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Gold prices are hovering above $2,980 per ounce, a record high, and on track for a weekly gain exceeding 2%. Risk aversion due to global trade tensions and growing anticipation of Federal Reserve rate cuts are key factors driving the surge. Strong ETF demand and sustained central bank purchases further bolster…
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The FTSE 100 experienced a decline on Thursday, closing 0.3% lower at 8,520. This retreat negated the gains of the previous session as anxieties surrounding a potential US trade war and its impact on global economic expansion weighed heavily on the market. While some companies like Halma and AstraZeneca showed positive…
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Market sentiment was negatively impacted after renewed tariff threats from President Donald Trump rekindled trade war concerns, leading to a sell-off in the previous session. This followed softer than expected producer price inflation data, which amplified market jitters. The Dow declined 1.3%. US stock futures rose on Friday in what appeared…
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The euro experienced a decline, dropping below $1.09 after previously reaching four-month highs. This pullback is attributed to escalating trade tensions stemming from proposed tariffs between the US and the EU, coupled with uncertainty surrounding developments in Ukraine, specifically Russia’s actions regarding a previously agreed-upon ceasefire. Simultaneously, potential support for the…
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The British pound is currently trading near four-month highs against the dollar. Broad dollar weakness, driven by concerns about the US economy and potential tariffs, is a major factor. Furthermore, expectations for sustained high UK interest rates are bolstering the pound, as traders reduce their anticipation for Bank of England rate…
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The US Dollar experienced gains, pushing the dollar index to around 104, as global trade tensions heightened, primarily impacting the Euro and other major currencies. US inflation data came in weaker than expected, while jobless claims remained relatively stable. Investors are now focused on the upcoming Federal Reserve policy decision. The…
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Asset Summary – Thursday, 13 March GBPUSD is exhibiting a bullish outlook as the pound benefits from a weaker dollar and anticipation of sustained high interest rates in the UK. Reduced expectations for Bank of England rate cuts into 2025 are bolstering the currency. Upcoming GDP data and economic forecasts from…
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Gold is trading near $2,940 per ounce, close to record highs, supported by rising global trade tensions that are boosting safe-haven demand. Weaker-than-expected US inflation data has further influenced the market, suggesting potential for a less restrictive monetary policy by the Federal Reserve. However, the delayed impact of existing tariffs and…
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The FTSE 100 index experienced a positive shift, climbing 0.3% and ending a six-day period of losses. This rebound occurred as investors reacted favorably to a lower-than-anticipated US inflation report, even as trade tensions persisted. Several sectors contributed to the index’s rise, including banking, pharmaceuticals, and oil, with specific companies showing…
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US stock futures experienced a positive climb on Thursday, following a rally spearheaded by technology stocks in the previous session. While the S&P 500 and Nasdaq Composite rebounded, snapping a two-day losing streak, the Dow Jones Industrial Average continued its downward trend. This divergence highlights a market where tech sector strength…
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The euro is trading near a four-month high at approximately $1.09, influenced by conflicting factors. Optimism surrounding a potential ceasefire in Ukraine, spurred by a US-brokered proposal, is boosting the currency. However, escalating trade tensions following US tariffs on steel and aluminum imports from several countries, including EU members, are creating…
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The British pound is currently trading near four-month highs, around $1.29, fueled by a weaker dollar and expectations of sustained high UK interest rates. Market sentiment is anticipating fewer rate cuts from the Bank of England in 2025. Investors are also awaiting upcoming UK economic data releases, including monthly GDP figures…
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The US dollar index held steady around 103.5, navigating a complex landscape of trade tensions and economic data. Investors are carefully assessing the potential consequences of escalating trade disputes, including tariff implementations and retaliatory actions, on the US economy and consumer prices. The US dollar index remained stable around 103.5. President…
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Asset Summary – Wednesday, 12 March GBPUSD is showing potential for continued strength, as dollar weakness stemming from US economic anxieties and tariff implications provides upward pressure. Simultaneously, expectations of sustained high interest rates in the UK, driven by reduced anticipation of Bank of England rate cuts, further bolsters the pound.…
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Gold prices remained stable above $2,910 per ounce on Wednesday, buoyed by its safe-haven status and a weaker US dollar. Trade uncertainties and recession fears continue to support gold, although geopolitical risks have eased slightly. Investors are now waiting for the US CPI data to get clues about the future path…
