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crude oil

Showing results for: "crude oil"

Soft CPI Hammers Dollar to Monthly Low

Market Summary Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus. The April CPI came in at 0.3%, lower than the previous month, alongside flat Retail Sales data at 0%. This downbeat economic data has …

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USD/CAD Declines As US Inflation Moderates.

Fundamental Analysis * Inflation Chill: The Canadian dollar has strengthened against the US dollar due to a cooler-than-expected US Consumer Price Index report, which has caused the greenback to weaken. This decrease in inflationary pressure has revived hopes in the market for potential rate cuts by the Federal Reserve in September. In …

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Gold Surge on Soften Dollar

Market Summary The Fed’s preferred inflation gauge, the Producer Price Index (PPI), was released yesterday, showing April PPI slightly above market consensus at 0.5%. Following the inflation data, Fed Chairman Jerome Powell reiterated that the U.S. central bank is likely to keep interest rates higher for longer to address persistently sticky inflation. …

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Master The Art Of Weekly Planning For CFD Traders

In CFD trading, having solid strategies is essential for long-term success. Without a structured plan, trading can be like sailing without a compass. Weekly planning provides direction and focus, helping traders manage risks and adapt to market changes. It’s not just an administrative task but a strategic exercise that enhances trading skills …

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BoJ Trim Bond Buying Amid Weakening Yen

Market Summary On Friday, the U.S. dollar remained stagnant after being affected by positive initial jobless claims data, which hinted at an easing job market and potential measures from the Fed to curb inflation. U.S. equity markets continued their upward trajectory in anticipation of a more accommodative monetary policy from the Fed …

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Soft U.S. Job Data Hammers Dollar

Market Summary Following the market’s digestion of last Friday’s soft Nonfarm Payrolls report, the dollar index (DXY) initially showed signs of recovery, inching towards the $106 mark and mitigating previous losses. However, the dollar’s upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged …

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All Eye on BoE’s Monetary Decision Today

Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, …

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Hawkish Fed’s Comment Strengthen The Dollar

Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. …

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Soft NFP Spurs Stock Market

Market Summary Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations. This soft job data has fueled market speculation about a possible interest rate reduction by the Federal Reserve …

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Canadian Dollar Weakens Despite US NFP Missed

Fundamental Analysis * Loonie Downturn: On Friday, the Canadian Dollar (CAD) experienced a widespread decline despite disappointing US Nonfarm Payrolls (NFP) and wage data, causing it to plummet after an initial uptick. Given the absence of significant economic data in Canada until Tuesday, the Canadian Dollar was vulnerable to broader market dynamics. …

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