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DAX Climbs Ahead Of Key US Inflation Data
German stocks climbed on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March. The core Personal Consumption Expenditures (PCE) Price Index, the U.S.
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AUD/USD outlook: Extended recovery attacks key resistance zone again
AUD/USD Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day. Fresh strength offsets for now bearish signal on formation of daily inverted hammer candlestick on Wednesday, left after upside rejection and s
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AUD/USD continues rising after inflation in Q1 proves stickier-than-expected
AUD/USD continues its recovery after Australian Q1 CPI data shows inflation stickier-than-forecast. The result is likely to keep interest rates in Australia higher for a longer time than other G10 nations. Bullish reversal signs are increasing on charts, suggesting the possibility of a trend reversa
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Optimism returns to Germany as the Ifo jumps again
A third monthly increase in the Ifo index strengthens the view that the German economy has left its economic trough behind and should be able to enjoy some more cyclical improvement. Finally, Germany appears to be at a cyclical turning point. Its most prominent leading indicator, the Ifo index, has
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South Korean Consumer Confidence Remains Stable
South Korea's consumer sentiment held steady in April after easing in the previous month, survey results from the Bank of Korea showed on Wednesday. The consumer confidence index stood at 100.7 in April, unchanged from March. The consumer confidence survey was conducted between April 8 and 16 among
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German Private Sector Returns To Growth
Germany's private sector expanded for the first time in ten months in April driven by a solid rise in services activity, survey results from S&P Global showed on Tuesday. The flash composite output index rose more-than-expected to 50.5 in April from 47.7 in the previous month. The reading was se
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Pull-up Update