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FOMC meeting unlikely to drive major movements – TD Securities
TD Securities analysts expect the FOMC to maintain current interest rates, with a cautious approach supported by recent data. They note that while Chair Powell may not commit to…
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Dow Jones misses out on tech gains as healthcare backslides
The Dow Jones Industrial Average (DJIA) took a header on Tuesday, peeling away from the tech-bolstered pack of major indexes and falling around 500 points, or one percent, on an…
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Bearish momentum builds as price slips below key SMAs
The Japanese Yen (JPY) remains on the front foot against the US Dollar (USD) on Tuesday, with growing intervention risks and broad-based weakness in the Greenback reinforcing…
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US CB Consumer Confidence Index fell to 84.5 in January
US consumer sentiment lost momentum in January, as the Conference Board’s Consumer Confidence Index fell to 84.5 from a revised 94.2 (from 89.1), hitting the lowest level since…
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AUD/USD climbs to three-year high on Australian yields, USD weakness
AUD/USD trades around 0.6960 on Tuesday at the time of writing, up 0.60% on the day, after touching its highest level since February 2023. The pair remains supported by a…