US manufacturing PMI rose to the highest in 37 years in March
The activity in the US manufacturing sector accelerated to the highest level in more than 37 years in March, boosted by strong growth in new orders, the initial signal that economic recovery is gaining pace.
The Institute for Supply…
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Dollar bulls are losing traction; US NFP could spark deeper pullback
The dollar extends consolidation into second day as bulls take a breather under new five-month high (93.45).
Lower volumes in pre-holiday trading and higher than expected US jobless claims, could cause deeper drop, as reversal pattern is…
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Aussie falls further on disappointing data, expectations for dovish RBA
The Australian dollar was among the top losers of the Asian session on Thursday, as bears extended to new 3 ½ month low (0.7531).
Disappointing economic data, released overnight, added to negative sentiment, boosted by expectations that…
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Bulls eye 2020 highs and monthly cloud top
The pair holds in green for the seventh straight day and bulls have tighten grip after break of pivotal barriers at 109.56/110.00 (Fibo 76.4% of 111.71/102.59 / psychological).
The dollar advanced nearly 8% vs yen in past three months…
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Bears are consolidating above key support after nearly 3% drop in March
Bears are taking a breather above new nearly five months low (1.1704) and key Fibo support at 1.1694 (38.2% of 1.0635/1.2349), with consolidation on overextended daily studies likely to precede fresh weakness.
The Euro fell almost 3% in…
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President Biden puts effort to re-shape US economy with new $2 trillion infrastructure package
The US President Joe Biden is looking for a dramatic shift in the direction of the US economy, with plans to invest around $2 trillion in the infrastructure, climate change and the human services.
The new plan comes after recently…
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China’s economic recovery gained pace in March
The activity in China’s manufacturing sector expanded at the fastest pace in March and factories accelerated production after a brief pause during the Lunar New Year holidays, helped by improving global demand that further boosted economic…
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Better than expected UK data lift cable but near-term action remains in a range
Cable bounces in European trading on Wednesday after data showed the UK economy grew above expectations in Q4 2020 and current account deficit, although widened below forecasts.
The recovery of two-day drop so far stays below pivotal…
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Britain’s economy grew more than expected at the end of 2020
UK gross domestic product increased by 1.3% in the last quarter of 2020 from the previous three-month period and beat expectations for 1.0% growth.
Although the figures point to stronger than expected Q4 growth, Britain’s economy,…
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Gold tumbles 1.5% and pressures key supports as dollar rises to 4-mth high
Spot gold tumbled 1.5% on Tuesday, in extension of steep fall that commenced on Monday.
The dollar rose to four-month high, driven by higher US Treasury yields which hit 14-month high on growing expectations that speedy vaccination would…
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