Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
AI Memory Boom Sparks Global Chip Supply Crunch 
Today’s space race could turn fatal if we don’t agree on new rules 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
UK's manufacturing and industrial production surprised on the upside in March as today's data showed.
- Manufacturing rose 1.1% in March on yearly basis and rose 0.4% m/m and industrial production rose 0.5% m/m and 0.7% on yearly basis.
Pound has taken positive cues and steered to the upside. Pound is currently trading at 1.566 against dollar heading next set of interim resistance around 1.575.
Today's data is definitely a positive welcome to UK's ailing industry, however it remains too early to say that manufacturing has rebounded.
On another hand retail sector and prevalent domestic discounts by retailers point that domestic demand still remains weak.
- BRC retail sales dropped by -2.4% on yearly basis in April, whereas rebound in March was much stronger at 3.2%.
Since Industrial production is lagging BRC retail sales by a month, it poses doubts over the sustenance of Industrial rebound.
Pound is however taking no note of such as of now, buoyed by back to back positive news since last week when conservatives returned to power with outright majority. Pound is very much likely to test resistance around 1.595-1.60 as bulls remain in charge.
