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Australian March preliminary PMIs show manufacturing lower on the month & services higher
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New Zealand Q4 2023 GDP -0.1% q/q (vs. +0.1% expected)
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ICYMI: European Central Bank President Lagarde emphasizes again decisions data dependent
Justin had the headlines from Lagarde:In a nutshell Lagarde was barely wavering on a June rate cut, saying that the data flow ahead means “we will know a bit more by April, and a lot more by June”. Lagarde didn't firmly commit, of course, but went a little soft with...
FOMC June rate cut probability back up to around 70%
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Record closes for the Dow, S&P, and NASDAQ indices
US major indices are all closing at record levels as investors cheer the FOMC rate decision and comments from Fed Chair Powell. Although the chair was not overly committed to timing for interest rate cuts, he did reiterate that the high in rates was likely in place....
USD/JPY has recovered half of its FOMC losses … yen doesn’t have a lot going for it
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,...
Forexlive Americas FX news wrap: Dots continue to show 75 bps in cuts this year, risk pops
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Economic calendar in Asia 21 March 2024: New Zealand GDP, Australian jobs report
more to comeWe had the RBA meeting this week, the Bank moved a little bit more dovish:The Australian jobs report will be eyed by the RBA, and they'll have noticed the quick move higher in the unemployment rate in recent months. Its up 0.5% since September of last...
Trade ideas thread – Thursday, 21 March, insightful charts, technical analysis, ideas
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What did the volatility from the FOMC decision do to the technicals in the USDJPY?
The USDJPY stalled at some key levels at the highs today, and on the run lower after the 40 rate decision and comments from that that is press conference held some pretty key support against old highs from 2024 and a key retracement level. It keeps the buyers and...
Major indices on pace for record closes
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How comments from Fed’s Powell can be organized by topic
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Powell wraps up: Beward the post-press conference move
The market reaction has clearly been dovish so far with the market now pricing in 81 bps in easing this year versus 75 at the time of the decision. US 2-year yields are down 7.3 bps on the day and the US dollar is at the lows.That reaction makes sense to me as Powell...
EURUSD and GBPUSD extending higher and above respective 200 hour moving averages
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Powell Q&A: The economy is performing well
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BOJ: Hike leaves room for us to consider rolling out another increase before year end
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Bank of Japan weighing next rate hike in July – report
The BOJ may not like how the yen has responded to this hike, or see it as a green light to continue hiking.Nikkei is out with a report speculating about a July hike is out.Additional hikes are of course on the table," a BOJ source said.The report also says an October...
Powell opening statement: Risks are moving into better balance
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