Colclough
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Gold Price Forecast: XAU/USD reaches to all-time highs near $2,230, US PCE eyed
Gold price appreciates on market bias towards rate cuts possibility by major central banks in 2024. Investors expect three rate cuts from the US Federal Reserve (Fed) in the coming months. Investors await the US PCE report to gain additional insight into the Fed’s interest rates trajectory. Gold pri
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USD/CHF snaps the two-day losing streak above 0.9000 ahead of US PCE data
USD/CHF holds the positive ground around 0.9025 on the firmer US Dollar. The high-for-longer US rate narrative might boost the Greenback against the CHF. SNB’s Schlegel said the SNB will monitor the FX rate closely and intervene if necessary. The USD/CHF pair snaps the two-day losing streak near 0.9
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FLOW OF BUSINESS TRANSACTIONS (EXPLANATION)
The flow of business transactions refers to the sequence of events that occur when a business engages in various financial activities. These activities involve the exchange of goods, services, or money, and they are recorded and classified in the accounting system. Here's an overview of the typical
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GBP/USD trades sideways above 1.2600 amid quiet session
GBP/USD trades on a flat note near 1.2622 in Friday’s early Asian session. The UK GDP contracted by 0.3% QoQ in Q4 2023, unchanged from preliminary estimates. The final US Q4 GDP expanded 3.4% against the previous estimate of 3.2%, better than expected. The US February Core PCE will be the highlight
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Labor market show continued strength, while progress in reducing inflation has slowed
Markets German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation eases. German yields de
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Silver Price Analysis: XAG/USD languishes near two-week low, seems vulnerable to slide further
Silver drops to a two-week low on Wednesday, albeit manages to hold above the 38.2% Fibo. The mixed technical setup warrants some caution before positioning for any further downfall. Any attempted recovery might confront a stiff barrier and remain capped near the $25.00 mark. Silver (XAG/USD) oscill
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EUR/USD nudges closer to 200-DMA amid weak US Dollar
EUR/USD approaches the critical 200-day moving average, reflecting a cautious optimism in currency markets. Mixed Fed views and weaker US housing data contrast with ECB optimism on inflation and potential rate cuts. Upcoming US Durable Goods Orders and Consumer Confidence figures, to update economic
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Pull-up Update