China’s industrial and retail activities slowed more than expected in April on Covid lockdowns
The latest Covid lockdowns in China, imposed in major cities in past two months, impacted China’s economic performance more than expected, strongly slowing the activity in factory and retail activity in April.
Annualized industrial…
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Bears may accelerate on break of 2017 low
The Euro is consolidating within a tight range on Friday after a 1.3% drop previous day, as oversold daily studies warn of price adjustment, which is likely to be limited as overall bearish bias is intact.
The pair is on track for a weekly…
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Profit-taking pauses bears but Dow is still on track for big weekly loss
Bears are taking a breather on Friday, as traders collects profits after a sharp fall this week (the index was down over 3% during Mon/Thu period.
Stock markets were slashed by worries of high inflation and aggressive monetary policy…
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Aussie posts new multi-month low on dominating risk-off mode
Risk aversion on growing concerns about inflation and slowdown of global growth continues to drive the Aussie dollar lower, after recovery attempts on Wednesday were strongly rejected above 0.70 level, now reverted to strong resistance.…
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Current Volatile Market Movers
On the days when traders and financial market participants are waiting for any news related to Inflation in the US, which shows the practical effects of the Federal Reserve's policies to control the high Inflation, on Wednesday, May 11, the…
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Dollar rises to 20-year high on growing safe-haven demand
The dollar index rose to a fresh twenty-year high on Thursday, as concerns that tightening monetary policies in attempts to put raging inflation under control would impact global economy, accelerated migration into safety that further…
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Cable falls to new 2022 low after weak UK GDP data added to negative sentiment
Cable extends steep fall of past four weeks and probed below 1.22 handle to hit new 2022 low.
Weak UK GDP data, released today, added to negative sentiment, fueled by risk aversion that continues to inflate the US dollar.
Negative…
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Euro hits the lowest since 2017, pressured by fresh wave of risk aversion
The Euro fell to new five-year low in European trading on Thursday, following eventual break of previous low at 1.0471, above which the pair was consolidating in past two weeks.
Persisting risk aversion on growing economic and political…
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UK economy contracts in March, adding to recession warnings
Britain’s economy contracted by 0.1% in March after a 0.1% expansion previous month while economists expected gross domestic product to be flat.
The 0.2% drop in country’ dominant services sector was the main contributor to negative…
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US inflation slows in April but remains high
The US monthly inflation rose by 0.3% in April from 1.2% increase previous month and annualized figure showed increase of 8.3% from 8.5% in March, signaling slowdown on consumer prices growth and generating initial signal that inflation has…
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