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China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s June Caixin manufacturing PMI got here in at 51.3 vs. 51.8 predicted and May’s 52.0, displaying that the usual fitness of the country’s manufacturing region is slowly deteriorating. The gauge hit a three-month low.…

Market News
Central Bank of Russia hikes policy rate by 50 basis points to 5.5% in June

Central Bank of Russia hikes policy rate by 50 basis points to 5.5% in June

Russia’s central financial institution introduced on Friday that it hiked its coverage fee by means of 50 groundwork factor to 5.5% following its June coverage meeting. Market reaction The USD/RUB pair edged modestly decrease with…

Market News
S&P 500 Index to extend its rally, defying more persistent inflation – CE

S&P 500 Index to extend its rally, defying more persistent inflation – CE

Strategists at Capital Economics assume that inflation in the US will show extra chronic than each the Fed and buyers show up to anticipate. Notwithstanding, they nevertheless count on the S&P five hundred to make…

Market News
Gold Price News and Forecast: XAU/USD remains vulnerable to slide further, FOMC awaited

Gold Price News and Forecast: XAU/USD remains vulnerable to slide further, FOMC awaited

  Gold where to from here The chart below shows Gold has been during a downtrend since the 6th of January 2021. Gold has tested our long-term channel support down at 1679.37 which starts at…

Market News
US dollar dynamics and Fed speak in focus for near-term trading impetus

US dollar dynamics and Fed speak in focus for near-term trading impetus

“Gold is benefiting from the risk-averse market conditions, thanks to the renewed concerns about coronavirus restrictions in Asia. A foremost covid outbreak haunts Taiwan and Singapore whilst India and Japan war with rising instances and…