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Markets Today started somewhat as expected. French and Spanish September CPI data printed below consensus. French prices fell by 1.2% M/M to 1.5% Y/Y (from 2.2%), the first sub-2% reading since July 2021. Significantly lower fuel prices, but also lower services costs (turnaround after Olympics) drove the move. Spanish inflation was 0.1% M/M lower with […]

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10/12/2024

GBPUSD Capped By 200-Day SMA

GBPUSD remains in negative area But holds beyond the downtrend line RSI and MACD give some optimistic views GBPUSD is experiencing a new bullish attempt to remain above the short-term descending trend line, but the 200-day simple moving average (SMA) at 1.2815 appears to be a tough obstacle for traders. If the market overcomes the aforementioned barrier, […]
20/04/2024

Weekly Focus – Middle East Situation Remains Tense

Market sentiment has remained volatile throughout the week. Iran’s strikes to Israel last weekend sparked uncertainty, which eased gradually through the week, only to be re-ignited by Israel’s retaliation last night. The jury is still out on whether this leads to a wider regional escalation, but at the time of writing, Iranian sources have said […]
26/06/2024

Sentiment Improves Amid Nvidia Recovery, FedEx Earnings

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