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Markets Marine Le Pen’s Rassemblement National scored broadly as expected in the first round of French parliamentary elections. They won the ballot with around 33% of the vote, ahead of the left front (28%) and Macron’s alliance (21%). In 485 out of 577 districts, the RN and its allies won outright or made it to […]

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EUR/USD Rate Rises After First Round of Voting in France

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Gold Bulls on Shaky Ground: Key Obstacles Ahead

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23/08/2024

NZ Dollar Slips Ahead of Retail Sales, Powell’s Speech

The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New Zealand retail sales expected to slide […]
30/01/2024

Bitcoin – Recovery Faces Increased Headwinds at Key Resistance Zone

Narrow sideways mode extends into third consecutive day after recovery from two-month low (38501 of Jan 23) showed signs of stall at key resistance zone (42500). The price action is on track to form the third straight daily Doji candle which points to strong indecision and contributes to signals that corrective phase might be over. […]
24/08/2024

Week Ahead – PCE Inflation Eyed as Fed Lays Groundwork for September Cut

Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s long-anticipated dovish pivot is upon us and markets are bracing for […]