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Gold prices rebound with buyers capitalizing on dip as geopolitical tensions ease
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying. US Durable Goods Orders were solid, but expectations for Fed
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EUR/JPY Price Analysis: Bulls continue dominating, yet a consolidation may be incoming
The daily RSI reveals increasing buying momentum, yet nearing overbought conditions hint at a potential technical correction ahead. The hourly chart indicates a shift in short-term momentum towards sellers, and indicators consolidate. The EUR/JPY stands at 165.68, trading with mild gains still in mu
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Eurozone Preliminary Manufacturing PMI drops to 45.6 in April vs. 46.5 expected
Eurozone Manufacturing PMI fell to 45.6 in April, missing 46.5 consensus. Bloc’s Services PMI climbed to 52.9 in April vs. 51.8 forecast. EUR/USD eases from near 1.0700 after German, Eurozone PMI data. The Eurozone manufacturing sector activity contraction unexpectedly deepened while the services se
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Trading the week ahead [Video]
This week's economic calendar is poised to provide several notable trading opportunities. We kick off with a focus on the divergence between the US and Canadian economies, highlighted by recent jobs data that boosted the US dollar while putting pressure on the Canadian dollar, creating a favourable
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Geopolitical conflict threatens yet another shipping choke point
Global shipping routes are already heavily impacted from the Red Sea to the Gulf of Aden because of ongoing geopolitical strife. If the Strait of Hormuz is in any way disrupted, the impact on oil and global trade could be huge. It's a stark fact: more than 80% of global goods trade is transported by
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EUR/USD: Euro on defense mode but geopolitical risk could put the 1.0600 under challenge
The single European currency tries to react in the early trading hours of the new week and defend the level of 1,06 after Friday's sharp losses. Last week ended with significant losses for the European currency as hot inflation in the United States and heightened geopolitical concerns drove the US d
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Pull-up Update