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BOJ policymaker sees no need for immediate easing

HIROSHIMA, Japan – The Bank of Japan does not need to ramp up monetary stimulus for now as a moderate recovery is expected later in the year but should be ready to loosen policy further if external pressure on the economy intensifies, board member Yukitoshi Funo said on Wednesday. Funo said Japan’s economy was moving in line with the central

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Technical Analysis – AUDUSD retests 0.7000 key level; neutral to bullish in short term

AUDUSD is flirting with the 38.2% Fibonacci retracement level of the downleg from 0.7390 to 0.6746 slightly below 0.7000 and is holding inside the Ichimoku cloud. The pair remained above the 20- and 40-day simple moving averages (SMAs) which are flattening as the price is developing within a sideways channel of 0.6830 – 0.7035 in the short-term. From the technical point

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The month of June was best for S&P 500 since 1958

June usually isn’t a great month to buy stocks Changes for the S&P 500: Daily +0.6% (+17 points to 2941) Monthly +6.9% Quarterly +3.8% All the US indexes performed roughly in-line over the month, with gains around 7% and slight outperformance in the Nasdaq (+7.4%).This was really about the reversal of the Mexican tariffs. The market was up 3.0% from

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May Rules Out Including NHS in Trade Negotiations: Trump Update

From bloomberg.com U.S. President Donald Trump landed in the U.K. for a three-day state visit at a sensitive time for the country’s ruling Conservative Party. Rival candidates are jostling to replace outgoing Prime Minister Theresa May, and the president has already weighed in with his own opinions on the contenders. Key Developments: U.S. President may meet with Boris Johnson, Nigel

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