Breaking: US Durable Goods Orders fell 14.4% in March, overshooting forecast for 11.9% drop
US durable goods orders fell 14.4% in March, beating -11.9% forecast and hitting the lowest since Sep 2009.
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Recovery shows signs of stall at $18 zone, keeping the downside vulnerable
WTI oil fell about $2 on Friday after two-day recovery stalled at $18 zone (Fibo 38.2% of $36.27/$6.52 / daily Kijun-sen).
Oil price rose on fresh optimism on already agreed OPEC+ 9.7 million bpd production cut and signs that main oil…
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Euro dips through key supports as German business climate hit the record low
The Euro holds in red for the fifth straight day and extends weakness on Friday after German data showed that business morale in EU’s largest economy crashed in April and hit its lowest in history.
Rising US dollar on strong safe-haven…
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Fresh weakness after weak UK retail sales data probes below daily cloud
Cable edged lower on Friday as dollar remain firm on safe-haven demand and much weaker than expected UK retail sales in March added to negative tone.
Bears emerged after Thursday’s Doji with long upper shadow which signaled indecision and…
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Breaking: dollar rises to nearly one week high against Japanese yen
The dollar jumped to nearly one week high vs yen on report that BoJ is considering increasing amount of commercial paper and corporate bond purchases
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Fresh demand for yen increases pressure on USDJPY pair
The pair fell to the lower side to a week-long congestion, pressured by fresh demand for safe-haven yen and fall of EURJPY (cross dropped to new three-year low on Thursday) on weaker euro after disappointing European PMI data.
Near-term…
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Oil price in recovery mode but stronger positive signal could be expected on regain of $20 level
WTI oil price remains in green on Thursday and attempts to extend recovery from the record low posted after Tuesday’s crash.
Signs that producers are cutting output in reaction to collapsed demand on coronavirus lockdown and…
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Sterling remains at the front foot despite weak UK data and looks for recovery extension
The British pound stayed afloat above 1.2300 round-figure support and bounced towards Wednesday’s recovery high at 1.2385, showing minimal negative reaction on significantly weaker UK PMI data for April (Manufacturing 32.9 vs 42…
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