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AUD/USD outlook: Extended recovery attacks key resistance zone again
AUD/USD Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day. Fresh strength offsets for now bearish signal on formation of daily inverted hammer candlestick on Wednesday, left after upside rejection and s
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Meta takes a guidance slide amidst the battle between yields and earnings
Wednesday saw a back-and-forth session for traders grappling with the challenge of rising US yields amid encouraging earnings reports. However, late-hours trading witnessed a downturn in the S&P 500 as major tech stocks, including Meta Platforms Inc., experienced a sell-off. Meta's disappointing
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Sensex, Nifty Likely To Open Lower As Meta Outlook Disappoints
Indian shares look set to open lower on Thursday, tracking weak cues from global markets and ahead of the expiry of April series derivative contracts. Tech stocks may come under selling pressure after Meta Platforms disappointed investors with forecasts of higher expenses and lighter-than-expected r
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EUR/GBP depreciates to near 0.8600 after mixed Eurozone and UK PMI figures
EUR/GBP received downward pressure after the mixed UK PMI data released on Tuesday. ECB Vice President Luis de Guindos stated that the central bank plans to lower interest rates in June. UK Services PMI improved to 54.9 in April, against the expected 53.0 and 53.1 prior. The EUR/GBP cross pared its
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USD/CHF remains below 0.9100 on the subdued US Dollar, awaits Fedspeak
USD/CHF trims daily losses on expectations of de-escalating the Israel-Iran situation. An Iranian official stated there is currently no immediate plan for retaliation against the Israeli airstrikes. The US Dollar may gain ground on higher US Treasury yields as Fed officials conveyed hawkish messages
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How to Download JRFX Stock Forex Gold Trading Platform
In today's fast-paced financial markets, having access to a reliable and user-friendly trading platform is essential for investors looking to capitalize on opportunities and execute trades efficiently. JRFX offers a cutting-edge trading platform designed to meet the diverse needs of traders worldwid
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Asian Shares Mixed; Chinese Markets Rally On Recovery Hopes
Asian stocks ended mixed on Wednesday, with mainland Chinese stocks posting strong gains after GDP data for the first quarter beat expectations. Japanese markets led losses to end lower for a third day running due to concerns over rising bond yields and heightened tensions in the Middle East. Uncert
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EUR/GBP seems vulnerable around 0.8530 despite weak UK Employment data
EUR/GBP sees a downside below 0.8530 as the ECB is expected to begin reducing interest rates from August. Eurozone core CPI has consistently declined in the last eight months. The Pound Sterling holds strength against the Euro despite poor UK labor market data. The EUR/GBP pair struggles to hold an
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US Dollar exhibits remarkable strength amid global tensions
The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of persistently high interest rates in the US and escalated conflicts in the Middle East. The US dollar appre
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