Germany’s Retail Sales saw a significant jump of 1.8% month-on-month in March, following a 1.9% decline in February. This positive change in retail activity indicates a potential recovery in consumer spending habits within the country. The rebound in Retail Sales provides a glimmer of hope for the German economy, which has been facing challenges due
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China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) showed a significant increase to 51.4 in April, surpassing the previous month’s expansion rate of 51.1. This exceeded market expectations of 51.0, indicating a strong performance in the manufacturing sector. Production expanded at the most pronounced pace since May 2023, reflecting a positive trend in output. Additionally, new
Silver prices have been on the rise, with XAG/USD trading at $27.39 per troy ounce, up 0.64% from Friday. This increase of 7.54% since the beginning of the year has caught the attention of investors. But what exactly drives these price movements? One important indicator to watch is the Gold/Silver ratio, which stood at 85.38
The EUR/USD pair has shown signs of gaining ground, reaching 1.0710 amid a weaker US Dollar on Monday. This movement in the major pair can be attributed to various economic factors influencing the foreign exchange market. The US PCE inflation data, which rose by 2.7% YoY in March, surpassing expectations, has played a role in
The Japanese Yen (JPY) is currently facing significant bearish pressure, trading at its weakest level in over three decades against the US Dollar. This downward trend comes after the Bank of Japan’s (BoJ) recent decision to leave monetary policy settings unchanged. The BoJ announced that it would maintain the key interest rate target range steady
The gold price (XAU/USD) has recently seen a slight uptick, finding support around the $2,300 mark after a three-day losing streak. This increase can be attributed to a modest USD downtick, coupled with a softer risk tone in the market. Despite these positive indicators, the upside potential for gold seems limited at this point. Traders
The Indian Rupee (INR) has been trading on a softer note on Wednesday due to the increasing demand for the US Dollar (USD) from importers and speculations that the US Federal Reserve (Fed) might not cut interest rates in the near future. This demand for the USD has put pressure on the INR, limiting its
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The GBP/JPY cross experienced a boost as it attracted dip-buying near the 190.85-190.80 region following the release of upbeat UK Services PMI data. The flash UK Services PMI rose to 54.9 in April, exceeding the previous month’s final reading of 53.1. This positive data gave the British Pound (GBP) a good lift, leading to an
The Japanese Yen (JPY) has been the center of attention recently, with speculations about a possible government intervention in the markets by Japanese authorities. This intervention is seen as a key factor lending some support to the JPY, which has been hovering at a fresh 34-year low. However, despite the possibility of intervention, any significant
Japanese Finance Minister Shunichi Suzuki recently made some statements regarding foreign exchange moves. He stated that the Japanese government is prepared to respond appropriately to excessive FX moves, indicating a high level of vigilance in monitoring such movements. Suzuki emphasized that he will not comment on the current FX moves directly but assured that the
Visa Inc. (V) is currently experiencing a corrective counter-trend phase, characterized by a ZigZag structure identified as Intermediate wave (4). The direction indicates a potential bottoming out in wave (4). The analysis suggests that there may be an Intermediate wave (3) completion, given the correction’s magnitude aligning with a wave (2) of the same degree.