Gold resumes rally after a brief holiday pause and nears $3400 target
Markets are back to business and accelerated in unchanged direction after short Easter break.
Gold jumped around 1.8% in Asian/early European trading, hitting series of new record highs and pressuring psychological $3400 level.
Fresh…
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Japan’s inflation rises in March and adds pressure on BOJ
Japan’s core consumer price index, which includes oil products but excludes fresh food prices, rose 3.2%, in line with expectations, but jumped from a 3% previous month.
The latest acceleration was driven mainly by continuous rise in…
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Crude Oil – strong weekly gain boosts reversal signals but downgraded demand outlook darkens…
WTI oil has registered the second weekly gain (the contract was up 3.3% this week), lifted by growing optimism over easing trade tensions between the USA and the European Union and signals of possible deal, new US sanctions on Iran and…
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Dollar Index – narrow consolidation to precede fresh push lower while 100 level caps
The dollar index remains within a narrow consolidation above new multi-month low which extends into fifth consecutive day.
Larger bears are taking a breather after a sharp fall in past two weeks, when the dollar was deflated by imposed…
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China’s GDP grew above expectations in Q1 ahead of anticipated impact from US tariffs
China's economy grew faster than expected in the first three months of the year, with solid industrial production and consumption, being main contributors to upbeat Q1 results.
Gross domestic product grew 5.4% in the first quarter from a…
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Gold hits new record high above $3300
Gold broke above psychological $3300 barrier and hit new record high on Wednesday morning, as growing uncertainty over US-China trade war sparked fresh wave of migration into safety, with weaker dollar adding support to metal’s price.…
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AUDUSD rallies for the fifth straight day, eyes key barriers
AUDUSD extends steep upleg into fifth straight day and hit two-week high on Tuesday, as weakening US dollar and higher commodity prices continue to underpin Aussie dollar.
Improving technical pictures on daily and weekly charts…
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German investor morale falls at the fastest pace since early 2022 in April – ZEW
The data from ZEW economic research institute released on Tuesday, showed that German investor morale fell to -14 in April, compared to rise to 51.6 points previous month and well below expectations for rise to 10.6 points.
April’s…
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GBPUSD – bulls test again 1.3200 barrier, eye UK data for fresh signals
Cable remains well supported at the start of the week and extends steep ascend into fifth consecutive day.
Bulls crack 1.3200 barrier again (following last attempt and false break higher on April 3) but is likely to face headwinds at…
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Dollar index – limited upticks to precede fresh push lower
The dollar edges higher on Monday as larger bears show signs of fatigue following last week’s massive losses.
Weekly close below psychological 100 support (also near Fibo 61.8% of 89.15114.72 uptrend) and probe below the floor of larger…
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