Palmer
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EUR/USD breaks above recent congestion as US NFP miss drives down Greenback
EUR/USD found a fresh high above 1.08 after NFP figures sparked rate cut hopes. US economic data came in broadly softer on Friday. Coming up next week: European Retail Sales, US consumer sentiment. EUR/USD drove into a fresh weekly high on Friday, breaking above recent congestion after a broad miss
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Russian Manufacturing Activity Signals Solid Expansion
Russia's manufacturing activity continued to expand strongly in April amid robust growth in output and new orders, the purchasing managers' survey data from S&P Global showed on Thursday. The S&P Global Russia Manufacturing Purchasing Managers' Index, or PMI, dropped to 54.3 in April from 55
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Forex Today: The Dollar gathers pace ahead of FOMC
Following a negative start to the week, the Greenback managed to regain traction and lifted the USD Index (DXY) back above the 106.00 hurdle sustained by data and cautious trade ahead of the Fed’s interest rate decision on Wednesday. Here is what you need to know on Wednesday, May 1: The US Dollar b
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XAU/USD 29 April-03 May 2025
#XAU/USD# Weekly Analysis: Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be
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Elliott Wave Analysis Favors DAX to Extend Higher
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there
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Pull-up Update