Decent buying reported from Eastern European names and we’re up at 1.2977.
As aforementioned sell orders clustered 1.2980/00, ‘decent’ up at 1.2990/00.
Will Perfect Pete get another poll right? He came within 9 pips Friday of reaching his 1.3000 goal. That would have been two correct poll choices in one day. Man’s a legend!!!
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NOW drops 6.7% on Mideast fears & AI disruption; trades 56% below its 52-wk high.
China March 2026 CPI 1.0% y/y (expected 1.2%) PPI 0.5% y/y (expected 0.4%). PPI positive for the first time in 41 months.
FROG, SNOW, QLYS drop 8.5% on AI fears & Mideast tension. QLYS down 39.4% YTD.
PBOC sets USD/ CNY reference rate for today at 6.8654 (vs. estimate at 6.8313) PBOC CNY reference rate setting for the trading session ahead.
Bank of Korea holds policy rate at 2.5%, as expected. Inflation and growth risks eyed. Ie. stagflation risk!
Venezuela's March inflation cools to 13.1%, but annualized rate hits 649.4%. Currency woes fuel price hikes.
AppLovin drops 4.1% on AI disruption fears; down 37.8% YTD, but 5-yr returns are strong.
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