Gold – bears take a breather at key support zone but still hold grip, geopolitics remain in…
Gold edged higher on Wednesday after cracking important $4500 support zone (50% retracement of $4099/$4889 rally / recent higher base) which provides significant headwinds to larger bears.
Partial profit-taking on oversold conditions /…
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British inflation drops below expectations in April
British inflation rose by an annual 2.8% in April, the lowest in more than a year, down from 3.3% in March and below forecasts for 3% increase.
Core CPI, stripped for volatile components, rose by 2.5% in April, compared to 3.1% increase…
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Dollar Index probes again through key barriers after consolidation
The dollar regained traction on Tuesday, after significant drop previous day and attacks again key barriers at $99.20/30 (Fibo 61.8% of 100.48/$97.40 descend / daily Ichimoku cloud top) where the action was repeatedly capped in past two…
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Brent oil hit two-week high but faces strong headwinds at $110 zone
Brent oil price spiked to two-week high in early Monday trading, extending last week’s 4.5% advance, driven by fragile situation in the Middle East and fading prospects for peace after the latest attack on a nuclear power plant in the UAE.…
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China’s economic growth loses momentum in April
China’s industrial production (y/y) grew 4.1% in April (the slowest growth in almost three years), compared with a 5.7% rise previous month and well below consensus for 6.0% growth.
Retail sales, a gauge of consumption, have disappointed…
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Dollar index gains over 1% for the week on hawkish shift in Fed rate outlook / risk aversion
The dollar advances for the fourth consecutive day, riding on the wave of fresh risk aversion and being boosted by shift in Fed rate outlook, as rising inflation revives speculations of potential rate hike this year.
The dollar index hit…
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UK economy performed better than expected in Q1 – GDP
Great Britain’s economy grew by 0.3% m/m in March, compared to downwardly revised 0.4% growth in February and beating expectations for a 0.1% contraction.
The same report showed that economy expanded by 0.6% in the first quarter, against…
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Gold stands at the back foot as dollar benefits from higher US inflation
Gold holds in red for the second consecutive day, pressured by stronger dollar on growing uncertainty in the Middle East and sidelined expectations for potential Fed rate cuts, as inflation in the US rose further (both consumer and producer…
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USDJPY rallies for the third day on geopolitical uncertainty, higher US inflation
USDJPY advances for the third straight day, as stalling peace talks in the Middle East fuel uncertainty and boost dollar’s safe-haven appeal, while fresh rise of inflation in the US adds to Fed’s hawkish stance that underpins the greenback.…
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US inflation rises further in April
US inflation increased 0.6% in April after 0.9% rise in March, in line with expectations, while annualized CPI advanced 3.8% last month, compared to 3.7% forecast and 3.3% increase in March, in the biggest gain in three years.
So called…
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