Gold steadies near $2400 barrier
Gold regained traction after a $100 per ounce pullback from new record high last week and pressuring again psychological $2400 barrier.
Overall sentiment remains positive as geopolitical tensions and fears that the conflict in the Middle…
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UK inflation slows less than expected in March but remains on the path towards 2% target
British inflation slowed by less than expected to a two-and-a-half-year low of 3.2% year on year in March, down from a 3.4% increase in February, but ticked above 3.1% forecast, with slowdown in food prices seen as the main contributor to…
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Sterling benefits from slightly higher than expected UK CPI
Cable bounces from new five-month low in early Wednesday, following higher than expected UK inflation in March, which eases pressure on BoE to start cutting interest rates as early as next month and inflates pound.
Overall technical…
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USDJPY approaches 155 barrier, the zone of potential Japan’s intervention
USDJPY neared 155.00 barrier on Tuesday, as the latest bullish acceleration extends into fifth straight day.
The dollar continues to benefit from growing signals about the strength of the US economy which may further delay the start of…
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German investor morale rises to the highest level in two years – ZEW
German investor morale improved well above expectations in April, reaching the highest level in more than two years, the ZEW economic research institute’s report showed.
The ZEW economic sentiment index rose to 42.9 points in April from…
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China’s economy grew above expectations in Q1
China's economy grew faster than expected in the first quarter, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.
The world’s…
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EURUSD – limited consolidation to precede fresh push lower
EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking.
Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down…
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Dollar index hits five-month high as strong US data raise doubts about rate cuts
The dollar continues to strengthen against its major peers, extending the steep upleg into fifth straight day and posting new five month high in early Tuesday.
The latest economic data from the US showed stronger than expected rise in…
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AUDUSD – recovery attempts stall after solid US data
Monday’s recovery attempt after the pair fell by 1.1% on Friday, was limited and likely short-lived, as renewed risk appetite on easing fears about escalation of the conflict in the Middle East, was offset by better than expected US retail…
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US retail sales increased more than expected in March, adding to a brighter outlook for Q1
US retail sales increased above expectations in March, adding to signals that the economy performed well in the first three months of 2024.
Retail sales rose 0.7% month on month in March, against 0.9% in February, revised higher from…
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