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Latest News

08
May

(AUD) is one of the strongest G10 currencies today

The Australian dollar (AUD) is one of the strongest G10 currencies today, which has to do with several factors: Surplus in Australia As Bloomberg points out, the latest budget update, which will be released on Tuesday, will most likely show a surplus in fiscal 2022/2023, although subsequent years will most likely see a return to a deficit. […]

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08
May

NATGAS up 4% on Probable Demand

US natural gas prices trade over 4% higher today, bring a combined rebound off the Friday’s low to almost 8%. Improved sentiment towards natural gas prices can be reasoned with higher forecasted temperatures for key states which hint at increased demand for cooling. Over a third of power plants in the United States are gas-operated […]

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08
May

Today’s Chart EUR/JPY

Beginning of a new week on the markets has been calm so far. Worse than expected German industrial production reading for March did not have much impact on EUR or European indices. German industrial output dropped 3.4% MoM, missing -1.3% MoM estimate quite significantly. One more piece of data from Europe will be released today […]

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08
May

Second Tier Data From The EU & US

European stock markets launched a new week little changed. This comes after an upbeat Asian session where major indices gained in reaction to solid Wall Street session on Friday. Oil is trading higher at the start of a new week and so is natural gas. Precious metals benefit from USD weakening. Economic calendar for today […]

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08
May

The Morning Market Wrap

Gold plunged on Friday and realized a textbook range of the breakout below the neckline of a double top pattern. Declines were halted at the 200-hour moving average (purple line) and now precious metal attempts to recover. Source: xStation5

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08
May

Oil prices creep higher as recession fears begin to fade

SINGAPORE (Reuters) -Oil prices rose slightly on Monday as traders remained cautious despite receding fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November. Brent crude futures were up 11 cents, or 0.2%, at $75.41 a barrel at 0252 GMT. U.S. West Texas Intermediate (WTI) […]

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05
May

Stock Watch (AAPL.US)

Apple (AAPL.US), iPhone manufacturer, reported earnings for fiscal-Q2 2023 (calendar Q1 2023) yesterday after the close of the Wall Street session. Results turned out to be better-than-expected, thanks to a beat in iPhone sales. Company has also announced a $90 billion increase in buyback programme as well as increase in quarterly dividend for the eleventh […]

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05
May

Technical Analysis USD/CAD

As is usually the case for the first Friday of a new month, traders will be offered jobs data from the United States and Canada. Both reports will be released at 1:30 pm BST today, meaning that USDCAD is likely to experience a jump in short-term volatility around that hour.  Of course, the US report […]

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05
May

NFP Takes The Spotlight Today

European index futures point to a slightly higher opening of the cash session on the Old Continent today. Turmoil in the US banking sector was re-ignited and is once again playing a major role in market moves. However, traders will be offered some top-tier macro releases today that may help them distract from banking issues. […]

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