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European indices and US futures pull higher to start the session European equities are posting modest gains on the session now, building on the rebound yesterday as the momentum since late Tuesday trading continues in stocks. US futures are also marked higher on the day after a mixed session yesterday: After Yellen stepped on the
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Australian Dollar trades generally lower today, after China announced to “indefinitely” suspended all  activities under the China-Australia Strategic Economic Dialogue. But the spike on Aussie was relatively shallow and short-lived. Traders are quick to remember that the tariffs by China on some Aussie products didn’t had much material impacts on the latter’s export performance. Additionally,
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There are too many people who want to gamble The line between gambling, trading and investing has always been finer than anyone in this industry admits. All investments are essentially a bet on the future. What’s changed lately is that traders don’t seem to care about anything but price. When crypto first boomed there were
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Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen
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Latest data released by Markit – 5 May 2021 Prior 48.6 Composite PMI 51.2 vs 53.0 expected Prior 51.9 While the rest of the region saw more upbeat performances in April, Italian business activity struggled as the services sector contracted further – missing on estimates. New orders and exports showed declines to start Q2, with
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Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the
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The RBA left all monetary policy measures unchanged in May and reiterated that a rate hike would “unlikely to be until 2024 at the earliest”. However, the central bank upgraded economic projections and signaled that some amendments would be made on yield curve control (YCC) and QE in July. Economic Assessments The RBA acknowledged the
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UK stocks gain in catch-up play after the long weekend Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE +0.8% Spain IBEX +0.1% The overall risk mood is more tepid in general with US futures also keeping little changed. S&P 500 futures are down 0.1%, Nasdaq futures down 0.1%, Dow futures flat. In
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