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Eurozone Economy Recovers In Q1
The euro area economy expanded in the first quarter after two consecutive declines, a preliminary flash estimate from Eurostat showed on Tuesday. Gross domestic product grew by more-than-expected 0.3 percent on quarter following a 0.1 percent fall each in the fourth and third quarters of 2023. Thus
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GX Uranium ETF (URA) Elliott Wave technical analysis [Video]
GX Uranium ETF (URA) Elliott Wave analysis Function - Counter trend. Mode - Corrective. Structure - Zigzag for 4. Impulse for (A). Position - Wave 4 of (A). Direction - Wave 5 of (A). Details - Price continues to circle the 30 major level. We can now consider the blue wave ‘4’ of the primary degree
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Amidst Rate Cut Uncertainty, Dollar Edged Lower Last Week
It was a mixed performance for the U.S. Dollar during the week ended April 26 amidst economic data that revealed growing uncertainties about the Fed's potential easing cycle and a volatile geopolitical situation in the Middle East. The U.S. Dollar slipped against the euro, the British Pound and the
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USD/JPY closing in on 1990 highs
BoJ more dovish than expected Friday witnessed a surge in dollar demand versus the beleaguered Japanese yen (JPY). The USD/JPY pairing not only recorded its largest one-day gain this year (+1.7%), but the exchange rate also refreshed multi-decade highs and is swiftly closing in on the ¥160 region, a
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Mainstream fund managers jumping on the Gold bandwagon
Big money managers are starting to jump on the gold bandwagon as inflation worries grow. Over the last few weeks, gold held its ground despite headwinds including a strong dollar and rising bond yields. Geopolitical tensions have supported safe-haven buying but it appears a new player is entering th
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Week ahead: Will good economic news be bad news for stocks?
It’s a big week for US earnings and economic data, the question for investors is whether renewed signs of economic strength is bad news for stock markets? Tech stocks had their worst day of the year on Friday, and the Nasdaq slumped more than 2%. Nvidia was down 10% and Netflix, which disappointed t
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Gold price holds strength as Middle East tensions propel safe-haven demand
Gold price trades close to $2,400 amid worsening geopolitical tensions. The US Dollar’s upside stalls as investors see other central banks postponing rate cut plans. US bond yields are down despite the Fed maintaining a hawkish stance. Gold price (XAU/USD) faces pressure to recapture new all-time hi
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European Shares Edge Lower As Israel Retaliates Against Iran
European stocks fell notably on Friday as tensions soared in the Middle East in the aftermath of Israel's retaliatory strikes against Iran. Also, hawkish comments from Federal Reserve officials led investors to scale back their expectations for the Federal Reserve to cut interest rates this year. Mo
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