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Bank of England preview – expect a change in the messaging in favour of rate cuts
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Citi CEO Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser spoke in an interview with CNBC on Monday, sounding alarm bells on the tenous situation low-income households now find themselves in in the US:seeing a “K-shaped consumer”means the affluent continue to spend, while lower-income Americans have...
There are reports of an assassination attempt on Saudi Crown Prince Mohammed bin Salman
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs continue to bang the ‘two rate cuts this year’ drum – this time the CEO
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Biden adviser: Sufficient supply in Strategic Petroleum Reserve to address supply concerns
Amos Hochstein is the Special Presidential Coordinator for Global Infrastructure and Energy Security.Says the US has sufficient supply in Strategic Petroleum Reserve (SPR) to address any supply concernsthe Biden administration is monitoring marketsI don't know what...
Forexlive Americas FX news wrap 6 May: US stocks extend gains from last week. USD mixed.
It was a quiet day on the economic event front with only the "employment trends" for April on the economic calendar. That index declined in to the lowest level since May 2021, but was largely ignored by the market. There were two Fed official speaking. Richmond Fed...
RBA decision due Tuesday, 7 May 2024 at 2.30 pm Sydney time – hawkish hold?
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USDJPY stays above the 200 bar MA on 4-hour chart. Buyers in control above the MA.
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Strong close for stock indices. S&P and NASDAQ close at session highs
The momentum from last week's move higher started with a less hawkish Fed and the tamer US jobs report continued today with the NASDAQ in S&P index leading the way. Both those indices closed at/near session highs. The Russell 2000 also advanced solidly.The final...
Economic calendar in Asia Tuesday, 7 May 2024, Reserve Bank of Australia decision day
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Trade ideas thread – Tuesday, 7 May, insightful charts, technical analysis, ideas
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US stocks extended gains heading into the close
The broader US stock indices are extending their gains going into the close. The NASDAQ index is up nearly 1%, while the S&P index is up 0.84%.Shares of Nvidia are back above $900 at $918.14 of $30 or 3.4%. The price of Nvidia reached a low of $756.06 during the...
EURUSD moved to 50% retracement and stalled. The price rotated lower. What next?
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Axios: War Cabinet unanimously decides that Israel to continue operation in Rafah
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Why Goldman Sachs boosted its copper forecast to $12,000 from $10,000/ton
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Crude oil settles at $78.48
The crude oil is settling at $78.48. That is up $0.37 or 0.47%There has been conflicting reports about a potential cease-fire in Israel. Hamas said they agreed to a Qatari/Egyptian brokered agreement but Israel says that the agreement was to a watered-down version and...
More from Richmond Fed Pres Barkin: Still feels like weight of risk is toward inflation
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Israel Army radio(cited by Sky News):Preparations for miltary operations in Rafah continue
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Ken Griffin: Sanctions may favor currencies other than the dollar
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