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Eurozone April flash services PMI 52.9 vs 51.8 expected

Eurozone April flash services PMI 52.9 vs 51.8 expected

Prior 51.5Manufacturing PMI 45.6 vs 46.6 expectedPrior 46.1Composite PMI 51.4 vs 50.7 expectedPrior 50.3The services print is a 11-month high while the manufacturing print is a 4-month low. But at the balance, the Eurozone economy is seen expanding at its quickest...

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Euro nudges higher as ECB gets some room to work with

Euro nudges higher as ECB gets some room to work with

This was the sort of recovery nobody saw coming for the euro area. A major rebound in services activity is dragging the region out of the mud, with the French economy stabilising in April while the German economy expanded for the first time in ten months. The euro has...

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France April flash services PMI 50.5 vs 48.9 expected

France April flash services PMI 50.5 vs 48.9 expected

Prior 47.8Manufacturing PMI 44.9 vs 46.9 expectedPrior 46.2Composite PMI 49.9 vs 48.8 expectedPrior 48.3The French economy nears stabilisation in April but it is a tale of two halves for the most part. While the services sector has returned to growth, the...

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Gold stays in retreat mode, down 1% on the day

Gold stays in retreat mode, down 1% on the day

The recent geopolitical tensions was a good reason for stocks to come off the boil. And now that the fears are abating, it is also providing a good reason for gold to also let out some of the steam. Gold made some attempts to top $2,400 earlier this month but failed...

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GBPUSD Technical Analysis – Key levels in sight

GBPUSD Technical Analysis – Key levels in sight

USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate...

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PMI data comes into focus in trading today

PMI data comes into focus in trading today

For a moment in US trading yesterday, there was a concern that risk trades would've faltered. But at the end of the day, the more optimistic mood was salvaged as stocks ended the day higher. In continuing with that, we're seeing gold slide back further today to hit...

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Goldman Sachs revised forecasts for USD/JPY

Goldman Sachs revised forecasts for USD/JPY

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Gold has another leg down, continuing its fall

Gold has another leg down, continuing its fall

Gold had its biggest intraday drop in nearly two years on Monday, and its not looking much better during the Asian session:There is no fresh news apart from what has been posted (not that any of it has much relevance to gold).It bounced from trading just under 2300,...

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FX option expiries for 23 April 10am New York cut

FX option expiries for 23 April 10am New York cut

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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