StanleyC
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The commodities feed: Middle East tensions ease
The oil market traded little changed in the early trading session today as part of a broader risk-off move across markets. Meanwhile, the LME aluminium tom-next spread surged to the highest level since May 2021, with on-warrant stocks falling to record lows sending supply jitters to the market. Ener
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ECB's Nagel: Need to be convinced inflation is heading back to target before cutting rates
"Before cutting interest rates, we must be convinced based on data that inflation will actually reach our target in a timely and sustained manner," European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Tuesday. "If the favourable inflation outlook from March is confirmed
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AUD/USD Price Analysis: Despite signs this is probably not a bullish reversal
AUD/USD is showing technical bullish reversal signs. The question is, are they enough to indicate a chance of a reversal of the trend? Daily, 4-hour and Weekly charts are analyzed to weigh up the evidence. “The trend is your friend,” traders like to say, and AUD/USD is in a downtrend overall. At the
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Silver Price Analysis: Silver price in steep sell-off after touching top of four-year range
Silver price is declining after touching the top of a four-year consolidation range at roughly $30.00. XAG/USD has fallen to $27.00 and could decline further with support not materializing till $26.00. Silver (XAG/USD) price has continued to sell-off after being rejected by the top of a long-term ra
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Gold price slides even without Dollar’s help
Gold slides once again today, proving that yesterday’s $67 slide was not accidental. Recent trends in Gold and USD index And it’s happening without a rally in the USD Index. So, yes, the price of the yellow metal can indeed move also down, not only up. And since the medium-term trend in junior minin
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Poland Retail Sales Growth Stable At 6.1%
Poland's retail sales expanded at a steady pace at the end of the first quarter, figures from Statistics Poland showed on Tuesday. At constant prices, retail sales climbed 6.1 percent year-on-year in March, the same pace as in February, which was the quickest growth in twenty one months. The expecte
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Euro Advances On Robust German PMI Data
The euro strengthened against most major currencies in the European session on Tuesday, after data showed that Germany's private sector expanded for the first time in ten months in April driven by a solid rise in services activity. Data from S&P Global showed that the flash composite output inde
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Pound Rises On Upbeat U.K. PMI Data
The British pound strengthened against other major currencies in the European session on Tuesday, after a survey showed that U.K. private sector activity expanded for the sixth consecutive month in April. The composite output index rose from 52.8 to 54.0, hitting an 11-month high. The services PMI c
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Markets Focus On Earnings As Geopolitical Tensions Ease
Markets cheered the easing geopolitical tensions in the Middle East with a relief rally, while also keeping the spotlight on corporate earnings. On the horizon are key economic data releases ranging from Australia's inflation update due later in the day, GDP update from the U.S. on Thursday, as well
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Flash Eurozone PMIs revitalised interest in the Euro
Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness significantly. Both France (46.2 to 44.9) and Germany (41.9 to 42.2) saw their manufacturing PMIs fall short
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USD/CHF Price Analysis: Faces selling pressure above 0.9100 after weak US PMI
USD/CHF faces pressure above 0.9100 as US Dollar drops after weak S&P Global PMI data for April. The preliminary Manufacturing PMI falls below the 50.0 threshold. The Fed advocates for keeping interest rates at their current levels longer. The USD/CHF pair faces a sell-off above the round-level
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GBP/USD outlook: Cable bounces after solid data/hawkish BoE
GBP/USD Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened
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US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward
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市场评论 – 美元回落,但日元触及34年新低
美元兑风险相关货币下跌 日元持续跌至34年新低 地缘政治担忧缓解,股市反弹,金价下跌 美国关键数据可能打压美联储降息押注 周一,美元兑多数主流货币有所回落,或许是由于中东紧张局势降温让投资者增加风险敞口,其中兑风险相关货币纽元、澳元和加元跌幅最大。 尽管如此,近期美元上涨背后的基本面驱动因素并未改变,这意味着近期美元回调可能是下一轮上涨前,投资者获利了结的结果。 继美国3月消费者价格指数(CPI)重新加速上涨,以及数位美联储官员表示并不急于放松货币政策后,目前投资者预计今年降息幅度仅为40个基点,远低于美联储自身预测的75个基点。 本周美元交易员将关注周四评估第一季度国内生产总值(GDP),和
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GBP/USD Price Analysis: Bulls stepped in as ‘morning star’ chart pattern looms
GBP/USD surges over 0.65% following disappointing US economic figures. Technical analysis indicates a potential upward movement if GBP/USD sustains a close near 1.2440, completing a 'morning star' pattern. Key resistances are ahead at 1.2500 and the 200-day moving average at 1.2565; downside risks p
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