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Gold price flat-lines above one-week low, awaits the crucial Fed decision on Wednesday
Gold price oscillates in a range and is influenced by a combination of diverging forces. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside. Geopolitical risks lend some support to the XAU/USD ahead of the key FOMC meeting. Gold price (XAU/USD) struggles to capitalize
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GBP/USD: Holding support in the low 1.2700 area could see the short-term trend stabilize – Scotiabank
GBP/USD remains pinned back to the low 1.2700s. Economists at Scotiabank analyze the pair’s outlook. Trend oscillators are mixed Trend oscillators are mixed and spot is holding a tight trading range above 1.2700. Broader price signals suggest a soft undertone in GBP/USD after a soft close last week
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Eurozone Trade Surplus Rises In January
The euro area trade surplus increased in January as exports increased amid falling imports, Eurostat reported Monday. The trade surplus rose to a seasonally adjusted surplus of EUR 28.1 billion in January from EUR 14.3 billion in December. Exports increased 2.1 percent on month, while imports decrea
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JP equities back to leading Asia
Asia market update: JP equities back to leading Asia; CN ‘data dump’ mixed; Focus on BOJ & RBA rate decisions tomorrow. General trend - Nikkei up over 2% with broad gains led early by Rakuten +5% and Nissan +5%. Chipmakers and exporters also up, with Topix +1.3% ahead of Japan's BOJ decision tom
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Gold Price Forecast: XAU/USD trades with mild negative bias ahead of Chinese data
Gold price edges lower near $2,155 in Monday’s early Asian session. FOMC is likely to hold rates at its March meeting on Wednesday and will not rush to cut rates. Chinese policymakers emphasized the need for continued implementation of a proactive fiscal policy and enhancing the country's economic r
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NZ dollar dips after hot US Producer Price Index
US PPI jumps 0.6% New Zealand Mfg. PMI expected to remain in negative territory The New Zealand dollar has lost ground on Thursday. In the North American session, NZD/USD is trading at 0.6136, down 0.33%. On Friday, New Zealand releases the Manufacturing PMI. US Producer Price Index hotter than expe
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U.S. Retail Sales Rebound Less Than Expected In February
Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates. The Commerce Department said retail sales climbed by 0.6 percent in February after slumping by a revised 1.1 pe
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