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Market conditions for gold are bullish, with prices reaching a new record high. Increased risk aversion driven by geopolitical factors, specifically newly announced tariffs, is supporting the demand for gold. Additional factors such as anticipation of interest rate cuts, central bank purchasing activity, and strong demand for gold-backed ETFs are also…
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The FTSE 100 experienced a decline on Wednesday, closing approximately 0.3% lower at 8,608, reflecting a broader downward trend in European markets. Investor sentiment was dampened as they awaited President Trump’s announcement regarding potential reciprocal tariffs, with speculation suggesting duties of around 20% on most imports. The FTSE 100 closed down…
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US stock futures experienced a significant downturn on Thursday following President Trump’s announcement of extensive reciprocal tariffs. The Dow Jones futures slid over 2%, reflecting investor concerns about a potential global trade war and its adverse effects on the US economy. Companies with global supply chains and those heavily reliant on…
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Market conditions for the euro are complex, characterized by upward price pressure stemming from a weaker dollar and trade concerns, while downward pressure is exerted by cooling inflation and anticipated ECB rate cuts. The euro’s resilience in the face of imposed tariffs highlights its strength, but the underlying economic factors suggest…
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The British pound experienced a decline, falling below $1.29 to its lowest level in nearly two weeks. This movement was influenced by a weaker-than-expected February inflation reading and the announcements within the Spring Statement. Revised economic forecasts presented by the Finance Minister contributed to the pound’s downward pressure. The British pound…
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The US Dollar weakened as the dollar index fell below 103.9 following President Trump’s announcement of new trade tariffs. While positive private sector job growth was reported, a decline in job openings hinted at a possible economic slowdown. Market participants are now awaiting the nonfarm payrolls report to gauge the Federal…
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Asset Summary – Wednesday, 2 April GBPUSD is facing downward pressure due to a confluence of factors. Weaker-than-anticipated inflation data for February, coupled with revised economic forecasts presented in the Spring Statement, are weighing on the pound. Specifically, the upward revision of the 2025 inflation forecast, a downward revision of the…
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Gold experienced a surge, approaching record highs, driven by a confluence of factors including escalating trade tensions, anticipation of interest rate cuts, central bank purchases, and robust demand for gold-backed exchange-traded funds. Market participants reacted to the threat of new US tariffs and weaker than expected economic data. Gold rose above…
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The FTSE 100 experienced a rebound, closing approximately 0.6% higher at 8,635 on Tuesday after a significant decline the previous day. This recovery occurred against the backdrop of impending US tariffs, economic data releases, and corporate news. Manufacturing PMI data, while revised upwards, still indicated contraction, and house prices remained stagnant.…
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US stock futures held steady as investors were waiting to see the effect of new tariffs. The S&P 500 and Nasdaq Composite showed gains, while the Dow Jones Industrial Average experienced a slight decrease. Sector performance was mixed, with some sectors showing strong performance while economic data pointed to weakness in…
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The euro experienced a volatile trading day, dipping below $1.08 in reaction to potential U.S. tariff announcements. Inflationary pressures within the Eurozone are easing, bolstering expectations of an interest rate cut by the European Central Bank (ECB). Despite this, the euro had seen gains the previous month due to dollar weakness…
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The British pound experienced a decline, falling below $1.29 to a near two-week low as market participants responded to softer-than-anticipated inflation data and the implications of the Spring Statement. Revised economic forecasts, including elevated inflation expectations and lowered growth projections, contributed to the pound’s weakness. The British pound slipped below $1.29,…
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The US Dollar is holding steady in a sideways trading pattern this week. Investors are awaiting further news on tariff implementation, particularly regarding reciprocal tariffs and potential caps. Recent data indicates a mixed economic picture, with contracting factory activity offset by a gradually cooling but still resilient labor market. Market participants…
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Asset Summary – Tuesday, 1 April GBPUSD is facing downward pressure as a result of recent economic data and the Spring Statement. Lower-than-expected inflation figures for February combined with revised economic forecasts paint a concerning picture for the UK economy. While inflation is easing, the upward revision of the 2025 inflation…
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Gold prices have reached a new record high as investors seek safe-haven assets amid rising concerns about a global trade war. The surge is supported by expectations of interest rate cuts, central bank buying, and strong demand for exchange-traded funds (ETFs). Investors are closely watching upcoming labor market data for further…
