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GBP/USD Forecast: Rallies Toward Resistance
Article By:
Christopher Lewis
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Monday, May 20, 2024 8:05 AM EDT
The GBP has pulled back just a bit during the early hours on Friday, only to turn around and show signs of strength again. The 1.27 level is an area that we are threatening, and of course we have seen a lot of resistance, all things being equal.
Crocodile Tears
Article By:
Angry Bear
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Monday, May 20, 2024 7:16 AM EDT
Numerous Americans have found themselves ensnared in analogous predicaments while seeking medical attention. The opacity surrounding healthcare pricing makes it difficult for patients to ascertain the cost of their care upfront.
EUR/USD Forex Signal: Bulls Pushing For New 2-Month High
Article By:
Adam Lemon
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Monday, May 20, 2024 6:41 AM EDT
My previous EUR/USD signal on 13th May was not triggered, as the bearish price action took place above the resistance level at $1.0799.
USD/JPY Exhibits Volatility Contraction Near 155.60 Due To Sidelined US Dollar
EUR/JPY Forex Signal: Euro Continues To Rally Against The Japanese Yen
Article By:
Christopher Lewis
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Monday, May 20, 2024 6:12 AM EDT
this is a long-term bullish trend that I think has a lot further to go. At this point, I’m willing to buy here and I would have a stop loss below the ¥176 level. I would target at least the ¥172 level, if not ¥175.
Uranium Stocks Surge On The Back Of $3.4 Billion In Funding
Article By:
Quad 7 Capital
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Monday, May 20, 2024 3:48 AM EDT
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
Weekly Market Pulse: Ch-Ch-Changes
Article By:
Joseph Calhoun
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Monday, May 20, 2024 3:15 AM EDT
There were two important inflation reports last week. The Producer Price Index, showed inflation hotter than expected in April. The YOY change bottomed in June of last year at just 0.3% and has been rising steadily since then. It now stands at 2.2%.
Bitcoin 2025 Price Targets
Article By:
readtheticker
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Sunday, May 19, 2024 3:05 PM EDT
Things have changed in 2024, both Biden and Trump camps realize that Bitcoin capital gains help keep the US government afloat. Trump is now a fan!
EUR/USD Weekly Forecast: Push Upwards And Sustained Higher Technical Values
Article By:
Robert Petrucci
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Sunday, May 19, 2024 1:27 PM EDT
The EUR/USD went into this week keeping its optimistic bullish sentiment on display as the closing value of 1.08670 remained within sight of near-term highs.
Hedge Fund Positions, The Future Through Futures, And Other Insights From CoT Report
Article By:
Paban Pandey
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Sunday, May 19, 2024 10:42 AM EDT
On Wednesday through Friday, the Russell 2000 (2096) rallied north of 2100 in each session intraday but closed the week just shy of that level. For over two months now, the small cap index has failed to decisively clear 2100, which is important.
One Year Ahead Inflation Expectations For 2025
Article By:
Menzie Chinn
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Sunday, May 19, 2024 10:30 AM EDT
The SPF year ahead for May is at 2.51%, slightly above the 2.45% that I estimate is consistent with a 2% PCE. Interestingly, with median unit cost growth back at roughly April 2018 levels, there’s little evidence of a wage-price spiral.
The Inflationary Energy Transition
Article By:
Simon Lack
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Sunday, May 19, 2024 9:30 AM EDT
Ominously for President Biden, opinion polls consistently show voters are unhappy with his economic stewardship. The surge in inflation in 2022 didn’t help, but after believing it to be transitory the Fed responded and it’s now back down.
GBP/USD Weekly Forecast: Cooling US Inflation Boosts Pound
Article By:
Yohay Elam
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Sunday, May 19, 2024 8:08 AM EDT
The US CPI report showed a decline in inflation. Employment data from the UK showed a significant drop in jobless claims. Next week, the UK will release its crucial inflation report.