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European Shares Gain On Positive Data, Solid Bank Earnings
European stocks traded mostly higher on Tuesday as investors reacted to mostly positive regional economic data and encouraging bank earnings. German factory orders decreased 0.4 percent on a monthly basis in March, confounding expectations for an increase of 0.4 percent - according to data from Dest
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Daily Broad Market Recap – May 6, 2024
Partner Center Find a Broker Major financial assets started the week on a chill note as a lack of market movers gave traders room to prep for this week’s potential catalysts. How did your favorite assets fare yesterday? Headlines: Caixin China General Services PMI for April: 52.5 vs. 52.7 previous;
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GBP/JPY finds thin lift in early week trading as BoE rate call looms
GBP/JPY claws back recent declines, but early week remains thin. UK holiday Monday will see flow return on Tuesday. BoE set to give another rate call on Thursday, broadly expected to hold. GBP/JPY found some room up top on Monday as markets kick off the new trading week on a quiet note. UK markets w
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USD/CAD edges down to 1.3650 as US Dollar drops, Oil price rebounds
USD/CAD drops to 1.3650 on multiple headwinds. Firm speculation for Fed rate cuts in September has uplifted the market mood. A sharp recovery in the Oil price improves the Canadian Dollar’s appeal. The USD/CAD pair falls after failing to recapture the crucial resistance of 1.3700 in Monday’s early N
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Pull-up Update