US economic growth slows significantly in Q1 inflation rises above expectations
The latest report from the Commerce Department reveals a significant slowdown in the US economy's growth pace, attributed partly to a widening trade deficit driven by increased imports to meet strong consumer demand. Despite this, an uptick…
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AUDUSD – extended recovery attacks key resistance zone again
Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day.
Fresh strength offsets for now bearish signal on formation of daily inverted hammer…
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USDJPY – eventual break of 155.00 barrier unmasks 160 target
USDJPY hits new multi-decade highs, following eventual break of key 155.00 zone, where the action was capped in anticipation of intervention from Japanese authorities at these levels.
Fading intervention fears unleashed bulls which now…
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Gold remains constructive above $2300; key US data eyed for fresh signals
Gold price is trading within a narrow range on Wednesday, following nearly 3% drop in past two days, which cracked psychological $2300 support, but failed to sustain break lower, contained by daily Kijun-sen ($2289)
Tuesday’s action…
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German business sentiment improves more than expected in April – Ifo report
German business morale improved more than expected in April, Ifo survey showed on Wednesday.
The Ifo institute said its business climate index rose to 89.4 compared with 87.9 in March and beat forecast at 88.9.
April’s increase marks…
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Australia inflation slowed less than expected in Q1, hurting rate cut expectations
Australian consumer price inflation moderated less than expected in the first quarter, largely due to persistent pressures on service costs, which disappointed policymakers. Here's a summary of the recent developments:
The Australian…
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US business activity slows in April – PMI
The data released on Tuesday indicate a cooling of business activity in the US, reaching a four-month low due to weakened demand.
Despite this, there's a slight easing in inflation rates, offering a potential relief as the Federal Reserve…
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Cable bounces after solid data / hawkish BoE
Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more…
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FTSE100 hits new record high
FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day.
Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising…
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BTC/USD -slight bullish bias above daily cloud, but stronger direction signals still needed
Bitcoin is consolidating in early Tuesday, after advancing 2.8% on Monday and remains constructive as the latest jump has generated positive signal on a marginal close above important barriers at $66144 (50% retracement of $72750/$59538)…
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