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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Bitcoin – strong bounce retraces over 50% of last week’s 12% drop
Bitcoin extends strong bounce from new multi-week low ($60227), recovering over 50% of last Fri/Sat almost 12% fall and sidelining downside threats for now.
Fresh rally emerged above thick daily cloud, with close above cloud top ($64710)…
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USDJPY resumes rally after a brief pause
USDJPY resumes uptrend on Monday, after a brief pause last Thu/Fri and hit new multi-decade high, just ticks ahead of 154.00 round-figure barrier.
Bulls hold grip despite increased pressure from overbought studies, with last week’s close…
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Gold – sharp pullback from new all-time high warns that bulls might be losing traction
Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading.
Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe…
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GBPUSD – break of pivotal supports sparks fresh acceleration lower
Cable fell to the lowest in nearly five months on Friday, following fresh bearish acceleration through psychological 1.2500 support and Fibo level at 1.2465 (50% retracement of 1.2037/1.2893 uptrend.
Breach of a multi-month range floor…
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