StanleyC
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AUD/USD ends its winning streak after release of US GDP data
AUD/USD falls back down below 0.6500 after US Q1 GDP data reveals persistent price pressures. The pair reverses the strong rally that has characterized price action over the past week. The Fed is now seen not cutting interest rates till September whilst the consensus for the RBA is November. AUD/USD
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Wolf in sheep's clothing: Soft GDP hides surging spending
Summary Real GDP grew at only a 1.6% annualized pace in Q1, held back by trade and inventories. Consumer spending in the service sector is not slowing, in fact, it is ramping up at a rate seldom seen in the past 20 years. That is problematic as core PCE prices are picking up again in defiance of hig
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EUR/JPY Price Analysis: Rallies to almost 16-year high, buyers eye 167.00
EUR/JPY surges to levels not seen since August 2008, capitalizing on a broader Yen weakness. Technical indicators suggest potential for further advances after clearing resistance at 165.30, towards the 169.47 high of August 2008. Downside risks remain once EUR/JPY retreats below the recent high of 1
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US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast. Disappointment increased given that exceeding foreca
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US Dollar finds footing with mild gains following GDP and labor market data
US Q1 GDP reveals reduced expansion at 1.6% YoY. On the positive side, weekly Jobless Claims come in strong. Friday’s PCE data from March will dictate the pace of DXY in the short term. The US Dollar Index (DXY) is seen trading mildly down at 105.75 on Thursday and struggling to gain more ground fol
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Pound edges higher after soft US GDP
The British is in positive territory on Thursday. In the North American session, GBP/USD is trading at 1.2492, up 0.23%. US GDP slows to 1.6% Is the US economy finally slowing down? Recent key indicators, from nonfarm payrolls to consumer inflation have been stronger than expected, but the markets c
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Canadian dollar dips as retail sales fall
The Canadian dollar is in negative territory on Wednesday after a five-day winning streak in which it gained 1.1%. In the North American session, USD/CAD is trading at 1.3703, up 0.29%. Canada’s retail sales down in February Canadian consumers are holding tight on the purse strings as spending has b
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AUD/USD extends gains as inflation higher than expected
The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australian inflation release but has pared about half of those gains. Australia’s inflation dips less than forecast Aus
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Euro rises after German consumer confidence improves
The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0726, up 0.25%. German consumer confidence hits two-year high Germany’s GfK Consumer Climate index improved in April and again in the May forecast, as the German consumer is showing signs of optimism. The index i
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Robust Chinese Gold demand expected to continue supporting the market
Strong Chinese gold demand will continue to support the gold market according to a recent research report by Metals Focus. Gold recently hit record highs over $2,400, but there has been some profit-taking and consolidation this week. Cooling geopolitical tensions in the Middle East have dampened saf
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Nebraska ends income taxes on Gold and Silver, declares CBDCS are not lawful money
(Lincoln, Nebraska) – With Gov. Jim Pillen’s signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver. Under LB 1317, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calc
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监测标准普尔 500 指数和纳斯达克指数的看跌反转信号;罗素 2000 指数有望上行
分析指数走势近期各种指数出现的缓解性反弹现已接近关键时刻,出现了潜在反转的迹象。让我们深入了解各主要指数的具体表现: 标准普尔 500 指数和纳斯达克指数:看跌指标标准普尔 500 指数和纳斯达克指数都显示出 "黑色 "蜡烛图,表明市场情绪看跌。此外,罗素 2000 指数显示出看跌的哈拉米十字星形态,暗示可能出现反转。 罗素 2000 指数交易量减少值得注意的是,与前几个交易日相比,罗素 2000 指数的交易量有所减少,这表明投资者对反弹的持续性持乐观态度。 动量指标:从超卖过渡虽然动量指标已脱离超卖水平,但仍需等待中线交叉来确认看涨控制。 技术分析见解技术面依然疲软,以看跌为主,增加了看跌反
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Mexican Peso dips as US inflation rises, trimming Fed rate cut hopes
Mexican Peso depreciates by over 0.5% against US Dollar, reacting to unexpected inflation reacceleration in the US. US GDP growth for Q1 2024 falls short of forecasts at 1.6%, but a sharp increase in core PCE inflation to 3.7% boosts US yields. The rise in US yields and recalibrated Fed rate cut exp
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Hungary Wage Growth Eases In February
Hungary's average gross earnings continued to increase sharply in February, though at the slower pace in four months, figures from the Hungarian Central Statistical Office showed on Wednesday. Average gross earnings rose 14.0 percent year-on-year in February, following a 14.6 percent increase in the
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European Shares See Cautious Gains
European stocks traded higher on Wednesday, though the upside remained capped after an ECB policymaker said that a possible June rate cut might not be followed by more. Joachim Nagel, president of Germany's Bundesbank, said in a speech at the DZ Bank Capital Markets Conference 2024 that a June inter
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