GhulamRasool
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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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EUR/USD Price Analysis: Moves above 1.0700, next barrier at 21-day EMA
EUR/USD could approach the 21-day EMA at 1.0727. A break below 1.0700 could lead the pair toward the major support of 1.0650 and April’s low at 1.0601. A breach above the major level of 1.0695 suggests a weakening of bearish sentiment. EUR/USD recovers its recent losses registered in the previous se
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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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Sensex, Nifty Marginally Lower In Early Trade, Axis Bank Surges Over 4%
Indian shares opened Thursday's session on a subdued note, tracking weak cues from other Asian markets after Meta Platforms disappointed investors with forecasts of higher expenses and lighter-than-expected revenue. Caution on eve of the expiry of April series derivative contracts also weighed on se
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Bearish pattern on EUR/USD can look for another leg down
USDollar is turning down against some major currencies, especially vs commodity currencies such as Aussie (AUDUSD), but looking at the 10Y US Notes chart, we still see room for another drop within wave »v« of C, which means that DXY may not turn down just like that. Looking at the EURUSD 4h time fra
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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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EUR/USD, capped below 1.0700 maintains the broader bearish trend intact
Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on
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BoJ’s Ueda: Bank will cut back on buying JGBs irrespective of data
Bank of Japan (BoJ) Governor Kazuo Ueda spoke at a seminar hosted by the Peterson Institute for International Economics on Friday. Ueda said that the Japanese central bank "very likely" will raise interest rates if underlying inflation continues to go up and begin reducing its bond-buying in the fut
Pull-up Update