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EURJPY Delays Decline – Forecast for January 22, 2025
The EURJPY currency pair has recently postponed its anticipated decline, closing positively above the 160.20 support level. The pair has shown resilience, benefiting from...
Nintendo Shares Drop After Switch 2 Reveal Fails to Impress Investors
Shares of Nintendo Co. Ltd. (TYO:7974) plummeted nearly 7% on Friday following the much-anticipated reveal of its next-generation console, the Switch 2. The stock...
Oil Prices Rise on Supply Fears, Rate Cut Speculations
Oil prices climbed on Friday, heading for a fourth consecutive weekly gain, fueled by growing concerns over tighter supply following U.S. sanctions on Russian...
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Oil Prices Rise on Positive Chinese Economic Data, Easing Middle East Tensions Limit Gains
Oil prices saw modest gains in early trading on Friday, supported by stronger-than-expected Chinese economic data, but...
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UBS Predicts Dollar Strength to Persist, Forecasts EUR/USD Below Parity by Year-End
UBS analysts predict that the U.S. dollar will maintain its strength through the end of the year,...
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NZD/USD Price Forecast Update: January 14, 2025
The NZD/USD pair has recently made further positive movements, approaching the resistance line of its bearish channel....
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The Fed’s actions this week are slightly contradictory, with traces of internal politics
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On June 16, former U.S. Treasury Secretary Summers said that the slightly contradictory actions of Fed policymakers this week seemed to be influenced by...
BOJ keeps policy on hold as it awaits signs of sustainable inflation
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On June 16, institutions commented that the Bank of Japan is sticking to its stimulus policy while waiting for signs of more sustainable inflation. This...
Yen bears should be wary of Japanese authorities’ move to support the yen
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On June 16, John Vail, chief global strategist at Nikko Asset Management in Tokyo, said anyone shorting the yen against the dollar must be...
Australia’s unemployment rate unexpectedly falls in May, supporting RBA rate hike bets
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On June 15, Australia's employment situation in May exceeded expectations significantly, and the unemployment rate unexpectedly fell, supporting the bet that the Reserve Bank...
Fed rate hike signal may narrow Asian dollar bond spreads
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Andrew Wong, a credit analyst at OCBC Bank in Singapore, said that the slow pace of new dollar bond issuance by Asian companies, coupled...
If the labor market does not weaken significantly, the Fed may raise interest rates twice
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On June 15, DBS Bank said that the Federal Reserve may raise interest rates in July after keeping rates unchanged in June. The bank's chief...
The IEA raised its crude oil supply forecast for this year
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On June 14, the International Energy Agency (IEA) raised its 2023 oil supply forecast by 200,000 barrels to 101.3 million barrels per day, and...
Possibility of ECB holding policy steady in second half increases
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On June 14, Patrick Barbe, head of the European investment-grade fixed income department of Neuberger Berman, an international asset management company, said that market...
Sterling may remain underpinned by rate-hike bets
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On June 14, after yesterday's strong wage growth data, the market expects the Bank of England to raise interest rates further, and the pound...
The prospect of Fed rate hikes may keep the dollar strong
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On May 29, analysts at UniCredit Bank said in a note that expectations of further rate hikes by the Fed should keep the dollar...
Eurozone inflation expected to be significantly higher than U.S. by end-2023
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On May 29, analysts at Natixis predicted that U.S. core inflation would fall below 3% by the end of 2023, while the euro zone...
Dollar edges lower as U.S. debt ceiling deal boosts risk appetite
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The dollar edged lower on May 29 after a deal between U.S. President Joe Biden and House Speaker McCarthy to raise the debt ceiling...