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US Dollar clings to gains ahead of PCE inflation in thin-trading day
The US Dollar has been trading near the fresh high of March. Traders are enjoying a bank holiday despite the release of US economic data. The US Dollar Index has 105.00 in reach. The US Dollar (USD) never sleeps and that proverb certainly applies to this Friday. The Greenback holds onto recent gains
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GBP/USD outlook: Cable moves within extended range ahead of key US data
GBP/USD Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday. Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly bearish daily studies keeping the downside at risk, althoug
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European Shares Edge Higher Ahead Of Easter Break
European stocks were seeing modest gains on Thursday ahead of a long Easter holiday weekend. Major European markets will be shut for two days on Friday and Monday to celebrate Easter. In economic releases, German retail sales posted an unexpected decline in February. Data from Destatis revealed that
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China’s economy is not in a great decline but a great transition
China's near-term challenges and long-term uncertainties are plentiful, but the widespread pessimism towards the Chinese economy and markets feels excessive. We think the country's in a necessary transition rather than in any long-term decline. Understanding the challenges and timescale is key for i
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NZD/JPY Price Analysis: Bearish sentiment continues, potential bullish reversal on the horizon
The daily technical analysis reveals a steady bearish momentum but with indicators recovering. The hourly chart hints at initial signs of bullish momentum with the RSI in the positive territory. Despite the bearish short-term indicators, the pair is trading above the main SMAs, indicating a persisti
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Richmond Fed Manufacturing Index Falls More Than Expected
The Richmond Fed manufacturing index slowed in March, after improvement in the previous month, survey data showed Tuesday. The Fifth District Manufacturing Activity index dropped to -11 from -5 in February. Economists had expected the measure to remain unchanged. Among its three component indexes, s
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Forex Today: Markets remain choppy ahead of US data releases
Here is what you need to know on Tuesday, March 26: Major currency pairs fluctuate in relatively tight ranges early Tuesday as investors refrain from taking large positions ahead of macroeconomic data releases from the US. Durable Goods Orders for February and Housing Price Index for January will be
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