USDJPY stands at the front foot ahead of BoJ / Fed policy meetings
USDJPY has so far retraced over 50% of the recent 150.88/146.48 drop, in steep recovery that extends into fifth straight day.
Fresh strength emerged from profit-taking after the pair was sharply down on growing speculations that the BoJ…
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EURUSD is taking a breather after strong fall on Thursday
The Euro is consolidating after almost 0.6% drop on Thursday (the biggest one-day loss since Feb 13).
Stronger than expected US PPI data added to hawkish rate outlook following last week’s hot inflation report and lifted the dollar.…
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Oil prices continue to rise on brighter demand outlook
WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6.
Near-term bullish sentiment improved after the latest International Energy…
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GBPUSD remains constructive ahead of US data
Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over.
Two-day pullback was contained by rising 10DMA, with strong downside rejection on…
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Gold regains traction after a shallow pullback as June rate cut expectations remain in play
Gold price rose on Wednesday, reversing a part of Tuesday’s 1.1% drop, sparked by hotter than expected US inflation data, which temporarily cooled expectations for rate cut in June.
Fresh gains suggest that markets believe, after…
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AUDUSD starts to regain traction after a shallow pullback
AUDUSD is holding within a narrow range around 0.6600 handle on Wednesday, after the pullback in past three days started to run out of steam.
Tuesday’s long-legged Doji signaled indecision and hinting that corrective phase might be close…
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Bitcoin price continues to rise, but do not ignore strong signals of correction
Bitcoin regained traction early Wednesday and rose to new record high, after bulls took a brief breather previous day.
Demand remains very strong on huge inflows into recently approved ETF’s, which continues to inflate the price (bitcoin…
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UK economic growth picks up at the start of 2024 – GDP
British gross domestic product grew by 0.2% month on month in January, in line with expectations, after contracting by 0.1% in December, with a rebound in retailing, wholesaling and house building, being the main contributors to…
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US consumer prices in rise in February
US inflation rose above expectations in February, mainly driven by higher costs for petrol and housing, warning that prices are still sticky, which could have more negative impact on growing expectations for Fed’s first rate cut in June.…
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Cable eases from new eight-month high ahead of key economic data
Cable eases on Monday after last week’s 1.6% rally (the biggest weekly gain since the second week of November) hit eight-month high (1.2893).
Profit-taking and risk aversion contributed to fresh weakness, which so far looks as…
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