Frances弗朗西斯
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EUR/USD outlook: Bears probe through key support zone
EUR/USD The Euro holds in red for the third consecutive day and accelerates lower in early Thursday, cracking pivotal supports at 1.0800/1.0790 zone (former higher base / Fibo 61.8% of 1.0695/1.0981 / base of thick daily Ichimoku cloud). Technical picture is firmly bearish on daily chart (rising neg
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Singapore Producer Price Inflation Accelerates
Singapore's producer price inflation accelerated in February amid an increase in the non-oil index, data from the Department of Statistics showed on Thursday. The manufacturing producer price index climbed 2.2 percent year-on-year in February, faster than January's 1.8 percent rise. The non-oil inde
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UK Economy Shrinks 0.3% As Estimated
The UK economy contracted in the fourth quarter, as initially estimated, final data from the Office for National Statistics showed on Thursday. Gross domestic product fell by unrevised 0.3 percent after a 0.1 percent drop in the third quarter. The statistical office thus confirmed a technical recess
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Dow Jones Industrial Average posts moderate advance on thin trading
Dow Jones is leading gains in pre-holiday session on Wednesday. Wall Street Indexes are mixed after a positive opening amid frail market sentiment. Investors are looking from the sidelines ahead of Friday’s PCE Prices Index data. The Dow Jones Industrial Average (DJIA) is leading the major US
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USD to remain resilient, downside risks to the GBP in the months ahead – HSBC
Economists at HSBC analyze the US Dollar (USD) and the Pound Sterling (GBP) outlook for the coming months. USD is likely to remain resilient Looking ahead, the broad USD is likely to remain determined by the interplay of risk appetite and rates. For now, the USD appears to be able to find a floor in
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DAX Holds Steady As Consumer Confidence Improves
German stocks held steady on Tuesday after a survey showed German consumer confidence is set to improve in April. The forward-looking consumer confidence index rose to -27.4 in April from revised -28.8 in March, according to a survey conducted by the market research group GfK and the Nuremberg Insti
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Gold Price Forecast: XAU/USD next objectives at $2,250/$2,360 – SocGen
Economists at Société Générale analyze Gold (XAU/USD) technical outlook. Pause likely short-lived Gold recently gave breakout above multi-year rectangle denoting resumption in uptrend. It has staged an initial pullback after facing interim hurdle at $2,230 last week. Signals of large downside are no
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Pull-up Update