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US equities set for a bounce-back day

US equities set for a bounce-back day

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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US dollar softens as Powell keeps rate cut path in play

US dollar softens as Powell keeps rate cut path in play

The US dollar is near the lows of the day and equity futures are at the highs, with S&PO 500 futures up 29 points. The dollar has fallen 10-15 pips since the text of Federal Reserve Chairman Jerome Powell's appearance in Congress was released. In it, he maintained...

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NVDA price forecast, this rocket may be going to $1050

NVDA price forecast, this rocket may be going to $1050

Bringing you a new analysis of NVIDIA's (NVDA) impressive journey and what the future holds for this tech giant. 📈 Someone curious in one of our groups asked about NVDA's direction, sparking me to share insights using what I call the "Levitan Method". Back when NVDA...

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ADP February employment +140K vs +150K expected

ADP February employment +140K vs +150K expected

ADP employment surveyThe median change in annual pay:Job stayers 5.1% versus 5.2% last monthJob changers 7.6% versus 7.2% last monthStrong sectors were construction, trade/transport/utilities, financial services and leisure/hospitality. Weak spots were natural...

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UK finance minister Hunt delivers pre-election budget

UK finance minister Hunt delivers pre-election budget

Outside of the whole 'mini-budget' fiasco involving Liz Truss and Kwasi Kwarteng back in September 2022, budget days aren't really big market movers for gilts and the pound. This time around, it should be no different. Jeremy Hunt is now speaking in parliament and is...

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Dollar eases, Powell and central banks in focus

Dollar eases, Powell and central banks in focus

EUR/USD strengthened during the European session as the USD lost ground after lower than expected ISM data. The pair is heading towards the 1.0915 level of resistance. Powell will likely reiterate in his Congress testimony today that there's no rush for the Fed to cut...

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Germany’s Ifo institute also cuts 2024 GDP forecast

Germany’s Ifo institute also cuts 2024 GDP forecast

This is the second time this year that Ifo has moved to cut the German growth forecast for 2024. The first was the revision lower in January to 0.7%, down from 0.9% in December. And then now, they are moving to cut that forecast to just 0.2%. On the change, Ifo says...

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UK February construction PMI 49.7 vs 49.0 expected

UK February construction PMI 49.7 vs 49.0 expected

Prior 48.8UK construction activity fell marginally in February as the data continues to point to improved demand conditions. Overall output levels are starting to stabilise now with business optimism improving to its highest since January 2022. S&P Global notes...

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Market Recap – Gold & Bitcoin to New Record Highs

 Economic Indicators & Central Banks: Risk appetite boosts Bitcoin and Gold to new record highs – boosted by expectations for US rate cuts, geopolitical tensions & the risk of a pullback in equity markets. The remarkable ascent of Bitcoin, which has...

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