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Amid macro skepticism , Alphabet and Microsoft shone through
Market Amid a challenging backdrop marked by a concerning data mix, including significantly lower-than-anticipated Q1 GDP figures alongside unexpectedly heightened price pressures, the S&P 500 staged a remarkable rebound in after-hours trading. This turnaround was propelled by a swift narrative
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Pound Sterling moves higher on upbeat UK outlook, decline in US Dollar
The Pound Sterling rises to 1.2500 on multiple tailwinds. BoE Governor Andrew Bailey expects a sharp drop in April’s inflation. The US Dollar remains under pressure ahead of US Q1 GDP and core PCE Inflation data. The Pound Sterling (GBP) advances to near the psychological resistance of 1.2500 agains
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Canadian Dollar gives back recent gains, Canada Retail Sales disappoint
Canadian Dollar recedes across the board on Wednesday. Canada Retail Sales broadly miss the mark, hurting Loonie. US GDP, PCE inflation to dominate the latter half of the trading week. The Canadian Dollar (CAD) is broadly softer on Wednesday, paring back recent gains and falling back against all of
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XAU/USD 23 April 2024 Intraday Analysis
#XAU/USD# H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's. Following the bearish iBOS we now expect price to pullback. Intraday expectation would be for price to retrace
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NZD/USD gains ground above 0.5900 on weaker US Dollar, risk-on mood
NZD/USD holds positive ground around near 0.5910 on the weaker USD on Monday. The recent New Zealand inflation data prompted speculation that the RBNZ might cut its rate in November. Fed’s Goolsbee signaled a longer timeline for interest rate cuts as progress on inflation had “stalled”. The NZD/USD
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Pull-up Update