The USD/CAD pair approaches the 100-day EMA at 1.3520, yet shy of testing it. The US Bureau of Labor Statistics (BLS) reveals unemployment claims rise above estimates. The USD/CAD pair stumbles below the 50-day Exponential Moving Average (EMA) spurred by a risk-on impulse, as shown by Wall Street opening in …
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The US Bureau of Economic Analysis (BEA) released its final estimate on Thursday, revealing that the US real Gross Domestic Product (GDP) increased at an annualised rate of 2.6% in the fourth quarter. This number was below than the 2.7% market forecast as well as the prior estimate. “The revision …
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European shares recorded their highest level in two weeks at the open on Thursday, after the rise of the Wall Street Stock Exchange in the evening affected by an unexpected increase in the profits of the Swedish retail giant H & M and the dispelling of concerns about pressures in …
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Gold prices reversed course and rose on Thursday after a slight decline in the dollar helped dampen risk appetite fueled by waning concerns about the global banking system. By 0738 GMT, spot gold rose 0.3 percent to $1,968.89 an ounce. US gold futures settled at $1984.70. The dollar index fell …
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Gold prices fell on Thursday as calming concerns about the global banking system increased risk appetite and curbed some attempts to buy the safe-haven metal. By 0346 GMT, spot gold fell 0.2 percent to $1,960.52 an ounce, down for a second session. US gold futures fell 0.4 percent to $1,977.00. …
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On Wednesday, the US Dollar Index (DXY) recovers while traders’ attention shifts to the looming US inflation data. The Forex market offers no clear signs ahead of crucial inflation data from the Euro Area and the US. The US Dollar is moving between gains and losses despite risk appetite. The …
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At the time of writing, the price of gold is $1964.27 per ounce, up +0.77 cents and +0.04% from Tuesday’s closing price. For the first time since Russia’s invasion of Ukraine, the price of the precious metal has now surpassed $2,000 per ounce. Gold prices have reached $2,000 per ounce …
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According to Isabel Schnabel, ECB board member, the Eurozone’s underlying inflation is proving stubborn, increasing concerns that excruciatingly high price growth may become more enduring.Schnabel, on Wednesday, claimed that while a widening of corporate profit margins is also a primary cause of inflation, rapid nominal wage increases may be a …
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Bank of Canada’s Deputy Governor Toni Gravelle said on Wednesday that the BOC is ready to act in the case of severe market-wide stress and provide liquidity support to the financial system.The USD/CAD pair was last seen losing 0.15% on the day at 1.3580 and showed no reaction to these …
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Earlier on Wednesday, the EUR/USD rose to the area of 1.0870. Despite increased US yields, the currency is still broadly purchased. Hawkish ECB language keeps the pair in the black. In spite of the greenback’s robust note on Wednesday, the EUR/USD currency pair maintains daily advances in the vicinity of …
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