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A report released by the National Association of Realtors on Thursday showed a sharp pullback by existing home sales in the U.S. in the month March. NAR said existing home sales plunged by 4.3 percent to an annual rate of 4.19 million in March after surging by 9.5 percent to a rate of 4.38 million i

European stocks eked out modest gains on Thursday as soft eurozone inflation data for March booted hopes for an ECB rate cut in June. Talking about the June meeting, I think the probability is increasing that we will see a rate cut in June but there are still some caveats," the chief of Germany's Bu

Oil prices accelerate their reversal as US stocks increase beyond expectations The outlook of higher rates for a longer time is increasing concerns about a lower demand for oil These fears have offset the impact of geopolitical risks. Oil prices are going through a sharp reversal on Wednesday, to pa

USD/JPY extends its uptrend into the 154.00s. It may be forming a Measured Move pattern with an end target of 156.11. RSI is overbought, however, warning a correction may be on the horizon. USD/JPY is trading in the upper 154.00s. It has formed what looks like a Measured Move price pattern composed

Investors have long been playing the bet that the Fed will opt to lean on the side of policy accommodation. But in recent months, this bet has been a tougher one to play, and in recent weeks, things have only intensified, with rate cut expectations significantly scaled back. Share: Analysis feed

Turkey's unemployment rate dropped moderately in February, the Household Labor Force Survey results from the Turkish Statistical Institute showed Monday. The jobless rate fell to a seasonally adjusted 8.7 percent in February from 9.0 percent in the previous month. At the same time, the employment ra

Gold opens near Friday’s closing price as safe-haven demand stabilizes. Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325. It was a harsh weekend, as Iran’s retaliatory missile and drone attack against Israel sparked concerns of global conflict. But traders seem to have conclud