United States Markit PMI Composite rose from previous 55.9 to 58.5 in March


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EUR/USD remains on the back foot below 1.0800

EUR/USD remains on the back foot below 1.0800

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GBP/USD keeps range around 1.2550 amid quiet markets

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Gold could recapture 21 DMA resistance if RSI turns bullish

Gold price is consolidating Thursday’s impressive rebound from near $1,940, having yo-yoed within a $30 weekly range. Gold price could see a range breakout on Friday should the end-of-the-week flows trigger intense volatility.

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It appears that a technical recession has indeed materialized, although the statistical offices took some time to officially declare it. The slight decline of 0.1% in both the fourth and first quarters is rather minimal.

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