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- EUR/GBP – Temporary Recovery Likely Before Bears Resume Control
- NZD Surges on Hawkish RBNZ Rate Hike but Struggles to Sustain Gains
- Brent Crude Surges More Than 4% Amid Escalating US-Iran Tensions
- AUD/USD – Recovery Faces Strong Headwinds at Initial Fibonacci Resistance
- GBP/USD – Recovery Meets Strong Resistance Near the Key 1.3400 Barrier
- USD/JPY – Uptrend Resumes After Limited Correction, Focus Returns to Long-Term Peak
- EUR/GBP – Broader Bearish Trend Poised for a Pause
- Eurozone Inflation Slows More Than Expected in June, Reducing Pressure on ECB to Tighten Policy Further
- EUR/USD Recovery Stalls Below 10-DMA as ECB Rate-Hike Expectations Fade
- Japan’s Yen Slides to a Four-Decade Low as Authorities Refrain from Intervention Despite Firm Warnings
Gold Holds Firm Around $2400 Threshold
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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UK Inflation Moderates Slightly in March, Falling Short of Expectations but Maintaining Progress…
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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Sterling gains from UK CPI surpassing expectations by a small margin
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 Q1 Economic Growth Surpasses Forecasts
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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USD/JPY Nears 155 Mark, Triggering Concerns of Possible Japanese Intervention Zone
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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German Investor Confidence Reaches Two-Year Peak
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: Limited Consolidation Expected Before Further Downward Movement
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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Dollar Index Surges to Five-Month Peak Amidst Robust US Data, Sparking Rate Cut Speculation
The dollar's upward momentum persisted for the fifth consecutive day, reaching a new five-month high early on Tuesday against major currencies.
The latest US economic data revealed a stronger-than-expected increase in retail sales,…
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March Sees Surprising Surge in US Retail Sales, Brightening Q1 Outlook
In March, US retail sales exceeded projections, adding to the indication of a robust performance for the economy in the initial quarter of 2024.
Marking a notable increase, retail sales escalated by 0.7% month-on-month in March,…
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Bitcoin: Robust Rebound Recovers More Than 50% of Last Week’s 12% Decline
Bitcoin has bounced back strongly from its recent multi-week low of $60,227, reclaiming over 50% of the almost 12% drop seen last Friday and Saturday. This bounce has temporarily mitigated downside threats.
The latest rally has pushed…
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