Euro keeps firm tone ahead of key economic events
The Euro stands at the front foot on Monday following Friday’s advance which closed above the cluster of converged daily moving averages (200 / 10 / 100 DMA’s) and formation of bullish engulfing pattern, but bulls continue to face headwinds…
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Bitcoin resumes rally after a mild consolidation, record high in focus
Bitcoin advanced over 4% during early trading on Monday, signaling bullish continuation after a brief consolidation in past few sessions.
Fresh rise above 65000 (the highest since November 2021) confirms very strong bids and very low…
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Gold rises further after rallying 2% on Friday
Gold keeps firm tone and trading near new two-month high at the start of the week, after rallying 2% on Friday, in the biggest daily advance since Dec 13.
The yellow metal surged after markets got a clearer picture about the US rate…
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Activity in US manufacturing sector slowed further in February – PMI
The US ISM Manufacturing Purchasing Managers' Index (PMI) fell to 47.8 in February from 49.1 in January, marking the 16th consecutive month below the 50-point threshold, indicating a contraction in manufacturing., the longest since the…
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Oil price rises ahead of expected OPEC+ production cut extension
WTI oil price rose around 1.7% on Friday, in the biggest daily advance this week, as the sentiment turned positive on expectations that OPEC+ group will extend its production cut in the second quarter.
The decision will be announced in…
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Eurozone consumer prices ease less than expected, core inflation remains elevated
Eurozone inflation dropped to 2.6% in February from 2.8% the previous month, missing expectations of 2.5%.
Core inflation, excluding volatile components like food and fuel, only slightly decreased to 3.1% from 3.3%, remaining above the…
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China’s factory activity continues to contract but solid numbers in services sector brighten…
China’s manufacturing purchasing managers' index (PMI), fell to 49.1 in February from 49.2 previous month, remaining below the 50 level which separates growth from contraction for the fifth consecutive month.
February’s release was in…
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US inflation rises in line with expectations in January – PCE
The US personal consumption expenditures (PCE) price index rose 0.3% in January, in line with expectations, but up from December’s downwardly revised increase by 0.1%.
Annualized figure showed that PCE inflation rose 2.4% in January, in…
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Bitcoin express continues to travel at a high speed but some profit-taking in the near future cannot…
Bitcoin keeps firm tone and trading just under new highest in over three years on Thursday, as steep rally extends into fourth straight day.
Bitcoin was a top market performer in past few sessions, advancing about 36% since Monday, after…
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German unemployment rises above expectations in February
The number of unemployed people in Germany grew by 11K in February to 2.71 million, compared to 2K drop previous month and strongly beating expectations for rise by 6K.
The unemployment rate rose to 5.9%, the highest since June 2021, up…
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