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Pound Sterling rises as strong UK Q1 GDP improves economic outlook
The Pound Sterling moves higher to 1.2540 on upbeat UK Q1 GDP and March factory data. UK’s Q1 GDP growth suggests that the technical recession in 2023 was shallow. Easing US labor market conditions weigh on the US Dollar. The Pound Sterling (GBP) extends its upside to 1.2540 in Friday’s London sessi
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Professional Bond Back Cleaning Services in Canberra and Queanbeyan
Are you preparing to move out of your rental property in Canberra or Queanbeyan? One of the most important aspects of this process is ensuring you get your bond back in full from your landlord or real estate agent. Lease cleaning often requires complete end-to-end cleaning for the property to meet s
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DAX Inches Higher Ahead Of BoE Meeting
German stocks saw modest gains in cautious trade on Thursday ahead of the monetary policy announcement from the Bank of England (BoE) later in the day. The BoE's nine-member monetary policy committee is widely expected to keep the benchmark rate unchanged at 5.25 percent for the sixth consecutive me
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USD/CAD Price Analysis: Extends upside to 1.3750 as US Dollar recovers
USD/CAD rises to 1.3750, capitalized on the US Dollar’s recovery. Fed Kashkari sees progress in disinflation stalling due to the strong housing market. Investors await the Canadian Employment data for fresh guidance. The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s Europe
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German Exports Recover In March
Germany's exports rebounded at a faster-than-expected pace in March, while the growth in imports slowed sharply, data from Destatis revealed on Tuesday. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February. Shipments were forecast to climb 0.4 percent. At the same
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Gold prices surge as Fed rate cut speculation intensifies
Gold rebounds strongly, rising nearly 1% in response to increasing optimism that Fed might reduce interest rates sooner. Friday’s US Nonfarm Payrolls report, indicating a slowdown in job creation, fuels expectations for September rate cut. Comments from Fed officials, including Thomas Barkin and Joh
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Forex: Weaker NFP and A Dovish chair Powell could Revitalise US Dollar bears
Job creation fell short, unemployment rose, and wage growth remained subdued in the April employment report, setting the stage for a possible dovish turn from some key Fed officials this week. This shift could revitalize US dollar bears, although the dollar may consolidate for now pending key US inf
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EUR/JPY Price Analysis: Bearish indications dominate and sellers consolidate below the 20-day SMA
The daily RSI and MACD reflect a negative trend, hinting at increasing selling pressure. Hourly chart indicators echo the bearish sentiment, with RSI around the 40 level and MACD showing a lack of buying momentum. The EUR/JPY pair declined to 164.72 on Friday, reflecting subtle bears' influence with
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U.S. Services PMI Unexpectedly Indicates Contraction In April
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50
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Week ahead – BoE and RBA decisions headline a calm week [Video]
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions. BoE - No rate cuts yet Britain’s economy seems to have escaped the shallow recession it fell into last year, an
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