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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

LONDON (MNI)

Net trade added 2.04 percentage points to GDP in the first quarter, the first positive contribution since the second quarter of 2020, as exports declined by 7.5% and imports slumped by 13.9%. Net trade provided the single most important upward influence on first quarter growth, data released by the Office for National Statistics showed Wednesday.

Government spending rose by 2.6%, a much smaller increase than in the previous two quarters, adding 0.61 percentage points to output. Business investment slumped by 11.9%, reversing two quarters of growth, falling by 18.1% over the same period of 2020. Household spending declined by 3.9%, twice as much as expected, suggesting that consumers are reluctant — or unable — to rundown the historically-high rate of savings achieved during the second half of last year.

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