Month: April 2023

> Canada GDP for February 0.1% versus 0.2% estimate Canada GDP for February 2023 Prior report 0.5% revised to 0.6% Canada GDP 0.1% versus 0.2% expected (the estimate from February was a 0.3% gain) The advance estimate for March -0.1% goods producing 0.1% versus 0.4% prior service producing 0.1% vs 0.6% prior 12 of 20
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Gold prices were little changed on Friday, but were headed for a small weekly gain due to a weaker dollar and lingering economic concerns, while investors looked ahead to the Federal Reserve’s policy move next week. FUNDAMENTALS * Spot gold was little changed at $1,986.71 per ounce by 0042 GMT, but was headed for a
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The forex markets appear stable in today’s Asian session, with most major pairs and crosses remaining within yesterday’s range. Stabilization of US stocks helped calm investors for now, but overall sentiment remains vulnerable. Australian Dollar continues to be the week’s worst performer, facing a triple blow of risk aversion, declining copper prices, and RBA speculation.
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NZDUSD consolidates an up-and-down trading between levels The NZDUSD has experienced a rollercoaster of price action today, with values initially staying above yesterday’s low of 0.61107 before climbing higher. This upward momentum managed to surpass a critical swing area between 0.6119 and 0.61266, as sellers became buyers. During the Asian and early European sessions, the
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Eamonn Sheridan Thursday, 27/04/2023 | 23:50 GMT-0 27/04/2023 | 23:50 GMT-0 Japan Retail Sales March +7.2% y/y expected 5.8%, prior 7.3% for the m/m, +0.6% (expected +0.3%, prior +2.1%) more to come — Coming later from Japan, the Bank of Japan decision, previews: jpy ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW
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Chana (gram) prices have slid 4%-6% in the past three weeks, plunging below the minimum support price level (MSP) in Maharashtra after the state government included chana along with tur and urad in the stock declaration order. This has increased worries of farmers as the government buying at MSP is limited. The average wholesale price
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Dollar shrugs off worse than expected Q1 GDP data and recovers against European majors in early US session. But momentum is so far weak except versus Swiss Franc, which happens to be the worst performer for the day. Australian Dollar and other commodity currencies turned into consolidation, digesting this week’s losses. Meanwhile, Euro and Sterling
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