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The Fed continues to tighten policy

News of the day, Thursday, 5 May

The Federal Reserve raised the interest rate by 0,5% yesterday. This hike was the biggest since 2000, as inflation has been soaring for a while now. Jerome Powell also mentioned that further inflation measures might cause “some pain”.

"In support of these goals, …

Gold analysis

Gold prices bounced up and reached the main resistance 1900.00 after touching the 1850.00 support level during the past two days. The price breached several resistance levels during the bullish rebound movement, the most important of which is the level of 1890.00. As the price stability above this level may …

GBP/USD currency pair analysis

The GBPUSD pair failed to maintain the bullish rebound movement that occurred yesterday under the influence of the US Federal Reserve interest rate decision. Rebound down to the 1.2500 support level and return to the sideways track around the previous support is expected.

The downside movement comes under the influence …

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