Goldman Sachs Group reported record revenue in Q1
Profits of the US investment banking giant Goldman Sachs Group surged well above expectations in the first quarter, as the company capitalized on pandemic-driven boom in equity trading.
Total revenue more than doubled to $17.7 billion in…
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Oil price remains elevated on improved global demand outlook and weaker dollar
WTI oil price continue to climb for the third consecutive session and hit one-week high on Wednesday.
Monthly report from the International Energy Agency showed improved outlook for a significant rise in global oil demand in the second…
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Aussie advances on upbeat Australia’s data, falling US dollar and yields
The Australian dollar rallied to three-week high on Wednesday, boosted by weaker dollar and US yield, while Kiwi dollar’s rally on unchanged RBNZ and strong improvement in Australia’s consumer sentiment, additionally supported the currency.…
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Euro extends advance on weaker dollar, eyes key 1.20 resistance zone
The Euro hit new high in nearly one month in early European trading on Wednesday, lifted by weaker dollar after data on Tuesday showed that inflation in the US is picking up but is not going to alter current fed’s policy of keeping…
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US inflation rose solidly in March but the dollar was sold as investors expected stronger rise
The dollar fell against its major counterparts after data showed US inflation ticked above expectations in March.
Monthly consumer price index rose by 0.6% in March, the largest gain since August, from 0.4% previous month and slightly…
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Larger bulls to remain intact above pivotal Fibo support
The pair stands at the back foot in early Tuesday’s trading, but near-term action remains within congestion that extends into fourth consecutive day.
Pullback from new one-year high at 110.96 (Mar 31) found footstep at 108.99 (Fibo 23.6%…
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UK economy expanded in February as businesses prepare for easing of restrictions
Britain’s economy expanded by 0.4% in February, missing forecast for 0.6% rise, but showed strong improvement compared to January’s upwardly revised contraction from -2.9% to -2.2%, as businesses were preparing for the lifting of a third…
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Gold price eases after recovery stalled at key barrier; US CPI eyed for fresh signals
Spot gold holds in red for the second straight day and extends lower after bulls failed to register a clear break above key barrier at $1755 (Mar 18 high) and generate initial signal of double-bottom formation.
Elevated US Treasury yields…
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Bulls pause under massive daily cloud ahead of UK GDP
The cross is consolidating after last week’s 2% rally, as bulls faced strong headwinds at the base of thick falling daily cloud (0.8670)
Repeated penetration into cloud failed to register a close within the cloud and it’s unlikely that…
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Dollar gained traction after the worst week in 2021 but 200DMA caps for now
The dollar extends consolidation above 2 ½ week low after bears were sidelined by stronger than expected US producer price data that improved the mood.
Lower Treasury yields kept the greenback under pressure last week which resulted in the…
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