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Forex
AUD/USD gains as market reacts to weak US data, global uncertainty
The AUD/USD pair trades higher around 0.6400, up 0.26% on the day.US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025.Market expectations…
President Trump: Carney will come to the White House
US President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is seeking to strike a trade deal and is expected to visit the White House…
Bank of Canada minutes: Council split over cutting or holding rates due to tariffs risks
The Bank of Canada revealed the minutes of the meeting held on April 16, which showed that the Governing Council was divided over whether to cut rates or keep…
USD/CHF down as soft US data and China slowdown hit sentiment
The USD/CHF is trading lower, hovering near the week’s lows, as recession fears and weak Chinese PMIs weigh on sentiment.US GDP contracted in Q1, PCE inflation…
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
EUR/USD trades near the 1.1350 zone, dipping slightly during Wednesday’s session after earlier gains.The broader bullish bias remains intact, supported by…
Copper vulnerable as China holiday looms and CTA liquidations intensify – TDS
Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with…
Microsoft stock slides ahead of earnings as Q1 GDP drops
Microsoft stock sinks on lower Q1 GDP reading on Wednesday.Preliminary US GDP for Q1 shows QoQ slide of 0.3% annualized.Micrsoft is set to release fiscal Q3…
Pound Sterling declines against USD despite US economic contraction
The Pound Sterling retraces against the US Dollar to near 1.3350 as the former underperforms across the board.The US economy contracted by 0.3% in the…
Pound Sterling Price News and Forecast: GBP corrects sharply against USD ahead of US GDP
Pound Sterling corrects sharply against USD ahead of US GDP, inflation, and labor dataThe Pound Sterling (GBP) extends correction to near 1.3355 against the US…
CNY: Some early soft spots – Commerzbank
The official purchasing managers' indices for the Chinese economy were published this morning, revealing the first signs of the impact of the prohibitive US…