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EUR/GBP depreciates to near 0.8600 after mixed Eurozone and UK PMI figures
EUR/GBP received downward pressure after the mixed UK PMI data released on Tuesday. ECB Vice President Luis de Guindos stated that the central bank plans to lower interest rates in June. UK Services PMI improved to 54.9 in April, against the expected 53.0 and 53.1 prior. The EUR/GBP cross pared its
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USD/CHF remains below 0.9100 on the subdued US Dollar, awaits Fedspeak
USD/CHF trims daily losses on expectations of de-escalating the Israel-Iran situation. An Iranian official stated there is currently no immediate plan for retaliation against the Israeli airstrikes. The US Dollar may gain ground on higher US Treasury yields as Fed officials conveyed hawkish messages
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How to Download JRFX Stock Forex Gold Trading Platform
In today's fast-paced financial markets, having access to a reliable and user-friendly trading platform is essential for investors looking to capitalize on opportunities and execute trades efficiently. JRFX offers a cutting-edge trading platform designed to meet the diverse needs of traders worldwid
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Asian Shares Mixed; Chinese Markets Rally On Recovery Hopes
Asian stocks ended mixed on Wednesday, with mainland Chinese stocks posting strong gains after GDP data for the first quarter beat expectations. Japanese markets led losses to end lower for a third day running due to concerns over rising bond yields and heightened tensions in the Middle East. Uncert
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EUR/GBP seems vulnerable around 0.8530 despite weak UK Employment data
EUR/GBP sees a downside below 0.8530 as the ECB is expected to begin reducing interest rates from August. Eurozone core CPI has consistently declined in the last eight months. The Pound Sterling holds strength against the Euro despite poor UK labor market data. The EUR/GBP pair struggles to hold an
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US Dollar exhibits remarkable strength amid global tensions
The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of persistently high interest rates in the US and escalated conflicts in the Middle East. The US dollar appre
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Biden promises interest rate cut, violating Federal Reserve independence
'Someone pull Biden's mic or he will reveal just how "independent" the Fed is...' (Ken Silva, Headline USA) As he was ramping up his presidential campaign in December 2019, Joe Biden criticized Donald Trump over his calls for the Federal Reserve to lower interest rates. “The president should not be
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China’s CPI inflation softens to 0.1% YoY in March vs. 0.4% expected
China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February. The market forecast was for a 0.4% increase. Chinese CPI inflation came in at -1.0% over the month in March versus February’s 1.0% rise, much worse than the 0.5% decline expected. China’s Producer Pr
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