Sterling eases on firmer dollar / profit-taking
Cable was sold in early European trading on Friday, as pound came under pressure from signs that City was hit worse than expected by Brexit that prompted traders to collect profits from four-day rally.
Some 440 financial firms in Britain…
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US retail sales surge to the highest in eleven months
The US retail sales increased 9.8% in March, in the strongest jump since May 2020, heavily beating forecast for 5.9% increase and showing strong rebound from last month’s upwardly revised -2.7% figure.
Government’s additional pandemic…
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Oil prices hit one-month high on improved demand outlook, further fall in crude stocks
WTI oil is consolidating just under new one-month high ($63.44) on Thursday, following 3.8% advance on Wednesday, the biggest one-day rally since Mar 24.
Improved forecasts for global oil demand by the International Energy Agency and…
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Dollar index falls to one-month low but bears may take a breather
The dollar holds in red against its major counterparts for almost two weeks and hit one-month low on Thursday.
Falling US Treasury yields and signals that the US central bank will keep ultra-low interest for some time, despite recent…
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Bulls lose steam at 1.3800 resistance zone
Fresh bulls off 1.3670 support are struggling at 1.3800 zone as Wednesday’s candle with long upper shadow and failure to close above daily Tenkan-sen (1.3794) signal that three-day rally might be running out of steam.
South-heading…
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China’s economy is expected to grow by record 19% in Q1
China’s economy is expected to accelerate recovery from pandemic slump last year and expand at record pace in the first quarter of 2021.
Economists see Q1 GDP growing 19% from 6.5% growth in the last quarter of 2020, driven by strong…
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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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