China’s exports grew in November for first time in six months
China's exports grew by 0.5% from a year earlier in November, expanding for the first time in six months, suggesting that Chinese factories are attracting buyers through discount pricing to overcome a prolonged slump in demand.
Imports,…
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Japanese yen surges on signals that BOJ is about to exit its ultra-loose policy
USDJPY accelerated lower (down 1.4% in Asian/early European session) on Thursday, driven by growing market expectations that the Bank of Japan will soon start exiting its long lasting ultra-low monetary policy, which strongly boosts demand…
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Bank of Canada holds rates, but remains concerned about inflation
The Bank of Canada decided to keep its key overnight rate at 5%. This follows two rate hikes in June and July, bringing it to a 22-year high. The rates have been on hold in the three policy-setting meetings since then.
Despite…
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US private payrolls fall below expectations in November – ADP
Private payrolls in the United States increased by 103,000 jobs in November, the ADP National Employment Report showed.
Last month’s figure fell short of expectations for 130,000 jobs added, indicating a slower pace of job creation,…
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WTI OIL – bears hold grip on demand concerns, OPEC+ decisions
WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months.
Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from…
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Cable – limited correction likely to precede fresh rise, US labor data in focus
Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the sentiment.
Traders await…
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EURGBP hits new multi-month low, but oversold studies continue to obstruct bears
EURGBP fell to three-month low early Wednesday, attempting to resume larger downtrend, after a brief consolidation in past two days.
Larger bears regained traction following a double rejection of recovery attempts and received fresh…
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AUDUSD falls further as RBA decision disappoints traders
AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian central bank to keep interest rates unchanged.
Although the RBA’s statement kept hawkish bias, traders…
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EU services PMI comes slightly better in November, but risk of recession persists
The latest survey on euro zone business activity suggests that while the downturn in business activity has eased, it still indicates that the bloc's economy is likely to contract again in the current quarter. This is particularly attributed…
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Reserve Bank of Australia left interest rates unchanged in December
The Reserve Bank of Australia has decided to keep interest rates steady at its December policy meeting, maintaining the cash rate at a 12-year high of 4.35%.
This decision was in line with market expectations, allowing the central bank…
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