US job growth slows more than expected in April – NFP
The latest data on US job growth in April shows a slowdown in the pace of hiring, with nonfarm payrolls increasing by 175,000 jobs, compared to an upwardly revised figure for March. While this figure fell short of expectations, it's still…
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Crude oil on track for a weekly loss of over 5%, weighed by demand concerns
WTI oil price is consolidating for the second straight day after a sharp fall earlier this week, but keeps firm bearish bias below broken psychological $80 level.
Oil is on track for the biggest weekly drop (around 5.6%) in more than…
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EURUSD – bulls hold grip and pressure pivotal barriers; US labor data eyed for fresh signals
The Euro keeps firm tone and extends gains into third consecutive day, pressuring key resistances at 1.0750 zone (50% retracement of 1.0885/1.0601 / daily Kijun-sen).
Firm break here to generate fresh bullish signal for extension of the…
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Eurozone factory activity weakened further in April – PMI
The recent report on manufacturing activity in the eurozone paints a mixed picture, with overall conditions deteriorating despite some pockets of improvement.
In April, manufacturing activity across the euro zone declined further due to…
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EURGBP – thin daily cloud provides a lot of headwinds and keeps risk of recovery stall
Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure.
Technical picture on daily chart is bearishly…
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Fed leaves rates unchanged as expected, but warns about elevated inflation
The US Federal Reserve kept interest rates unchanged at policy meeting which ended on Wednesday, as widely expected and signaled it is still leaning towards eventual reductions in borrowing costs, but warned about recent hotter than…
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Bitcoin – increased bearish pressure after a loss of pivotal 60K support zone
Bitcoin fell to the lowest since Feb 27 on Wednesday, as fresh acceleration lower extends into third straight day, boosted by fading bets for the start of Fed rate cuts in the near future.
Monday’s break and close below daily cloud base…
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US private payrolls rise above expectations in April – ADP
The latest ADP Employment report indicates a stronger-than-expected increase in private payrolls, with 192,000 jobs added in April, surpassing forecasts and maintaining momentum into the second quarter. The data suggests that the labor…
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Fed is widely expected to hold rates steady as elevated inflation continues to fade rate cut…
The US Federal Reserve ends its two-day policy meeting today with a new statement and comments from the central bank’s Chair Jerome Powell expected to give clearer sense of how recent disappointing inflation readings have changed the…
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Crude oil price continues to trend lower and pressure key support zone
WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories.
Also, stubbornly high US inflation continues to cool rate cut expectations…
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