled after the inflation data release yesterday. The US Headline CPI came in at 3.36% (YoY) for April, down from 3.48% in March. The Core CPI fell to 3.62% (YoY) from 3.8% over the same period. If the yields sustain lower, they can fall more from here. Th
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Treasuries Surge Following Tamer-Than-Expected Inflation Data
Treasuries moved sharply higher during trading on Wednesday, as traders reacted positively to a closely watched report on consumer price inflation. Bond prices surged early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which m
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Dow Jones Industrial Average climbs 300 points after US CPI inflation eases further
Dow Jones continues march to fresh all-time highs, approaching 40,000.00. US CPI inflation ticked lower in April, sparking fresh Fed rate cut hopes. US Retail Sales eased, further bolstering hopes that downturn will push Fed to cut. The Dow Jones Industrial Average (DJIA) clipped higher on Wednesday
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Powell Speech In Focus Ahead Of CPI Data Release
Anticipation of potential hints on Fed's monetary policy outlook spotlighted Fed Chair Jerome Powell's speech on Tuesday. Meanwhile, world markets brace for the release of April's readings from the U.S. of producer price inflation on Tuesday morning and consumer price inflation on Wednesday morning.
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Morning briefing: Euro can fall to 1.0700 while below resistance at 1.0800
Good Morning! The Dollar Index is holding well above 105 and can rise to 106 and Euro can fall to 1.07 while below resistance at 1.08. USDJPY and EURJPY have risen past 156 and 168 respectively and now if sustained, can extend towards 157/158 and 169/170 respectively in the coming sessions. USDCNY i
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USD/CAD retreats from 1.3700 as US Dollar falls sharply, US Inflation in focus
USD/CAD falls sharply from 1.3700 amid a soft US Dollar. Investors await the US Inflation for fresh guidance on interest rates. Strong Canadian job data deepens uncertainty over BoC rate-cut prospects. The USD/CAD pair falls back sharply while attempting to recapture the round-level resistance of 1.
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Pull-up Update