Sideways trading in a narrow range still dominated gold’s movements, confined from the bottom above the support level of 1838 and above below the resistance level of 1855. Technically, and by looking at the 4-hour chart, we tend to the negativity, relying on the price stability below 1850, and the …
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The single European currency declined noticeably during the previous trading session. Therefore, we adhered to intraday neutrality in the last analysis, explaining that activating short positions is confirmed by breaking 1.0670, targeting 1.0600, to record the pair’s lowest level at 1.0610. Technically and carefully considering the 4-hour chart, we find …
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WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. The black gold is holding its gains despite the renewed fears of a lockdown in China to contain the spread of the Covid-19. The Chinese economy was recovering from lockdown measures …
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WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. Crude oil is enjoying its gains despite the renewed concerns of another lockdown in China to contain the spread of the Covid-19.The Chinese economy was recovering from lockdown measures in Shanghai …
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US government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary pressures-linked concerns ahead of the awaited CPI data. Earlier, this week, Treasury Secretary Janet Yellen acknowledged that the United States is currently facing “unacceptable levels of inflation.”To contain it, the Federal Reserve has enacted 75 bps …
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Speaking at a New York event, US Treasury Sec. Janet Yellen explained that she does not think the US is going to have a recession. Earlier, this week, Sec Janet Yellen told Congress that the US is facing “unacceptable levels of inflation” on Tuesday as the treasury secretary defended herself …
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New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …
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The USD/JPY pair has dipped towards 134.00 as buyers book profits ahead of Friday’s US CPI. Market sentiment is still negative as US equities record losses.The pair retreats from 2-decade highs around 134.55 but is trimming substantial losses, and albeit losing 0.09%, is preparing for a test of the 135.00 …
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The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …
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The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …
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