US April S&P Global services index 51.3 vs 50.3 expected

Prior was 49.8 Manufacturing 54.0 vs 52.5 expected – -highest since May 2022 Prior manufacturing 52.4 Composite 52.0 vs 50.5 expected Composite prior was 51.4 Employment basically flat for a second month Input cost inflation at an 11-month high Output prices rising at the fastest pace since July 2022 This is a two-month high in services and a nice…

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Statecraft focus reshapes FX benchmarks – Rabobank

Rabobank’s Global Strategist Michael Every highlights how United States (US) economic statecraft is reinforcing the global role of the US Dollar (USD) through tools such as suspended Dollar shipments to Iraq and potential new swap lines for Gulf and Asian allies. He argues traditional FX benchmarks like EUR/USD, GBP/USD and USD/JPY are becoming less central in a resource- and…

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Canadian Dollar Steadies as Long-Term Oil Correlation Weakens. Forecast as of 23.04.2026

2026.04.23 2026.04.23 Canadian Dollar Steadies as Long-Term Oil Correlation Weakens. Forecast as of 23.04.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Canadian dollar is the currency of an oil-exporting country, yet USD/CAD quotes are more sensitive to US stock market indices rather than to Brent and WTI. Why is this happening? Let’s explore this situation and make a trading plan. The article covers…

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UK industry sees business situation at the most pessimistic since the Covid pandemic

The manufacturing PMI data for April earlier reflected a good uptick in overall business activity. However, it belies the underlying situation as the “better” conditions were largely driven by firms bringing forward orders. The frontloading is mostly due to wanting to obuild safety stocks in anticipation of rising prices and supply constraints. The latest CBI data is more telling…

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Returns above 20-day EMA as Hormuz remains closed

West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on Thursday. The Oil price gains as the Strait of Hormuz, a vital passage to almost 20% of global energy supply, remains closed despite a ceasefire extension between the United States (US) and Iran. The Hormuz remains seized by the Iranian…

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Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.04.2026

2026.04.23 2026.04.23 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.04.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price may fall in impulse . Consider short positions with a Take Profit at 62,400.16. XRPUSD: Impulse (C) is projected…

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What are the main events for today?

EUROPEAN SESSION In the European session, we have the Flash PMIs for the major Eurozone economies and the UK. We already got the PMIs for Australia and Japan and although they showed resilience, they highlighted that the war in the Middle East is the key factor dampening optimism, with economic performance unlikely to be sustained unless uncertainty is reduced…

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