Gresham
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How about this bounce?
S&P 500 buyers did put up an early session fight, but were of course much to clients‘ satisfaction overpowered – and that concerns also Russell 2000 as Nasdaq performance continued being dismal with financials, industrials, energy and materials keeping acting weak. Bonds though didn‘t clearly fo
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EUR/USD retreats to 1.0645 lows following dovish comments from ECB members
Euro recovery fails ahead of 1.0700 and ECB policymakers point to a June rate cut. In the US, strong employment levels and some hawkish comments by Fed’s Williams have provided a fresh boost to the USD. The EUR/USD remains vulnerable, dangerously close to the mid-term low at 1.0600. The Euro recover
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Understanding the 4 different types of money
Money - It fuels our economies, allows us to acquire goods and services, and shapes our financial decisions. But what exactly is money? This seemingly simple question has a surprisingly complex answer. Throughout history, various objects and concepts have served as money, and even today, there
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EUR/JPY continues higher after Eurozone inflation data keeps in line
EUR/JPY continues rising after the release of final Eurozone inflation data shows no change from estimates. Comments from the Japanese Cabinet Secretary suggest the authorities may be close to an FX market intervention. Further commentary from ECB speakers could cause fluctuations for EUR/JPY. The E
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European Shares Gain After UK, Eurozone Inflation Data
European stocks traded higher on Wednesday after falling sharply the previous day on concerns about escalating geopolitical tensions and uncertainty about the outlook for U.S. rates. In economic releases, data showed U.K. consumer price inflation rose by less than expected to 3.2 percent in March fr
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USD/CAD pulls back amid US Dollar correction, lower crude Oil prices
USD/CAD retreats from a five-month high of 1.3846 reached on Tuesday. The decline in crude Oil prices might have contributed to undermining the Canadian Dollar. Fed Chair Powell highlighted that recent data indicates the timeframe for achieving the 2% inflation target will be longer than initially a
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Deeper correction likely for XAU/USD this week
Another week, another record high for the precious metal. The spot price of gold (XAU/USD) refreshed all-time highs at $2,431 last week, strengthened by expectations of US rate cuts, safe-haven demand amid geopolitical tensions in the Middle East and central banks purchasing large stockpiles of gold
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ECB Survey: Eurozone Inflation Expectations Remain Stable
Eurozone inflation expectations remained unchanged across all horizons and real economic growth for 2024 was marginally lowered, the Survey of Professional Forecasters from the European Central Bank showed on Friday. Headline inflation is expected to fall to 2.0 percent in both 2025 and 2026 from 2.
Pull-up Update