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Elliott Wave Technical Analysis: CAC 40
Article By:
Peter Mathers
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Thursday, May 16, 2024 5:45 AM EDT
The index is currently experiencing an impulsive trend, specifically within red wave 1.
USD/CHF Drops To Near 0.9000 Due To Dovish Sentiment Surrounding The Fed
Article By:
Akhtar Faruqui
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Thursday, May 16, 2024 5:32 AM EDT
USD/CHF extends losses due to growing expectations of multiple rate cuts by the Fed in 2024. Fed’s Neel Kashkari said that the US Fed should maintain policy rates at their current level for longer.
Australia: Mixed News From The Labor Front
Article By:
ING Economics
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Thursday, May 16, 2024 3:40 AM EDT
Higher-than-forecast employment looks good, but the nature of that employment is questionable, and the unemployment rate has jumped higher - on balance, this looks slightly weaker than it first appears.
AUD/JPY Drops To Near 103.00 After The Mixed Aussie Employment Data
Article By:
Akhtar Faruqui
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Thursday, May 16, 2024 2:45 AM EDT
AUD/JPY snaps its three-day winning streak, trading around 103.00 during the Asian hours on Thursday. The AUD/JPY cross decline is attributed to the mixed employment data from Australia released on Thursday.
GBP/USD Extends Its Upside Above 1.2680 On Weaker US Dollar
Article By:
Lallalit Srijandorn
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Wednesday, May 15, 2024 9:25 PM EDT
The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of softer US CPI inflation data.
AUD/USD Extends Rally As Buyers’ Eye 0.6700 Ahead Of Aussie’s Job Data
Article By:
Christian Borjon Valencia
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Wednesday, May 15, 2024 8:45 PM EDT
The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation moderated in April, with the underlying Consumer Price Index (CPI) edging lower for the first time in six months.
EUR/USD Reaches For 1.0900, Easing US CPI Inflation Pummels Greenback
Article By:
Joshua Gibson
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Wednesday, May 15, 2024 8:25 PM EDT
EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week.
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
Article By:
ING Economics
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Wednesday, May 15, 2024 4:45 PM EDT
U.S. CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields.
China Holds MLF Rate At 2.50%, Eyes Economic Stability
Article By:
Finance Brokerage
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Wednesday, May 15, 2024 1:13 PM EDT
China’s central bank, the People’s Bank of China, has decided to maintain its key policy rate. The medium-term lending facility (MLF) rate is at 2.50% as it rolls over maturing MLF loans worth 125 billion yuan ($17.28 billion).
In this article: GXC
Why A Rate-Cutting ECB Won’t Be Too Worried About The Euro
Video By:
ING Economics
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Wednesday, May 15, 2024 1:02 PM EDT
Markets expect the European Central Bank to start cutting interest rates next month.
In this video: EZU
GBP/USD Analysis: Uptrend Remains Cautious
Article By:
Mahmoud Abdallah
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Wednesday, May 15, 2024 10:58 AM EDT
According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations.
Asian Stock: Sri Trang Agro-Industry
Article By:
Andrew Stotz
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Wednesday, May 15, 2024 10:20 AM EDT
Sri Trang Agro-Industry Public Company Limited is an integrated rubber producer. Its operation extends from plantation to processing to manufacture of rubber and its supply makes up 10% of global rubber consumption.