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German Consumers Still In Hibernation
Article By:
Carsten Brzeski
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Thursday, March 28, 2024 11:40 AM EDT
Disappointing retail sales and still weak consumer confidence suggest that the consumption-driven recovery remains more of a dream than a reality for Germany.
In this article: EWG
Pending Home Sales Hover Near Record Lows In February
Article By:
Tyler Durden
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Thursday, March 28, 2024 11:20 AM EDT
After puking in January, pending home sales were expected to rebound modestly (+1.5% MoM) in February and it did (+1.6% MoM) with a small upward revision for Jan (from -4.9% to -4.7% MoM).
BoJ’s Tone: A Slow, Optimistic Influence On USD/JPY
Article By:
Finance Brokerage
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Thursday, March 28, 2024 11:10 AM EDT
In the swirling currents of global finance, the Japanese yen finds itself at a pivotal juncture, steered by the dual helms of the Bank of Japan and the Japanese government.
Initial Claims Remain Somnolent, While Continuing Claims Pop Slightly
Article By:
New Deal Democrat
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Thursday, March 28, 2024 11:00 AM EDT
The divergence in the trends between initial and continuing claims continued this week.
Asia Week Ahead: RBI On Hold, Rising Regional Inflation And A Potential China PMI Data Rebound
Article By:
ING Economics
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Thursday, March 28, 2024 9:41 AM EDT
Next week features a policy decision for the Reserve Bank of India, PMI readings from China, plus inflation from regional economies.
Eurozone Money Growth And Bank Lending Show Cautious Recovery
Article By:
ING Economics
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Thursday, March 28, 2024 8:37 AM EDT
After some declines in 2023 on the back of tightening policy, both money growth and bank lending have started to increase again ever so slightly.
In this article: EZU
German Labor Market Remains Resilient On The Outside But Shows Weakening From The Inside
Article By:
Carsten Brzeski
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Thursday, March 28, 2024 7:30 AM EDT
Unemployment this month dropped less than it generally has done in March since the financial crisis, suggesting that the very gradual cooling or turning of the labor market continues.
In this article: EWG
Italian Business Confidence Improves In March As Consumers Take A Breather
Article By:
ING Economics
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Thursday, March 28, 2024 7:25 AM EDT
Overall this is a positive reading, marking an improvement among manufacturers and a surprising resilience among builders. Consumers are taking a breather, showing tentative concerns about future unemployment for the first time in months.
EUR/USD Price Looking To Pierce 1.08, Eyes On US GDP
Article By:
Yohay Elam
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Thursday, March 28, 2024 6:32 AM EDT
The EUR/USD price remained bearish on Wednesday despite minor rebounds. The pair is trading at 1.0820 at the time of writing. The bearish trend remains dominating amid a stronger dollar.
Japan Is Now Threatening Major Intervention Against The Dollar
Video By:
Jeffrey P. Snider
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Thursday, March 28, 2024 6:30 AM EDT
The Japanese are really getting bothered by weakness in the yen. But where is it coming from, and what might be done about it?
FX Daily: Fed Foot-Dragging And Low Volatility Dominate
Article By:
ING Economics
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Thursday, March 28, 2024 6:15 AM EDT
The dollar received some bullish news overnight in a speech from the Federal Reserve's Christopher Waller.