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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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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