EURUSD slumps to one-month low, signals further weakness
EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must slow to prevent threats to humanity…
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US inflation picks up in August, adds to prospects for Fed rate hike
The US Consumer Price Index increased 0.4% in August, in line with expectations, after gaining 0.1% in July.
Annualized figure showed that inflation rose 3.4% in twelve months to August, unchanged from the previous month and matched…
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GOLD – bears take a breather after 2% drop, traders eye US inflation data for fresh signals
Gold edged higher in early Friday trading on a partial profit-taking after Thursday’s 2% drop, as traders await release of key US inflation data for fresh direction signals.
Gold was deflated by sharp rise in oil prices and under…
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ECB raises interest rates as inflationary pressures continue to rise
The European Central Bank raised interest rates for the second time this year, seeking to control an energy-driven rise in inflation triggered by a fresh escalation of the war in the Middle East and growing threats that fuel prices could…
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Brent surges to $106 per barrel as hostilities in the Middle East escalate further
Brent oil price surged over $3 on Thursday and hit levels close to $106, last traded on May 22 after Wednesday’s break and close above psychological $100 barrier generated strong bullish signal.
Strong escalation in the Middle East which…
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EURGBP – bulls regain traction and return above daily cloud
EURGBP jumps 0.3% on Wednesday as Euro gets inflated by weaker dollar and expectations that the ECB will join the trend of policy tightening by the major central banks, while the Bank of England is likely to keep more cautious approach and…
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Dollar remains on defensive ahead of US inflation data
The dollar index continues to trend lower for the second consecutive week and hit new lowest in almost three weeks on Wednesday.
The dollar reversed direction and entered downtrend since the US-backed intervention to support weakening…
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AUDUSD hits four-month high, overbought studies warn that bulls may start losing traction
AUDUSD extends the latest upleg from 0.7121 higher low into fifth consecutive day, underpinned by growing expectations for RBA rate hike at the policy meeting on Sep 29.
The latest comments from RBA policymaker underlined bank’s strong…
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Brent price nears $100 per barrel on fresh escalation in the Middle East
Brent hit new multi-week high on Tuesday following fresh escalation in the Middle East which threatens to further disrupt a tiny flow through the key Strait of Hormuz supply route.
The price neared psychological $100 barrier after…
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Japanese yen extends gains, hits the highest in over six months
USDJPY accelerated lower at the start of the week (down over 1% in Asian / European trading on Monday), attempting to resume a sharp fall of last week, which made a brief pause on Friday.
Japanese yen was lifted from its multi-decade…
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