2024

Oil price has  had something of an anticlimactic evolution lately. But that hasn't stopped various brokers and analysts from upgrading their expectations for crude this year. Heading into the busy summer demand season, it's not just Middle…
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Gold falls from record Gold falls as ongoing tensions first saw a fresh record above 2430. Then, a dramatic sell-off saw a dive towards 2300 as traders use the wait-and-see approach for the next move in the market. Successive breaks…
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The UK will be releasing a series of key economic data over the course of this week that could substantially rile up cable as investors count down the weeks to when the BOE might cut rates. Evidently inflation will be the focus for…
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The GER 40 dead cat bounce drops prices The GER 40 continues to decline as a dead cat bounce begins its formation. A move below 18000 indicates an acceleration to the downside. Bears are now looking to recover to the previous swing low…
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XAUUSD hitting higher highs Gold steadied after its ongoing rally was interrupted by a hot CPI report, impacting the Gold price chart. This continues to fuel concerns that the Fed might not even cut its interest…
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Tuesday's release of the Q1 GDP figures from China are seen as a bellwether for the global economy. By extension, that could affect most of the major currencies as investors try to pre-position ahead of potential economic shifts through the…
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EURUSD seeking support The US dollar rallied as annual inflation accelerated for a second straight month. A decisive break below 1.0800 has put the trend back on track as the pair moved over 100 pips at the beginning of April. A bearish…
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UK Normalization Means GBPUSD Going Up? Tomorrow is the release of key economic figures from the UK which is expected to show a continuation of the diverging trend in the data lately. While the economy has shown to be improving, the…
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