Miriam
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BoE Pill: BoE to think about rate cuts over next few meetings
Bank of England (BoE) Chief Economist Huw Pill signaled to markets that the UK's central bank will be considering rate cuts over the next few meetings, provided there are no "big disturbances" in the economy. BoE's Pill spoke during a virtual question and answer period regarding the BoE's Monetary P
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XAU/USD
XAUUSD (spot gold) manual strategy Thursday, May 9, 2024 Today's key focus on financial data and events: 20: 30. Four stars for initial jobless claims from the United States to May 4th Main direction: Continuous fluctuation Current price: 2309 Short line resistance above: 2320-2331 Short line suppor
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GBP/USD holds below 1.2500 ahead of BoE rate decision
GBP/USD trades on a softer note near 1.2495 in Thursday’s early Asian session. Fed’s Collins emphasized the need to stay higher for longer, as it will take longer than previously thought to bring inflation down. The BoE is widely expected to keep its policy rate unchanged at 5.25% on Thursday. The G
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2008 and 2022 all over again? Gold, stocks, USDX
Can the HUGE price move from those years really be repeated? Analogous situations: 2008, 2022, and now As gold continues to move back and forth in the same trading range, I decided to dedicate today’s analysis to something different. After all, I already described my current gold price forecast for
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EUR/USD falls slightly amid risks of prolonged Fed-ECB policy divergence
EUR/USD comes down slightly to 1.0740 as the US Dollar rises amid a light US economic calendar. The ECB is expected to opt for cutting interest rates in June. Fed’s Kashkari sees no rate cuts this year due to the strong housing market. EUR/USD is slightly down to 1.0740 in Wednesday’s European sessi
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Asian Shares Wobble On Fed's Mixed Messages
Asian stocks fluctuated on Thursday after mixed signals from Federal Reserve Chief Jerome Powell on the outlook for inflation and interest rates. After leaving interest rates steady on Wednesday, the Fed signaled that it is still leaning toward eventual reductions in borrowing costs, but needs more
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