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Postcards: Five Things To Think About
Article By:
Garrett Baldwin
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Tuesday, May 28, 2024 4:14 AM EDT
United Wholesale Mortgage should be called before Congress tomorrow. The company plans to give any new first-time home buyer a “second-lien loan of up to $15,000, in the form of down-payment assistance, for 3% of the home’s purchase price.”
FX Daily: No News Is Good News
Article By:
ING Economics
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Tuesday, May 28, 2024 4:00 AM EDT
Cross-market volatility continues to fall as investors seem to be positioning for benign US inflation data later this week. This risk-positive environment has seen the dollar drift a little lower but the Japanese yen staying weak too.
Max Hawkish Into June FOMC
Video By:
Samantha LaDuc
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Monday, May 27, 2024 5:49 PM EDT
A discussion of the implications of yield curve inversions on economic growth and market trends.
In this video: SPY
China Dominates EV Market With 9.5 Million Sales In 2024
Article By:
Finance Brokerage
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Monday, May 27, 2024 4:37 PM EDT
China’s commitment to EVs was fortified by state policies aiming to overcome environmental challenges and reduce dependency on fossil fuels. These policies included sales goals, subsidies, and the development of charging infrastructure.
Oil And Natural Gas: Oil Retreated To $76.12 On Friday
Article By:
Finance Brokerage
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Monday, May 27, 2024 8:06 AM EDT
On Friday, the oil price retreated to the $76.12 level, forming a new May low. On Friday, the price of natural gas continued to fall until the EMA200 moving average and the $2.48 level.
Fed Officials Emphasize Patience As Inflation Concerns Persist
Article By:
Fullerton Markets
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Monday, May 27, 2024 7:57 AM EDT
Fed Governor Christopher Waller stated that he requires additional evidence of decreasing inflation before he supports interest rate cuts. In the absence of a significant labor market decline he needs to see several months of positive inflation data
Ifo Index Gives Cold Shower To Optimists
Article By:
Carsten Brzeski
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Monday, May 27, 2024 5:19 AM EDT
A stagnating Ifo index in May suggests that the bottoming out of the German economy is not yet being followed by a strong recovery.
In this article: EWG
Forex Today: Asian Stock Markets Trading Higher
Article By:
Adam Lemon
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Monday, May 27, 2024 4:33 AM EDT
Major Asian equity indices Hong Kong, China, Australia, South Korea, and Japan are ending the day higher. Some analysts see an increasing sentiment expecting a faster pace of US rate cuts as possibly helping sentiment.
Rates Spark: Rate Cuts Pushed Back Again
Article By:
ING Economics
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Monday, May 27, 2024 3:36 AM EDT
The latest data shows that a full-blown global easing cycle is still a long shot. The pricing for European Central Bank cuts in 2024 is down to 60bp, which means two cuts are now deemed more likely than three. And the pricing could go even lower.
Gold Price Attracts Some Buyers, Israel Strikes Rafah And Boosts Safe-Haven Flows
Article By:
Lallalit Srijandorn
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Monday, May 27, 2024 3:00 AM EDT
Gold price (XAU/USD) gathers strength on Monday. The softer US Dollar (USD) and the renewed escalating geopolitical tensions in the Middle East provide some support to the yellow metal.
WTI Remains Above $77.50 Due To Improved Risk Appetite
Article By:
Akhtar Faruqui
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Sunday, May 26, 2024 11:00 PM EDT
West Texas Intermediate (WTI) crude Oil price inches higher due to a recovery in overall market risk appetite, likely driven by investors' anticipation of a rate cut from the Federal Reserve (Fed) in September.
FX Daily: ECB Looking Through Higher Wages
Article By:
ING Economics
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Sunday, May 26, 2024 5:40 PM EDT
The dollar has had a good week ahead of the Memorial Day holiday, and we still think the USD/JPY currency pair can stay supported in the coming days. The EUR/USD and EUR/GBP pairs, however, look more likely to find some support than fall further.