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This day we have European data on employment, industrial production and GDP growth, as well as inflation rates for some countries such as Spain. The afternoon is very important for the markets with the Fed's manufacturing index, inflation, retail sales, and vehicle sales data, as well as the PCI for the month of April. With less relevance we also have information...

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- The market has been trading inside a bullish channel since the beginning of 2024 ; The mid-term trend is then bullish. - This bullish trend took place as investors' hopes of a quick dovish monetary switch from the FED faded due to US data proving a much more resilient economy than anticipated. Today's US CPI report is seen as crucial by many. Indeed, traders...

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- The market has been trading below a bearish trendline since July 2023 ; The long-term trend is then bearish. - Since the beginning of 2024, the market has pulled-back further, trading below an intermediate bearish line (dotted) until reaching a 1-year low around $140.30. A strong bullish reaction took place above that level, supported by significant volume...

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This day we face inflation data in several euro zone countries, including Germany. In the American session, ECB member Isabel Schnabel will issue a statement. The German representative argues that rates should be maintained as they are at least until June, but it remains to be seen whether the presidency will heed the recommendations of the Executive Board. As...

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The Asian indices got off to a strong start today. The Hang Seng Index (Ticker AT: HKIND) has broken out of the long-running downtrend channel in the direction of 9-month old price zones. Stocks returned to 15-month highs today as the Fed cut numbers may help or halt the market's evolution. Today we have as we said releases from the Vice Chairman and the President...

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Today we face UK economic data, trade balance, GDP growth, and business sentiment. An upward correction to 0% levels is expected versus -0.2% GDP in the previous quarter. In other words, a small economic recovery from last year of -0.2% to 0.3% is the forecast. Already yesterday the Bank of England reported that the interest rate would be maintained at 5.25%....