Gold resumes recovery, double-bottom underpins
Spot gold rose to the highest in more than one week on Tuesday, resuming recovery leg from $1677 (Mar 31 low) after bulls took a breather on Monday.
Fresh weakness of the dollar and US Treasury yields revived metal’s appeal and lift the…
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The dollar weakens on higher equities, oil prices
The dollar accelerated lower in early US session trading on Tuesday, repeating the pattern from the previous day.
Fresh strength of equities following shallow pullback and higher crude oil prices deflate greenback for the second straight…
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S&P 500 is consolidating under new record high
The S&P index is consolidating under new record high, posted after 1% rally on Monday, sparked by upbeat US data.
A survey showed a measure of US services industry activity jumped to a record high in March, after last week’s reports…
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Extended recovery is underpinned by bear-trap but risk of stall exists
The Euro remains firm in early Tuesday’s trading and probes through pivotal Fibo barrier at 1.1812 (38.2% of 1.1988/1.1704), after 0.5% advance on Monday registered bullish signal on close above 10DMA and trendline resistance.
Formation of…
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RBA is expected to keep its accommodative policy for extended period of time
The Reserve Bank of Australia, as widely expected, left its ultra-low interest rates unchanged on today’s policy meeting and expressed its commitment to maintain accommodative policy until inflation rises and unemployment drops.
The…
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US service sector activity accelerates strongly in March
The report from the Institute for Supply Management (ISM) showed that the activity in the US non-manufacturing sector rose to its record high at 63.7 in March from 55.3 in February, driven by strong growth in new orders, indicating that…
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Recovery regains traction and cracks pivotal barriers
The Euro jumped to one-week high as dollar was sold in early US trading on Monday.
Fresh strength adds to hopes that recovery may pick up after Friday’s close in red soured the sentiment, as the pair probes through pivotal barriers at…
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Sterling remains supported by growth hopes, easing measures
Cable accelerated higher in European trading on Monday, signaling an extension of recovery leg from 1.3670 double-bottom (Mar 24/25).
Sterling maintains positive tone on rising expectations for stronger growth as economy reopens, in…
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Dollar keeps firm tone on expectations of economic recovery acceleration and possible earlier than…
The dollar kept firm tone in early Monday’s trading, supported by strong US labor data, released last Friday.
The greenback advanced further against the basket of major currencies in the lowered market activity due to Easter holidays.…
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US employment surges in March, boosted by vaccination and fiscal stimulus
The US non-farm payrolls surged by 916,000 jobs in March, marking the biggest increase since August, rising from previous month’s upwardly revised 468,000 and strongly beating expectations for 647,000 jobs to be added last month.
High…
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