US: Factory orders increased 1.9% in March vs 1.5% expected

The data published by the U.S. Census Bureau today revealed that factory orders expanded by 1.9% on a monthly basis in March following February's 0.3% contraction and surpassed the market expectation for an increase of 1.5%.

The US Dollar Index, which touched a daily high of 97.82 earlier in the session, ignored the data and was last up 0.16% on the day at 97.77.

Crude Oil Technical Analysis: WTI melts down sub-$62.00 a barrel

Oil daily chart WTI is trading in a bull trend above its main simple moving averages (SMAs). WTI is back to April’s lows near 62.00 figure. Oil 4-hour
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GBP/USD refreshes session low, now eyeing 1.30 mark amid a modest USD uptick

• BoE lowers its inflation forecast and disappoints GBP bulls. • The USD gains some traction amid positive US bond yields. • Traders now start reposi
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