Abbot
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WTI holds above $79.00 ahead of US NFP data
WTI prices recover to $79.00, gaining 0.28% on Friday. A surprise build in US crude stocks exerts some selling pressure on black gold prices. WTI prices edge lower amid weaker global demand and easing Middle East geopolitical risks. Western Texas Intermediate (WTI), the US crude oil benchmark, is tr
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Forex Today: US Dollar struggles to rebound as markets assess Fed announcements
Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared. Final revi
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GBP/USD fluctuates as Federal Reserve hold rates, plans to slow balance sheet reduction
GBP/USD trades between 1.2480 and 1.2512, reacting to the Federal Reserve's decision to hold rates unchanged. The Fed adopts a more balanced approach to achieving employment and inflation targets, noting a stall in progress towards the 2% inflation goal. The Fed to reduce its balance sheet in June 2
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Turkey's Economic Confidence Falls To 99.0
Turkey's economic sentiment weakened in April from a nine-month high in the previous month, survey results from the Turkish Statistical Institute in Ankara showed on Monday. The economic sentiment index dropped to 99.0 in April from 100.0 in March. Among components, the confidence index for the manu
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GBP/JPY extends winning spell to 196.00 after BoJ keeps interest rates unchanged
GBP/JPY advances to 196.00 amid uncertainty over BoJ’s interest rate outlook. The BoJ sees inflation rising in the coming years but has projected weak economic growth. UK’s firm Services PMI has deepened fears of persistent inflationary pressures. The GBP/JPY pair extends its winning streak for the
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Discover the Best Forex Platform for Beginners: JRFX!
Are you a novice in the world of forex trading, searching for the ideal platform to kickstart your investment journey? Look no further, as JRFX offers a comprehensive solution tailored specifically for beginners like you. Let's delve into why JRFX stands out as the best forex platform for beginners.
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EUR/USD treks higher as US data underwhelms
EUR/USD extends its recovery as mixed US data weighs on the US Dollar. The US Dollar may also now already have “a lot priced in” according to analysts at Commerzbank. The short-term trend could now be bullish on the 4-hour chart. EUR/USD sherpa-treks higher on Thursday, with a foothold now above 1.0
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NZD/USD sticks gains near mid-0.5900s, over one-week high amid positive risk tone
NZD/USD gains positive traction for the third straight day amid a softer USD. Tuesday’s disappointing US PMIs and a positive risk tone undermine the buck. Reduced Fed rate cut bets should help limit the USD losses and cap the major. The NZD/USD pair attracts follow-through buying for the third succe
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