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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
EUR/USD – The post-French election rally has so far been capped by a thickening daily cloud.
EUR/USD opened with a gap higher and rose to a three-week high in early European trading on Monday, boosted by the results of the first round of the French parliamentary election.
The rally was capped by the base of a…
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GBP/JPY Reaches New Multi-Year High
GBP/JPY continues its unobstructed uptrend, hitting a new multi-year high (the highest since 2008) early Monday.
The pair has extended its steep ascent for the eleventh consecutive day, following its sixth straight monthly gain in June.…
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GBP/USD – Initial signs of a reversal are emerging above the thickening daily cloud on the daily…
GBP/USD edged higher in European trading on Friday ahead of the release of US inflation data, the key economic event of the day. The better-than-expected UK Q1 GDP numbers also contributed to the improving sentiment.
The…
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The British economy grew beyond expectations in Q1
Recent data indicates that the UK's GDP growth of 0.7% in Q1 2024 exceeded expectations and marked an exit from recession. Despite this positive economic performance, broader economic conditions remain fragile due to low long-term…
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The dollar index retreats from its recent multi-week high due to US data and warnings of potential…
The dollar index declined on Thursday following slightly better-than-expected US economic data and warnings from Japanese authorities about possible action against the yen's sharp decline.
The US economy grew by 1.4% in Q1, exceeding the…
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Silver prices may decline further if pivotal support levels are breached, but a period of…
In the near term, silver remains in a bearish trend, breaking the initial pivot at $28.65 (June 13 low) and putting pressure on other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51 and daily cloud base,…
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USD/JPY tests the 160 barrier once more, reaching new multi-decade highs.
On Wednesday, USD/JPY reached a new multi-decade high, climbing above 160, as bullish momentum regained control following a two-day consolidation.
The fresh move above the psychological 160 barrier indicates strong bids,…
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Gold retreats as Fed’s hawkish comments weigh; market awaits US GDP and inflation data
Gold prices fell to a one-week low on Wednesday, driven down by recent hawkish remarks from Fed policymakers.
The US central bank intends to tackle inflation by maintaining the policy rate unchanged for the…
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The Australian dollar jumps nearly 1% against the New Zealand dollar following the release of…
The Australian dollar surged 0.9% against the New Zealand dollar on Wednesday morning, driven by renewed hawkish signals suggesting the RBA may consider a rate hike next month. This followed Australia's…
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Australian Dollar Surges on Strong Inflation Data
The Australian dollar climbed 0.6% early Wednesday, buoyed by higher-than-expected inflation figures. The inflation rate for May rose to 4.0%, compared to 3.6% in April and surpassing the forecast of 3.8%, marking the highest…
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