UK retail sales fall sharply in May
British retail sales slumped in May, marking the sharpest monthly decline in a year and a half, as consumer demand fell following a strong spending surge in April on food, summer clothing, and home improvements.
Retail sales fell by 2.7%…
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Gold dips further, weighed by hawkish Fed / slightly calmer rhetoric in the Middle East
Gold dipped below important supports at $3374 (Fibo 23.6% of $3120/$3452 / bull-trendline off $3120 higher low) on Friday, deflated by less aggressive tones from the Middle East, as President Trump delayed announcement of decision whether…
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Bank of England keeps rates on hold in June
The Bank of England (BoE) held interest rates steady at 4.25% during its June policy meeting, as widely expected. The central bank emphasized it is closely watching risks stemming from a weakening labor market and rising energy prices amid…
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Gold cracks pivotal support in post-Fed trading but lacks strength for clear break lower
Gold edged lower on Thursday following probe through pivotal supports at $3374/65 (Fibo 23.6% of $3120/$3452 / trendline support / 10DMA).
Near term sentiment weakened after Fed rate decision and comments from Chair Powell. Although…
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Fed keeps rates on hold, remains cautious in light of darkening economic and geopolitical outlook
The Federal Reserve kept its benchmark interest rate unchanged on Wednesday, as widely expected. While US policymakers reiterated that some rate cuts are still anticipated this year, they tempered the expected pace of those cuts due to…
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Dollar remains constructive ahead of Fed verdict
Dollar remains constructive ahead of Fed verdict
The dollar index held steady and moved within a narrow range following advance in past three days, as traders await announcement from Fed.
The dollar benefited from safe-haven demand on…
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Fed is expected to keep rates unchanged as worsening geopolitical situation and cooling economy…
The Federal Reserve is expected to keep interest rates unchanged at its June policy meeting as policymakers weigh signs of a cooling economy against risks of rising inflation, driven by recent US import tariffs and escalating tensions in…
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UK inflation cools in May but BoE focuses on threats from rising energy prices
British inflation rose by 3.4% y/y in May, compared to 3.5% in April, but missed forecast for 3.3% increase.
Core CPI, stripped for the most volatile food and components, was down to 3.5% in May, from 3.8% previous month and came in line…
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Cable – pullback finds footstep at key supports ahead of Fed / BOE rate decisions
Cable bounced from new three-week low (1.3415), hit after Tuesday’s 1.2% drop, boosted by weaker than expected UK inflation in May.
Weaker dollar also helps Wednesday’s recovery, as markets await Fed’s decision today and BOE’s monetary…
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US Retail Sales Disappoint in May Amid Broader Economic Concerns
Retail sales in the United States dropped more than expected in May, falling 0.9% after a downwardly revised 0.1% dip in April, according to the Commerce Department's Census Bureau. This decline disappointed expectations for only…
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