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USDJPY tumbles but quickly rebounds

USDJPY tumbles but quickly rebounds

The USDJPY hit a downside air pocket after reaching another new high going back to 1990 at 154.76. That is getting close to what people think is a level that the Bank of Japan might look to intervene at 155.00.Anyway the market quickly fell to a low of 153.896 but has...

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Mixed opening for the US major indices

Mixed opening for the US major indices

Major US stock indices are trading mixed. The Dow industrial average higher help by UnitedHealth stock after earnings. Shares are up $25.38 or 5.58% at $470.52.The NASDAQ index is lower to start the trading day. The S&P index is marginally higher.A snapshot of the...

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US March industrial production +0.4% versus 0.4% expected

US March industrial production +0.4% versus 0.4% expected

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,...

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Canada March CPI 2.9% y/y vs 2.9% expected

Canada March CPI 2.9% y/y vs 2.9% expected

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,...

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US housing starts for March 1.321M vs 1.487M estimate

US housing starts for March 1.321M vs 1.487M estimate

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,...

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Canada March housing starts 242.2K vs 245.0K expected

Canada March housing starts 242.2K vs 245.0K expected

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,...

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Treasury yields nudge higher on the session

Treasury yields nudge higher on the session

The selling in bonds is continuing as yields are gradually popping higher in European morning trade. This wasn't supposed to be part of the script for 2024, if you look back at what traders were positioning for back in November and December last year. Yet, here we are...

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