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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
The USDCHF climbs to its peak in nearly five months.
The USDCHF surged to its highest level in almost five months, extending its upward trajectory within a broader bullish channel and reaching a new multi-week peak on Wednesday, marking its highest point since November 2nd.
Bullish…
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Warning of Strong Intervention Issued as USDJPY Surges to New Multi-Decade High
During the Asian session on Wednesday, USDJPY climbed to a slightly higher multi-decade high of 151.97, indicating a persistent bullish trend as the US dollar gained momentum from favorable US data released on Tuesday.
The bullish…
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Gold is once again testing the $2200 mark as demand for safe-haven assets sees a resurgence.
The price of gold saw a significant rise on Tuesday, pushing towards the psychological barrier of $2200. This surge was fueled by a weakening dollar amidst growing optimism regarding potential rate cuts by the Federal Reserve, coupled with…
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GBPUSD is seeing bullish momentum gather pace following a double rejection at the 200-day moving…
The British Pound is showing resilience in early Tuesday trading, buoyed by upbeat UK data from Monday and diminishing expectations of a rate cut by the Bank of England in May.
The recent upswing has been supported by a double bounce off…
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Bullish Momentum in USDJPY Remains Strong Post Consolidation
Following a robust rally over the past couple of weeks, the USDJPY pair is currently undergoing a period of consolidation just below critical resistance levels at 150.90/94, corresponding to the highs of 2023/22.
The surge in USDJPY can…
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Gold prices rise but pinned below record highs as dollar strength persists
Gold prices saw an uptick in Asian trading this Monday, yet they lingered beneath their recent peak levels due to the ongoing dominance of the dollar. The strength of the dollar exerted significant pressure on metal markets, keeping gold…
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Oil Stabilizes as Momentum Grows for a Ceasefire in Gaza
Oil steadied on Friday with Brent crude hovering above $85 a barrel, as the likelihood of a ceasefire in Gaza gained momentum.
Brent crude futures fell two cents to $85.76 a barrel by 1017 GMT, while U.S. West Texas Intermediate (WTI)…
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Gold prices retreated from their recent peak
On Friday, gold prices continued to decline, extending their pullback from the new record high of $2222 reached on Thursday, following a strong rejection upon testing the psychological barrier of $2200.
The precious metal faced increased…
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March PMI Indicates Slight Improvement in Euro Zone Business Activity
In March, there were signs of slight improvement in Euro zone business activity, as indicated by the Purchasing Managers’ Index (PMI). Although the recovery was uneven, with services activity accelerating while the manufacturing sector…
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USDCHF Hits 4-Month High After SNB Rate Cut Dampens Swiss Franc
The USDCHF surged by 1% during the early European session on Thursday, spurred by the Swiss National Bank's unexpected decision to slash interest rates by 25 basis points. Market expectations had leaned towards the central bank maintaining…
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