rodney
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Day Trading Summary
#XAU/USD# New World Capital - Article 3 XAUUSD We got stopped out of our second position as volatility diminished as the session was coming to an end. However, Gold has established a nice support around $2,316.00. For tomorrow session, we are looking to buy between $2,316.00 and $2,298
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U.S. Crude Oil Inventories Unexpectedly Pull Back Sharply
Crude oil inventories in the U.S. unexpectedly pulled back sharply in the week ended April 19th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories plunged by 6.4 million barrels last week after jumping by 2.7 million barrels in t
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Tesla jumps despite revenue miss, EUR/USD tests 1.0700 [Video]
Tesla jumped despite missing earnings and revenue expectations, Apple eked out gains despite news of a 19% drop in Chinese iPhone sales. Texas Instruments rose on a bullish revenue forecast for the current quarter hinting at a slower decline in chip demand from industrials and car industry. Spotify
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USD/CAD remains subdued around 1.3650 due to higher crude prices, disappointing US PMI
USD/CAD faces challenges due to improved risk sentiment, driven by easing geopolitical tensions in the Middle East. The US Dollar lost ground after the release of downbeat US PMI data released on Tuesday. The Canadian Dollar receives support from the uptick in crude Oil prices. USD/CAD continues its
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Canadian Dollar grinds out meager recovery ahead of Tuesday's US PMI figures
Canadian Dollar finds room on high side as data-driven markets await US PMI print. Canada data remains limited until Wednesday's CAD Retail Sales. Tuesday's US PMIs expected to show a slight uptick in activity. The Canadian Dollar (CAD) is moderately higher on Monday, trading into the green against
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All eyes on Lagarde – Stock markets remain in correction/sell-on-upticksmode
Markets Sterling finally snapped. A speech by Bank of England Ramsden was the straw that broke the camel’s back. He referred amongst others to the April CPI figure which will likely show the UK converging with the EU. Earlier last week, Bank of England governor Bailey also referred to that number wh
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GBP/USD eyes retail sales
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. Will UK retail sales improve? The UK release retail sales for March on Friday. The market forecast for March is 0.7% y/y after a decline of 0.4
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Fed's Mester: More information needed before confirming 2% inflation sustainability
Federal Reserve Bank of Cleveland President Loretta Mester spoke on "An update from the Federal Reserve” on Wednesday. Mester said that inflation is higher than expected and the US Fed needs more confidence in trajectory. Key quotes “More information needed before confirming 2% inflation sustainabil
Pull-up Update