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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Gold falls 2% on fading safe haven demand
Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation.
Traders partially collected profits after gold repeatedly failed to sustain gains above…
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EURGBP rallies for the second day as dovish comments from BoE officials deflate pound
EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain…
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Crude Oil – Bears regain control as fears of conflict escalation fade
WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked ty Israel’s attack on Iran.
The sentiment changed quickly to negative on fading signals of escalation of the…
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Break of key Fibo level adds to strong bullish stance but 155 still marks significant barrier
USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone.
Technical picture on daily and weekly chart remains…
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Gold spikes above $2400 again as deteriorating geopolitical situation boosts demand
Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday.
Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, near-term…
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Solid US data lift dollar but risk of deeper correction exists
The dollar regained traction on Thursday, lifted by solid US economic data (weekly jobless claims matched last week’s figure and Philadelphia Fed manufacturing index surged to two year high in April, strongly beating previous release and…
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