Beijing reopening dulls NFP retreat

By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.

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Flip-flop in the markets

By Jeffrey Halley It was another night of tail-chasing, this time led by Goldman Sachs that said a US recession is a real possibility and that the US Dollar might fall as

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PMI shocker from China, Fed hikes rates

By Jeffrey Halley  The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on

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Corporate earnings to drive sentiment

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were up Tuesday morning, drawing strength from the tech-driven Wall Street rally overnight. It seems like solid corporate earnings have soothed concerns

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Sterling whipsaws after BoE decision

By Lukman Otunuga, Senior Research Analyst at FXTM Policymakers voted unanimously to leave interest rates unchanged at the current record low of 0.1% while a majority (7-1) voted to maintain government bond

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