Abbot
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Here’s why Gold prices will reach $3,000 in 2024 [Video]
Gold is everyone’s favourite trade when terms like "Stagflation" begin creeping into the headlines – just like we're seeing right now. This week, Google searches for the term “Stagflation” surged over 600%. That's one of the biggest weekly increases ever seen. As Gold prices continue their unstoppab
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Mexican Peso continues to strengthen as Banxico holds rates on high inflation
Mexican Peso edges up against US Dollar for second consecutive day. Banxico’s decision to maintain the interest rate at 11.00%, sponsored the latest leg down on USD/MXN. Bank of Mexico cited higher prices as reason to pause lowering rates. US consumers become pessimistic on economy due to inflation,
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Japan Labour Cash Earnings Rise 0.6%
Total labour cash earnings continued to increase in March, though at a slower-than-expected rate, a report from the Ministry of Health, Labour, and Welfare showed on Thursday. Total earnings rose 0.6 percent year-over-year in March, versus a revised 1.4 percent rise in February. That was also slower
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European union imports disrupted by Chinese industry moving up the value chain
Since China’s accession to the World Trade Organisation (WTO) in December 2001, the European Union’s bilateral deficit1 with the country has widened from EUR 39 billion to EUR 292 billion in 2023 (Eurostat data). This is by far the largest deterioration recorded by the Old Continent with a trading p
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EUR/USD propped up near 1.0750 ahead of European Retail Sales
EUR/USD cycled above 1.0750 on Monday. European Retail Sales figures due on Tuesday. Friday’s US consumer sentiment survey to cap off an otherwise quiet week. EUR/USD churned around 1.0770 to kick off the new trading week, with the pair rising after better-than-expected Purchasing Managers Index (PM
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WTI holds above $79.00 ahead of US NFP data
WTI prices recover to $79.00, gaining 0.28% on Friday. A surprise build in US crude stocks exerts some selling pressure on black gold prices. WTI prices edge lower amid weaker global demand and easing Middle East geopolitical risks. Western Texas Intermediate (WTI), the US crude oil benchmark, is tr
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Forex Today: US Dollar struggles to rebound as markets assess Fed announcements
Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared. Final revi
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GBP/USD fluctuates as Federal Reserve hold rates, plans to slow balance sheet reduction
GBP/USD trades between 1.2480 and 1.2512, reacting to the Federal Reserve's decision to hold rates unchanged. The Fed adopts a more balanced approach to achieving employment and inflation targets, noting a stall in progress towards the 2% inflation goal. The Fed to reduce its balance sheet in June 2
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