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Gold price falls sharply as Middle East tensions ease
Gold price drops as investors see no immediate escalation in Israel-Iran tensions. Fizzling Fed rate cut prospects combined with easing geopolitical fears weigh on Gold. Fed’s Goolsbee said progress in taming inflation has stalled. Gold price (XAU/USD) dips vertically after failing to recapture the
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GBP/USD drops after mixed UK retail sales, risk aversion
GBP/USD falls 0.48% to 1.2376, influenced by rising geopolitical risks and statements from major central banks. Bank of England's Deputy Governor comments on inflation risks fail to support Sterling as it hits new lows. Mixed economic data from the UK with stagnant retail sales in March, contrasting
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Mexican Peso struggles amid geopolitical tensions despite recording solid Retail Sales
Mexican Peso dips to six-month low, reacting sharply to the geopolitical conflict between Israel and Iran. Retail Sales in Mexico show improvement, offering some support and reducing losses in USD/MXN from earlier peaks. Banxico Deputy Governor Galia Borja comments on the ongoing challenge to reach
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DAX Edges Lower On Mideast Escalation Fears
German stocks traded notably lower on Friday as investors reacted to hawkish comments from Federal Reserve officials and signs of escalating tensions in the Middle East, with Iran downplaying Israel's retaliatory attack. In economic releases, Germany's producer prices continued to decline in March,
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Elliott Waves on Dax: Drop looks overlaping, price may stabilze
DAX moved to the downside, breaking out of a consolidation, potentially down from another B wave, which might have been triangle around the 17,800 area. This movement could represent the final thrust out of this contracting range, indicating that there might still be potential for stabilization. We
Pull-up Update