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The Euro exhibits a positive trend, edging up early Thursday following Wednesday's 0.5% rebound from a recent multi-month low. However, further evidence is required to confirm the initial reversal signal, especially considering the…
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Thursday saw another drop in WTI oil prices, extending the previous day's 3% decline, marking the second largest daily loss of 2024 and reaching a new three-week low. The unexpected increase in US crude inventories, as reported by the…
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Eurozone inflation took a further dip in March, aligning neatly with forecasts and reinforcing speculation about a potential interest rate cut by the European Central Bank (ECB) in June. The inflation rate in the euro area slipped to…
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Following a significant pullback of $100 per ounce from its recent peak, gold has once again approached the psychological threshold of $2400. Market sentiment remains largely positive, buoyed by ongoing geopolitical tensions and concerns…
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British inflation decelerated less than anticipated, reaching a two-and-a-half-year low of 3.2% year-on-year in March, a slight drop from February's 3.4% surge. However, it surpassed the forecasted 3.1%, primarily attributed to a slowdown…
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The pound saw a rebound from its recent five-month low during early Wednesday trading, spurred by March's UK inflation figures surpassing expectations. This unexpected rise in inflation alleviates pressure on the Bank of England (BoE) to…
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China's economy showed stronger-than-anticipated growth in the first quarter, providing a glimmer of hope for officials grappling with ongoing challenges in the property sector and local government debt. The…
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On Tuesday, USD/JPY edged closer to the 155.00 barrier, marking its fifth consecutive day of bullish momentum. The dollar continues to capitalize on upbeat signals regarding the robustness of the US economy, potentially delaying any…
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April brought a pleasant surprise for German investors as morale soared beyond expectations, marking its highest point in more than two years, according to the latest report from the ZEW economic research institute. The ZEW economic…
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EURUSD rose slightly from its recent 5 ½ month low of 1.0602 on Tuesday, driven by profit-taking as daily indicators signaled oversold conditions. Short-term sentiment has turned overwhelmingly bearish, influenced by a significant weekly…
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