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Risk-aversion grips financial markets after Israeli missiles strike a site in Iran
Risk-aversion is in full swing across the financial markets after ABC News confirmed reports that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions. Reuters reported, citing Iran’s Fars News Agency, that locals heard explosions in central
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China Stocks Likely To Remain Rangebound On Wednesday
The China stock market has alternated between positive and negative finishes through the last six trading days since the end of the three-day slide in which it had fallen more than 30 points or 1 percent. The Shanghai Composite Index now sits just beneath the 3,010-point plateau and it's expected to
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GBP/USD dips after weak employment data
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than expected. Job growth took a hard hit in the th
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ECB's Rehn: We could cut interest rates in June
If the macroeconomic assessment in June confirms an inflation convergence toward the European Central Bank's (ECB) target, key rates could be lowered in June, European Central Bank (ECB) policymaker Olli Rehn said on Tuesday. Rehn added that future rate decisions will ensure that policy rates will s
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How Much Can I Trade with $1000 on JRFX?
If you're considering trading with $1000 on JRFX, you're likely wondering how far this amount can take you in the world of forex. Trading with a relatively modest sum like $1000 is entirely possible, but it requires careful planning and risk management. Let's explore how you can maximize your tradin
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GBP/USD plummets below 1.2500 as US Dollar dominates due to faded Fed rate cut prospects
GBP/USD plunges below 1.2500 as faded Fed rate cut hopes strengthen the US Dollar. The market sentiment is risk-off as the Fed is expected to delay rate cuts later this year. The UK economy is on course to come out of a technical recession. The GBP/USD pair dips below the psychological support of 1.
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Dow Jones Industrial Average tumbles, crushed by strong US inflation
Wall Street indexes plunge as US inflation dampens hopes of Fed rate cuts in June. All sectors are trading lower with Real Estate and Utilities the most affected. The Dow Jones Index is under increasing bearish pressure below 38,540 with scope to retest 38,035 area. Equity markets are taking a blow
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Pull-up Update