Thursday, February 2, 2023

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China’s Caixin Services PMI unexpectedly slumps to 42.0 in March

China's Caixin services PMI for March came in at 42.0 vs. 53.0 expected and 50.2 last, showing that the country’s services activity contracted on coronavirus outbreak-induced lockdown measures. China’s services activity falls at the quickest rate since February...

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RBA: Now looking for a 40bp rise to 0.75% next week – ANZ

Next week, the Reserve Bank of Australia will announce its decision on monetary policy. After GDP data on Wednesday, economists at ANZ Bank shifted their...

Italy’s Franco: Inflation doesn’t seem likely to decline quickly

Italy economy minister Daniele Franco said on Friday, inflation doesn't seem likely to decline quickly. Additional quotes Italy economy minister franco says q2 probably saw...

USDCAD Price Analysis: Recovery seeks validation from 50-DMA hurdle near 1.3500

USDCAD picks up bids to extend the previous day’s rebound from six-week low. Bearish MACD signals, steady RSI keep sellers hopeful. Buyers can return...

US: Atlanta Fed GDPNow for Q2 drops to -1% from +0.3%

According to the Federal Reserve Bank of Atlanta's GDPNow model, the US economy is expected to contract by 1% in the second quarter, down from...

GBP/JPY, rejected at 157.05, dives to levels sub-156.00

The sterling retreats below 156.00 after failure at 157.05. Closing positions at the end of the month might have hit the pound. GBP/USD is...

USD/JPY tumbles below 128.00 after the release of Japan’s Unemployment Rate at 2.6%

USD/JPY has recorded a vertical downside a little later than the release of Japan’s Unemployment Rate. Lower-than-expected Jobless Rate of 2.6% has underpinned the...

NIO Stock News and Forecast: NIO extends slide on persistent risk-off mood

NIO stock extends decline on Monday as risk aversion leads the way. Other EV stocks such as Rivian and Lucid also suffered large losses. Sector...

Gold Price Analysis: XAU/USD pulls back slightly to $1860 as US inflation expectations ease

Spot gold prices moderated on Thursday back to the $1860 level, despite a softer dollar and yields. Gold has been tracking US inflation expectations...

EUR/USD makes a U-turn, climbing to daily highs nearby 0.9800 after hot US inflation

EUR/USD dived to a daily low of 0.9631 as a reaction to US inflation, but stages of recovery. US core CPI reached a 40-year...