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It’s going to a be a dull market until the US NFP and ISM Services PMI

There's no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likley see a rangebound...

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Japan may provide tax breaks for companies converting foreign profits into the yen

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France Q1 preliminary GDP +0.2% vs +0.1% q/q expected

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UK GfK April consumer confidence -19 vs -20 expected

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Crude oil settles at $83.57

Crude oil is settling at $83.57. That's up $0.76 or 0.92%.Technically, looking at the price action on the hourly price below, like the USD, it too has been...

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A light one on the data docket in the session ahead

The dollar advance is being arrested for the time being and that is leaving traders in a bit more of a push and pull battle once again. Equities...

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DAX Index News Today: ECB Expectations, Fed Commentary, and Middle East Tensions

US housing sector data took a back seat despite weaker-than-expected stats. Housing starts slid by 14.7% in March, with building permits declining by 4.3%. US industrial production advanced by 0.4%...

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China: March Industrial output +4.5%y/y (expected +5.4%) Retail sales +3.1% (4.5% exp)

Key economic indicators from China for March 2024. Plenty of misses here, not a good report. intervention in the yuan. But its back near lows now. -A...

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Japan chief Cabinet secretary says rapid FX moves are undesirable

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UK finance minister Hunt says falling inflation opens the door for BOE rate cuts

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Japan January prelim industrial production -7.5% vs -7.3% expected

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WTI crude shakes off the early pressure to finish up 87-cents. Natural gas steals the show

WTI crude fell early but found its legs ahead of today's delayed private inventory report. WTI sagged to as low was $76.32 but found a footing and climbed more...

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Former Apple engineer gets prison for stealing information to go work for Chinese startup

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Dollar mostly little changed ahead of European trading

The changes among major currencies are relatively light as we look towards European trading today. The aussie is a slight mover, building on the stark rebound yesterday in US trading. Of note, AUD/USD bounced off its December low and 100-day moving average at 0.6525-30 but is now trading back to its previous consolidation zone near 0.6600.Besides that, other dollar pairs are not really seeing too much action so far on the day.USD/JPY remains one to watch though after falling to over two-week lows and testing 146.00 yesterday. That comes after a steep decline in Treasury yields once again, which is keeping things more complicated this week.In terms of data releases, there aren't any notable ones on the agenda in Europe. As such, all the focus and attention will be on the US jobs report coming up later.But as mentioned earlier, there are also other things brewing in markets as we look to wrap up the week. Equities look buoyed with US futures sitting higher, continuing the rebound from yesterday. Meanwhile, Treasury yields look...

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*India Dec CPI Inflation 5.69% Vs. 5.55% In Nov, Consensus 5.87%

India Dec CPI Inflation 5.69% Vs. 5.55% In Nov, Consensus 5.87%...

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Vancity announces Wellington Holbrook as President and CEO

Loading… Loading… TERRITORIES OF MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH NATIONS and VANCOUVER British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) — Vancity’s board of directors has named Wellington Holbrook as the next president and CEO of Vancity. Wellington officially assumes the role... Continue Reading →...

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The EUR is the strongest and the AUD is the weakest as the NA session begins

The strongest to weakest of the major currenciesAs the North American session begins, the EUR is the strongest and the AUD is the weakest...

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China and India Account for More Than 90% of Russian Oil and Fuel Exports

China took in half of all the crude oil that Russia exported this year, with India a close second, Deputy Prime Minister Alexander Novak said today on state TV. China...

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Bank of China has cut rates on some yuan deposits (NOT PBOC!)

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Euro retreats slightly after poor French PMI data

EUR/USD is down from 1.0996 to 1.0970 currently with EUR/GBP also easing from 0.8608 to 0.8595 at the moment. This follows the poor French PMI data here, with services activity slumping to a 37-month low and manufacturing output also sliding to a 43-month low. The only positive perhaps is that there is some cooling inflation pressures...

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