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GBP/USD outlook: Cable bounces after solid data/hawkish BoE
GBP/USD Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened
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EUR/USD consolidates losses with upside attempts capped below the 1.0700 area
The Euro remains contained above 1.0600 support yet with bullish attempts capped below 1.0690 The broader bias remains unchanged, with the pair on a bearish trend from early March highs near 1.1000. The diverging ECB - Fed monetary policy outlook is expected to keep the pair under pressure. Euro bea
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Morning briefing: The Dollar Index rose sharply above 106
The Dollar Index rose sharply above 106, contrary to seeing a fall towards 105 and it is now likely to head towards 106.5-107. Meanwhile, the Euro is expected to test the support at 1.06. EURJPY continues to trade within 165-162 region while USDJPY failed to sustain above 154.80 and can now decline
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GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected. Inflation eased to 3.2% y/y, down from 3.4%
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Gold price is in a stable UP trend line !! XAU
#XAU/USD# ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The price of gold (XAU/USD) is moving within a narrow trading range as the European session begins on Tuesday. It remains close to the record high reached last week. The US Dollar (USD) is gaining strength, reaching its
Pull-up Update