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2% GDP Contraction Hits Japan In Early 2024
Article By:
Finance Brokerage
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Thursday, May 16, 2024 1:49 PM EDT
Japan‘s economic landscape experienced a sharp downturn in the first quarter of 2024, contracting more rapidly than anticipated.
In this article: EWJ
FTSE - Reverses Early Losses As BT Trades At Two Year Highs
Article By:
Patrick Munnelly
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Thursday, May 16, 2024 11:22 AM EDT
On Thursday, London's FTSE 100 experienced an initial decline as several companies, including oil giant BP, traded ex-dividend.
In this article: EWU
USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI
Article By:
Yohay Elam
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Thursday, May 16, 2024 10:39 AM EDT
The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April.
EUR/USD Could Be Heading To 1.10
Article By:
Fawad Razaqzada
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Thursday, May 16, 2024 9:59 AM EDT
What now for the dollar? That’s the key question after Wednesday’s softer data releases caused the greenback to fall across the board, underscoring the view that the economic growth is losing momentum and that inflation is heading lower.
After Limited Follow-Through Selling, The Dollar Has Come Back Bid
Article By:
Marc Chandler
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Thursday, May 16, 2024 8:18 AM EDT
Three of the G10 currencies rose by more than 1% against the US dollar yesterday after the softer inflation and weak retail sales readings. The Dollar Index lost almost 0.65% yesterday, the most this year.
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited - Thursday, May 16
Article By:
Peter Mathers
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Thursday, May 16, 2024 8:02 AM EDT
The analysis aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
Asian Stock: Guangdong TCL Smart Home Appliances
Article By:
Andrew Stotz
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Thursday, May 16, 2024 7:00 AM EDT
Guangdong TCL Smart Home Appliances Company Limited designs, manufactures, and sells refrigerators.
USD/CAD Rebounds Above 1.3600, Focus On US Data
Article By:
Lallalit Srijandorn
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Thursday, May 16, 2024 5:57 AM EDT
USD/CAD finds support at the 1.3600 psychological level and rebounds to 1.3615 in Thursday’s early European session. The recent softer US inflation and weaker Retail Sales have triggered speculation that Fed may cut rates this year.
Elliott Wave Technical Analysis: CAC 40
Article By:
Peter Mathers
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Thursday, May 16, 2024 5:45 AM EDT
The index is currently experiencing an impulsive trend, specifically within red wave 1.
USD/CHF Drops To Near 0.9000 Due To Dovish Sentiment Surrounding The Fed
Article By:
Akhtar Faruqui
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Thursday, May 16, 2024 5:32 AM EDT
USD/CHF extends losses due to growing expectations of multiple rate cuts by the Fed in 2024. Fed’s Neel Kashkari said that the US Fed should maintain policy rates at their current level for longer.
Australia: Mixed News From The Labor Front
Article By:
ING Economics
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Thursday, May 16, 2024 3:40 AM EDT
Higher-than-forecast employment looks good, but the nature of that employment is questionable, and the unemployment rate has jumped higher - on balance, this looks slightly weaker than it first appears.
AUD/JPY Drops To Near 103.00 After The Mixed Aussie Employment Data
Article By:
Akhtar Faruqui
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Thursday, May 16, 2024 2:45 AM EDT
AUD/JPY snaps its three-day winning streak, trading around 103.00 during the Asian hours on Thursday. The AUD/JPY cross decline is attributed to the mixed employment data from Australia released on Thursday.