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ASX 200 surges to record highs near 7,900 following softer economic data from Australia
ASX 200 Index extends its gains on expectations of RBA deducting interest rates in the second half of 2024. Australia’s Consumer Inflation Expectations increased by 4.3% in March, against the previous rise of 4.5%. Allup Silica has extended its application potential by achieving high-purity results
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EUR/USD can stabilise around 1.0850 – ING
On Tuesday, EUR/USD temporarily moved above 1.0850 before ending the day at roughly unchanged levels. Economists at ING analyze the pair’s outlook. Limited impact of France budget news France hit the headlines on Tuesday as it reported the 2023 deficit at 5.5% of GDP, substantially above the 4.8% se
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BoJ’s Ueda: Accommodative financial conditions are expected to continue for time being
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that “based on our current economic and price projections, accommodative financial conditions are expected to continue for time being.” Additional quotes Accommodative financial conditions likely to underpin Japan's economy and prices. If lon
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Crude Oil poised for bullish breakout [Video]
Watch the video extracted from the wlgc session before the market open on 26 mar 2024 below to find out the following: The key characteristics of the Wyckoff accumulation structure in crude oil The change of character to signal pending upside movement Why the current bullish flag could be a sweet sp
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Oil outlook: Takes a breather after Monday's 1.40% advance
WTI Oil WTI oil price is holding within a tight range on Tuesday and consolidating Monday’s 1.40% advance, sidelined by mixed fundamentals. Supply concerns following recent attacks on Russian oil installation, which may cause longer disruptions from one of world’s top oil producers and exporters, we
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USD/MXN moves sideways near 16.70 on expectations of the Fed prolonging higher rates
USD/MXN could receive upward support on hawkish comments from Fed members. The Mexican Peso could potentially benefit from a risk-on sentiment. The lower US Treasury yields could undermine the US Dollar. USD/MXN recovers recent losses, putting efforts to climb higher to nearly 16.70 during the Europ
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The bounce in EUR/USD and GBP is corrective
In today's TradeGATEHub Live Trading session, Coach Dale discusses the recent bounce in EURUSD and GBP, describing it as a corrective move. He highlights resistance areas across various dollar pairs and expresses his belief that stocks are set for a correction in the coming April-May period. Additio
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Fed's Goolsbee: Main puzzle with inflation is housing
Commenting on the inflation outlook, Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday that they are "in a bit of a murky period." Key quotes "It doesn't feel like the story fundamentally changed." "The Fed has to strike a balance with its dual mandate." "We need to see progre
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