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Market Insights Podcast – US CPI , Fed Speak from Powell, China retail sales and industrial production looms
14 May 2024 01:29 GMT
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, after a slew of Fed Speak from officials Bowman, Daly, Bostic, Collins, Kashkari, and Barkin last week that erred towards a “higher-for- …
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Japanese yen under pressure, BoJ trims bond purchases
13 May 2024 16:10 GMT
The Japanese yen has edged lower on Monday. USD/JPY is up 0.26% on the day and is trading at 156.17 at the time of writing. The yen is coming off a rough week, in which it fell 1.8% against the US dollar.
BoJ cuts Japanese government bonds purchases
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GBP/USD higher with eye on employment report
13 May 2024 12:39 GMT
The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing.
UK job growth expected to slide
The UK labor market has held up well despite high interest rates but cracks have …
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NZ dollar edges lower as inflation expectations fall
13 May 2024 09:26 GMT
The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing.
NZ inflation expectations ease to 2.3%
New Zealand’s inflation expectations fell to 2.3% in the second …
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NZ dollar dips as Manufacturing PMI contracts
10 May 2024 12:30 GMT
The New Zealand dollar is lower on Friday. NZD/USD is down 0.31% on the day, trading at 0.6015 in the European session at the time of writing.
New Zealand manufacturing has been in a prolonged slump and the April Manufacturing PMI remained in …
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Canadian dollar quiet ahead of jobs data
10 May 2024 10:12 GMT
The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing.
Canada’s job growth expected to rebound
Canada releases the April employment report later today. The economy shed …
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Hang Seng Index: Oversold-led positive animal spirits overshadowed currency war risk
10 May 2024 10:12 GMT
The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110.
Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral.
A softer than-expected China CPI and PPI prints for April …
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British pound listless despite strong GDP
10 May 2024 09:07 GMT
The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing.
UK GDP rises 0.6%
The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and …
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Pound shows little reaction as BoE holds rates
09 May 2024 16:09 GMT
The British pound is showing limited movement on Thursday. GBP/USD is up 0.15%, trading at 1.2515 in the North American session at the time of writing.
Bank of England maintains rate at 5.25%
The Bank of England kept the cash rate unchanged at 5.25% …
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NZ dollar rises ahead of Manufacturing PMI
09 May 2024 16:09 GMT
The New Zealand dollar has made gains on Thursday. NZD/USD is up 0.33% on the day, trading at 0.6024 in the North American session at the time of writing.
New Zealand manufacturing has been in the doldrums and the April manufacturing PMI, which will be …