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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6908.87
6908.87
6908.87
6946.88
6859.74
-37.26
-0.54%
--
DJI
Dow Jones Industrial Average
49499.19
49499.19
49499.19
49815.22
49237.38
+17.05
+ 0.03%
--
IXIC
NASDAQ Composite Index
22878.37
22878.37
22878.37
23109.46
22670.80
-273.69
-1.18%
--
USDX
US Dollar Index
97.730
97.730
97.810
97.730
97.630
+0.030
+ 0.03%
--
EURUSD
Euro / US Dollar
1.17900
1.17900
1.17908
1.18053
1.17877
-0.00066
-0.06%
--
GBPUSD
Pound Sterling / US Dollar
1.34770
1.34770
1.34781
1.34935
1.34761
-0.00046
-0.03%
--
XAUUSD
Gold / US Dollar
5193.20
5193.20
5193.59
5194.93
5166.75
+9.10
+ 0.18%
--
WTI
Light Sweet Crude Oil
65.030
65.030
65.065
65.311
64.813
-0.369
-0.56%
--

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[Iran Refuses To Transfer Enriched Uranium Abroad] According To Iranian Media Reports On February 26, During Indirect Negotiations With The United States In Geneva, Switzerland, Iran Stated That It Refuses To Transfer Its Enriched Uranium Abroad. Iran Insisted On Retaining Its Right To Peaceful Use Of Nuclear Technology And Its Ability To Produce Nuclear Fuel, And Demanded That The United States Lift Sanctions Against Iran. According To Previous Reports From US Media, The United States May Have Explicitly Demanded During The Negotiations That Iran Dismantle Its Main Nuclear Facilities In Fordow, Natanz, And Isfahan, And Transport All Remaining Enriched Uranium To The United States

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The Foreign Ministers Of Saudi Arabia And Pakistan Held A Telephone Conversation To Discuss The Recent Conflict In Afghanistan And Explore Ways To De-escalate The Situation. Both Sides Emphasized The Importance Of Maintaining Regional Security And Stability Through Diplomatic Means

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U.S. Navy: The USS Ford Aircraft Carrier Remains Ready To Operate At Any Time

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Sources Say Venezuela Has Suspended 19 Oil And Gas Production-sharing Contracts Signed During Maduro's Rule

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Japan Economy Minister Kiuchi: Signs Of Inflation Slowing, Expect Real Wages To Turn Positive

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[Afghan Government Claims Pakistani Airstrikes On Kabul And Other Areas] On The 27th Local Time, Explosions Occurred In Kabul, The Capital Of Afghanistan, And Other Areas. Afghan Government Spokesman Zabihullah Mujahid Stated That After Clashes Between The Two Sides In The Border Region, Pakistan Bombed Parts Of Kabul, Kandahar, And Paktia. These Bombings Did Not Cause Any Casualties. He Also Stated That Military Operations Targeting Pakistani Security Outposts Along The Durand Line In Kandahar And Helmand Province Have Commenced

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China's Central Bank Sets Yuan Mid-Point At 6.9228 / Dlr Versus Last Close 6.8500

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US Vice President Vance: A Military Strike Against Iran Is "unlikely" To Lead To A Protracted War

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Sources Revealed That The Top U.S. Military Commander In The Middle East Briefed Trump On Thursday On Various Options For Military Action Against Iran

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Seoul Stock Market's KOSPI Falls More Than 2%

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Philippines January Trade Balance -4048 Million Dollars

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Philippines January Exports +7.9% From Year Ago

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Philippines January Imports -3.1% From Year Ago

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The U.S. Federal Aviation Administration Closed Airspace Over Fort Hancock, Texas, After Reports That Anti-drone Laser Weapons Had Been Used In The Area

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[Pakistan Airstrikes On Kabul And Other Areas In Afghanistan] Afghan Government Spokesman Mujahid Confirmed On Social Media Early On The 27th That Pakistani Forces Had Launched Airstrikes On Parts Of Kabul, Kandahar, And Paktia Provinces. No Casualties Have Been Reported So Far. Around 2:10 AM, A Loud Explosion Was Heard In Downtown Kabul, Followed By What Sounded Like Aircraft Flying Overhead, And Then Intense Gunfire. A Pakistani Military Source Told Reporters That Pakistan Launched Airstrikes On Key Afghan Military Facilities In Kabul, Kandahar, And Paktia Provinces Early That Morning. The Airstrikes Were In Response To An Afghan Attack On Pakistani Border Posts On The Evening Of The 26th, Destroying Several Afghan Command Posts, Ammunition Depots, And Logistics Bases. The Source Stated That After The Airstrikes On Kabul, Afghanistan Requested A Ceasefire, But Pakistan Decided To Continue The Airstrikes Until Its Objectives Were Fully Achieved

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South Korea's Lee To Visit Singapore And Philippines From March 1-4

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[US Trade Representative: Tariffs To Be Raised On "Some" Countries, Tariffs On China Expected To Remain At Current Level] In A Recent Media Interview, US Trade Representative Greer Stated That The 10% Global Tariffs Imposed By US President Trump Will Be Raised To 15% For "some" Countries, And "potentially Even Higher" For Others. He Also Indicated That Tariffs On China Are Expected To Remain At Current Levels Because The US "does Not Want To Escalate Tensions" And That "we Intend To Fully Abide By The Previously Reached Agreements."

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Japan January Factory Output Rises 2.2% Month-On-Month

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Yield On 10-Year Japanese Government Bond Falls 1 BP To 2.14%

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Sources Say Venezuela And The United States Will Revise The Oil Production-sharing Agreement Signed During The Maduro Government's Term, And The Two Sides May Also Terminate Parts Of The Agreement

TIME
ACT
FCST
PREV
Euro Zone Services Sentiment Index (Feb)

A:--

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U.S. Weekly Treasuries Held by Foreign Central Banks

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Japan Tokyo CPI YoY (Excl. Food & Energy) (Feb)

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Japan Tokyo CPI MoM (Excl. Food & Energy) (Feb)

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Japan Industrial Inventory MoM (Jan)

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Japan Retail Sales (Jan)

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Japan Retail Sales MoM (SA) (Jan)

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Japan Industrial Output Prelim YoY (Jan)

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Japan Retail Sales YoY (Jan)

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Japan Large-Scale Retail Sales YoY (Jan)

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U.K. GfK Consumer Confidence Index (Feb)

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Japan Construction Orders YoY (Jan)

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Japan New Housing Starts YoY (Jan)

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Turkey Economic Sentiment Indicator (Feb)

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France PPI MoM (Jan)

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Germany Unemployment Rate (SA) (Feb)

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India GDP YoY

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India Quarterly GDP YoY (Q3)

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France Unemployment Class-A (Jan)

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Mexico Trade Balance (Jan)

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South Africa Trade Balance (Jan)

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Brazil Unemployment Rate (Jan)

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Germany CPI Prelim MoM (Feb)

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Germany HICP Prelim MoM (Feb)

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Germany HICP Prelim YoY (Feb)

--

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U.S. PPI MoM Final (Excl. Food, Energy and Trade) (SA) (Jan)

--

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U.S. PPI YoY (Excl. Food, Energy & Trade) (Jan)

--

F: --

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Canada GDP QoQ (SA) (Q4)

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Canada GDP YoY (SA) (Q4)

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Canada GDP Annualized QoQ (SA) (Q4)

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U.S. Core PPI MoM (SA) (Jan)

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Canada GDP MoM (SA) (Dec)

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U.S. PPI MoM (SA) (Jan)

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U.S. Core PPI YoY (Jan)

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Canada GDP YoY (Dec)

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U.S. PPI YoY (Jan)

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Canada GDP Deflator QoQ (Q4)

--

F: --

P: --

U.S. Chicago PMI (Feb)

--

F: --

P: --

U.S. Construction Spending MoM (Dec)

--

F: --

P: --

Q&A with Experts
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    NEWBIE flag
    Kung Fu
    @Kung Fu I think it will still be very volatile bro and might have a break out
    Sanjeev Ku flag
    Kung Fu
    @Kung Fuexactly
    Kung Fu flag
    goldswingking
    [Iran Refuses To Transfer Enriched Uranium Abroad] According To Iranian Media Reports On February 26, During Indirect Negotiations With The United States In Geneva, Switzerland, Iran Stated That It Refuses To Transfer Its Enriched Uranium Abroad. Iran Insisted On Retaining Its Right To Peaceful Use Of Nuclear Technology And Its Ability To Produce Nuclear Fuel, And Demanded That The United States Lift Sanctions Against Iran. According To Previous Reports From US Media, The United States May Have Explicitly Demanded During The Negotiations That Iran Dismantle Its Main Nuclear Facilities In Fordow, Natanz, And Isfahan, And Transport All Remaining Enriched Uranium To The United States
    @goldswingkingwhat does the US need Iran's uranium for 😁
    Kung Fu flag
    NEWBIE
    @NEWBIEwhere do you think the breakout is going to happen , in which direction
    goldswingking flag
    upwards only
    Kung Fu flag
    Sanjeev Ku
    @Sanjeev Kuit's such a shame that a nation that's not known to be wealthy takes delight in such an aberration
    NEWBIE flag
    Kung Fu
    @Kung Fu For Nuclear bro, may it be powerplant or weapon. In this age, countries who don't have access to that is being left behind
    Kung Fu flag
    goldswingking
    upwards only
    @goldswingkinghahaha. I hope so though. But I asked you to look at GBPUSD. Have you?
    goldswingking flag
    we're leaving
    Kung Fu flag
    NEWBIE
    @NEWBIEyeah, I understand. I was just being sarcastic about it, you know
    goldswingking flag
    i only have gold on my mt5
    goldswingking flag
    nothing else
    goldswingking flag
    i lied i have btc too
    Kung Fu flag
    goldswingking
    i only have gold on my mt5
    @goldswingkingokay. I I have just hold and GBPUSD for a reason
    goldswingking flag
    hold gpusd? nice
    Kung Fu flag
    goldswingking
    i lied i have btc too
    @goldswingkingoh OK. I don't have any of those
    Sanjeev Ku flag
    Kung Fu
    @Kung Fu Yes
    Kung Fu flag
    goldswingking
    hold gpusd? nice
    @goldswingkingno, I'm not holding yet. But if gold gets stalled in a range and would not give me good entries in any day, but I GBPUSD becomes my go-to
    Sanjeev Ku flag
    Kung Fu
    @Kung Fui too have btc but short position
    Kung Fu flag
    Sanjeev Ku
    @Sanjeev Kuyes, I you're holding it in the right direction ,Brother
    Type here...
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          Pound Will Face Greater Depreciation Pressure

          Alan
          Summary:

          While the rebound in the services PMI provides short-term support for the British pound, the weakness in manufacturing, coupled with the stagflationary risks of a "wage-price" spiral, suggests that the pound may face significant downward pressure.

          SELL GBPUSD
          Close Time
          CLOSED

          1.29316

          Entry Price

          1.25200

          TP

          1.30500

          SL

          1.34770 -0.00046 -0.03%

          118.4

          Pips

          Loss

          1.25200

          TP

          1.30502

          Exit Price

          1.29316

          Entry Price

          1.30500

          SL

          Fundamentals

          Today's release of the UK's March PMI data presents a mixed picture of results.
          Specifically, the preliminary March Manufacturing PMI registered at 44.6, marking a sixth consecutive month of contraction and the lowest level since Q4 2023. The output index plunged into contraction territory for the first time since October 2023, while new orders plummeted due to declining exports, particularly to the EU. Concurrently, output price inflation surged to its highest level since April 2023, driven by escalating labor costs, including increases in National Insurance contributions and minimum wage adjustments.
          Furthermore, the manufacturing confidence index declined to its lowest point since November 2022, pressured by rising raw material costs that are squeezing profit margins. This situation exacerbates the pressure to reduce inventories, creating a negative feedback loop with weakening demand.
          It's noteworthy that while the preliminary March Services PMI reached a seven-month high of 53.2, the growth is concentrated in seasonal consumption sectors such as tourism and entertainment. Corporate surveys indicate that the growth rate of new orders has slowed for three consecutive months. The current expansion in the service sector relies on the residual impact of post-Olympics infrastructure investment. Fiscal tightening (a GBP5 billion cut in welfare) and high mortgage rates (averaging 5.8%) may suppress consumer momentum over the next three months.
          Overall, although the rebound in the Services PMI provides short-term support for the British pound, the collapse in manufacturing (a PMI of 44.6, nearing the recession threshold) and the stagflation risk of a "wage-inflation" spiral suggest that the pound may face significant depreciation pressure.

          Technical Analysis

          Pound Will Face Greater Depreciation Pressure_1
          In the 4H timeframe, the GBPUSD has entered a period of consolidation at elevated levels following a recent bullish surge. However, the declining highs and lows suggest waning bullish momentum, increasing the likelihood of a subsequent decline.
          Furthermore, the candlestick pattern in the 4H timeframe hints at the potential formation of a head and shoulders top. If the right shoulder materializes, it would significantly increase the probability of a GBPUSD downturn, with an initial downside target testing the 1.2500 support level.

          Trading Recommendations

          Trading Direction: Sell
          Entry Price: 1.2945
          Target Price: 1.2520
          Stop Loss: 1.3050
          Valid Until: April 7, 2025 23:00:00
          Support: 1.2887, 1.2500
          Resistance: 1.2973, 1.3014
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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