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- Japan’s Inflation Accelerates in March, Increasing Pressure on the BOJ
- Crude Oil – Solid Weekly Rally Signals Rebound, but Weak Demand Outlook Weighs on Sentiment
- Dollar Index – Tight consolidation expected before fresh drop, with 100 level acting as key barrier
- China’s GDP expanded more than expected in the first quarter, offering a stronger-than-anticipated start to the year, even as markets brace for the economic impact of newly imposed U.S. tariffs
- Gold surges to a fresh all-time high, breaking above $3300
- AUDUSD extends its rally for a fifth consecutive session, approaching key resistance levels
- German investor sentiment dropped in April at its sharpest rate since early 2022, according to the latest ZEW survey
- GBP/USD – Bulls retest the 1.3200 level while monitoring UK data for additional cues
- Dollar Index — Modest Rebounds Likely Before Renewed Downside Move
- The safe-haven Swiss franc hits its highest levels in a decade against the US dollar as the trade war escalates
Gold remains range-bound, awaiting US inflation data for new direction signals
Gold starts the week on a weaker note following Friday's 0.8% drop, closing below the $2500 mark. The decline was driven by Friday's US labor data, which showed lower-than-expected job growth, but a surprising drop in the unemployment rate…
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US job growth picked up pace in August but fell short of expectations – Nonfarm Payrolls (NFP)
Today’s NFP report, the most crucial of several US labor sector releases this week, revealed that nonfarm payrolls increased by 142,000 jobs in August, below the expected 164,000 rise and following a downward revision of July’s figure from…
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German industrial production unexpectedly declines in July, raising concerns over a potential…
German industrial production dropped by 2.4% in July, following an upwardly revised 1.7% increase in June, far exceeding the expected 0.4% decline and tempering hopes for economic recovery.
The data, released on Friday, dampened optimism…
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Bitcoin – Bears strengthen their hold, reinforcing emerging reversal signals
BTC/USD is hovering near a one-month low early Friday, marking its fourth consecutive day in the red and heading for a second weekly loss.
Signs of a potential reversal pattern are emerging on the weekly chart, with a series of lower…
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GOLD – Bulls regain momentum as focus shifts to US jobs data for short-term direction
Gold surged on Thursday, gaining around 0.85% and recovering most of its recent pullback from the new all-time high of $2531. The decline found strong support at the $2470 level, where a higher base is forming.
The precious metal remains…
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USD/JPY drops to a one-month low as market sentiment worsens ahead of this week’s key economic…
USD/JPY continues to trend lower, hitting a fresh one-month low on Thursday, driven by expectations of a Federal Reserve rate cut and the diverging policies between the Fed and the Bank of Japan (BoJ). While the Fed is moving toward its…
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U.S. job openings unexpectedly declined in July, according to the JOLTS report
The latest data on U.S. job openings reveals a notable slowdown in the labor market, with openings falling to 7.673 million in July, the lowest level in three and a half years. This decline, coupled with a downward revision of…
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Gold: Preparing for a deeper correction or setting up for a fresh rally? All eyes on the U.S. labor…
Gold prices continued to decline on Wednesday, following the loss of the key psychological support level at $2,500, signaling the potential for a deeper pullback.
The drop below the 20-day moving average (DMA) at $2,489…
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WTI oil price drops below $70, reaching a new low for 2024
Oil prices continued to decline on Wednesday, falling below the key psychological level of $70 after a 5% drop on Tuesday. The WTI contract hit a new low for 2024, fueled by mounting concerns over global oil demand, exacerbated by Tuesday’s…
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U.S. manufacturing improved in August, but the overall outlook remains weak
The U.S. manufacturing sector showed slight improvement in August, with the Institute for Supply Management (ISM) manufacturing PMI rising to 47.2, up from July’s eight-month low of 46.8. However, the PMI remains below the critical 50…
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