Browning
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Silver Price Forecast: XAG/USD plummets to $26 despite weak US NFP data
Silver price plunges to $26 despite a sell-off in the US Dollar and bond yields. The US NFP report for April exhibited weak labor demand and soft wage growth. Weak labor demand will boost Fed rate cut prospects for September. Silver price (XAG/USD) reverses gains and falls sharply to $26.00 despite
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GBP/USD Price Analysis: Advances to near 1.2550 with expectations of a momentum shift
GBP/USD gains ground as technical indicators suggest a momentum shift for the pair. The momentum indicator could confirm a weakening of the bearish bias once it breaks above the centerline. The pair could meet the immediate barrier at the upper boundary of the descending channel around 1.2570 level.
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US ISM Manufacturing PMI drops to 49.2 in April vs 50.0 expected
ISM Manufacturing PMI fell into contraction territory in April. US Dollar Index fluctuates in its daily range above 106.00. The business activity in the US manufacturing sector contracted in April, with the ISM Manufacturing PMI dropping to 49.2 from 50.3 in March. This reading came in below the mar
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EUR/USD finds support near 1.0650, downside remains favored ahead of Fed policy
EUR/USD finds a temporary support near 1.0650 though dismal market sentiment keeps the downside bias intact. Uncertainty ahead of the Fed’s policy has dampened the appeal of risk-sensitive assets. The ECB is widely anticipated to begin reducing interest rates from June. The EUR/USD pair finds a prov
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Pound Sterling comes under pressure amid caution ahead of Fed policy decision
The Pound Sterling drops below 1.2500 as the US Dollar strengthens ahead of the announcement of the latest Fed policy decision. In a light economic calendar week in the UK, speculation for BoE rate cuts is expected to drive the Pound Sterling. Investors expect that the Fed will emphasize the need to
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South Korea April Trade Surplus $1.53 Billion
South Korea posted a merchandise trade surplus of $1.53 billion in April, the Customs Office said on Wednesday. That was shy of expectations for a surplus of 2.30 billion and down sharply from the $4.29 billion surplus in March. Exports jumped 13.8 percent on year, exceeding forecasts for an increas
Pull-up Update