US Durable Goods Orders Smash Forecasts as Transportation Demand Jumps

    US Durable Goods Orders Smash Forecasts as Transportation Demand Jumps

    US durable goods orders posted much stronger-than-expected growth in April, highlighting continued resilience in business investment and manufacturing demand despite elevated interest rates and growing inflation concerns. Headline durable goods orders jumped 7.9% mom to USD 346.0B, far above expectations for a 3.3% mom increase. The sharp gain was led by transportation equipment orders, which…

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    Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff

      Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff

      Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of…

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      Bitcoin Accelerates Lower and Cracks Important Supports

        Bitcoin Accelerates Lower and Cracks Important Supports

        BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day. Fresh rise in oil prices on renewed tensions in the Middle East, was mainly behind today’s drop, which cracked 100DMA (73017) and pressured next significant support at…

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        Gold Weakens Further, Downside Momentum Starts Accelerating

          Gold Weakens Further, Downside Momentum Starts Accelerating

          Key Highlights Gold started a fresh decline below the $4,550 support. A major bearish trend line is forming with resistance at $4,525 on the 4-hour chart. WTI Crude Oil extended losses and traded below $95. EUR/USD started a minor recovery wave above 1.1620. Gold Price Technical Analysis Gold failed to surpass $4,650 and trimmed gains…

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