USDTRY Recep Tayyip Erdogan won the second round of the Turkish presidential elections this weekend, securing a decent lead over opposition candidate Kemal Kilicdaroglu (52~% vs 48~%). There were expectations that the run-off will be a close call ...

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Bitcoin US debt deal was reached during a weekend Beijing “Web3 Innovation and Development White Paper” introduction Bitcoin experienced a price increase over the week, reaching above $28,000, attributed to various factors. One significant ...

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EURUSD Flash PMI indices for May from France and Germany were released at 8:15 am BST and 8:30 am BST, respectively. Data was expected to show a small improvement in the manufacturing sector as well as deterioration in the services sector. Indeed, ...

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META.US The European Union, on behalf of the Irish Data Protection Commission, has imposed a record €1.2bn ($1.3bn) fine on Meta Platforms (META.US), managed by Mark Zuckerberg, for data privacy breaches. The European body also set a categorical ban ...

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US100 A new week has begun and there is still no agreement on the US debt ceiling. Moreover, comments made by Democrats and Republicans suggest that two sides grew more apart in their positions over the weekend. Nevertheless, talks are still ongoing ...

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USDCNH People's Bank of China (PBOC) left interest rates unchanged today, in-line with market expectations. 1-year prime lending rate was left at 3.65% while 5-year rate, which is used for majority of mortgage loans in China, was left at 4.30%. ...

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Economic Calendar European indices set for flat opening ECB and Fed speakers dominate calendar FOMC minutes later into the week Futures markets point to a more or less flat opening of the European cash session today. German DE30 is trading near ...

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Oil WTI (OIL.WTI) launched a new week's trade lower as failure to make progress on the US debt ceiling over the weekend brings us closer to the US default. On top of that, the Chinese decision to ban Micron chips is also risking reigniting tensions ...

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NATGAS NATGAS drops 1.5% today but weather forecasts suggest potential for more gains NATGAS rallied yesterday, supported by: Smaller-than-expected natural gas inventory build reported by EIA. Inventories rose 99 bcf while the market expected 110 ...

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Economic Calendar for Today European indices set to open higher Powell to speak on the economy in the evening Canadian retail sales data for March Futures markets point to a higher opening of the European cash session. DAX futures (DE30) painted a ...

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USDJPY Wall Street indices rallied for another day. S&P 500 gained 0.94%, Dow Jones gained 0.34% and Nasdaq surged 1.51%. Russell 2000 added 0.58% US President Biden said that negotiator teams are making a steady progress on debt ceiling Meanwhile, ...

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EURUSD Philadelphia FED Manufacturing Index for May: Actual: -10.4 Expected: -19.8, Previously: -31.3 Weekly Jobless Claims Data Actual: 242k, Expected: 255k, Previously: 264k US Dollar appreciates right after the publication of jobless claims data ...

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AUDJPY Australian jobs market data for April was released during the Asian trading session today and turned out to be a big disappointment. Employment declined by 4.3k in the previous month while the median estimate among economists was for a 24.5k ...

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AUDUSD AUDUSD keeps its stability below 0.6668 level. Breaking 0.6630.level will provide strong negative motive that will push the price to achieve negative targets (0.6585 - 0.6560) area. image Therefore, the bearish trend will remain valid and ...

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Oil US Energy Information Administration (EIA) released a weekly report on change in US oil and oil-derivative inventories at 3:30 pm BST today. API data released yesterday in the evening suggested a quite significant build of 3.69 million barrels ...

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GBPUSD GBPUSD is testing the monthly support at (1.2442). image If the daily candle closes above the (1.2423 - 1.2441) area the price will likely grow to retest recent highs around the (1.2520 - 1.2547) areas, and the bullish trend continues. The ...

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Wheat Turkish media reports that Russian and Ukrainian negotiators with help from Turkey and the United Nations are closing in on an extension to Black Sea grain deal. This has triggered a drop on the WHEAT market with grain price erasing all of ...

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Crude Oil Crude oil price shows some slight bullish bias now, affected by grand support (62.3 - 62.7) current positivity, and it might test the key resistance (82.29 - 85.31) .55 before turning back to decline again. image Noting that the EMA50 ...

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Jap225 Economic Outlook Japanese NIKKEI 225 is on the rise trading near an all-time high following positive GDP data and supportive comments from country leaders. The Japanese economy grew at a faster-than-expected rate of 1.6% in Q1, surpassing the ...

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JAP225 Indices from Asia-Pacific struggles for direction today, with mixed performance from leading markets. This is a potential response to mixed closing of Wall Street session on Monday when US500 closed with +0.11% gains S&P/ASX 200 gains 0.1%, ...

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