US core inflation rises above expectations in February – PCE
The US Personal Consumption Expenditures price index (PCE), Fed’s preferred inflation gauge, increased 0.3% month on month in February, unchanged from January figure and in line with expectations.
Annualized figure was also unchanged at…
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Gold hits new record high, on track for strong weekly, monthly and quarterly gains
Gold spiked to new record high ($3086) in early Friday trading, in extension of Thursday’s 1.2% advance.
The yellow metal is on track for the fourth consecutive weekly gain and also for the third straight bullish monthly close (over 7%…
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USDJPY – bulls eye key technical barriers at 151.25/30
USDJPY is establishing above 150 support as fresh gains extend into second consecutive day and fully reverse Tuesday’s 0.7% drop.
Bulls cracked 151.00 level on Thursday and pressure pivotal barriers at 151.25/30 (Fibo 38.2% of…
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Gold rises further on new US tariffs
Gold price rose to one week high on Thursday after President Trump announced a new package of tariffs on imported cars.
New addition to the set of reciprocal tariffs from the world’s largest economy, due to become operational on Apr 2,…
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Unexpected drop in UK inflation in February is likely to be short-lived
British consumer prices rose by 2.8% year on year in February compared to 3.0% increase previous month, and fell below consensus for 2.9% rise
The main contributor to unexpectedly strong drop in inflation in February were footwear and…
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Crude oil rises further on supply concerns, key barriers come under pressure
WTI oil price continues to trend higher for the sixth consecutive day and hit the highest in three weeks on Wednesday.
Stronger than expected drop in US crude stocks last week (API report) contributed to the latest acceleration higher,…
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Cable eases after soft CPI data but still lacks clearer direction signals
Cable fell to two-week low on Wednesday on softer than expected UK February inflation data that fuel expectations for BoE rate cut in May.
Fresh weakness pressure support at 1.2883 (20DMA / last Friday’s low) break of which to open way…
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Gold – bulls regain traction after a double rejection at key $3000 support
Gold price bounced on Tuesday after a double failure on important $3000 support signaled that shallow correction from new record high might be over.
Persisting uncertainty over the magnitude of negative impact from looming US reciprocal…
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German business sentiment improves in March – Ifo
German business morale rose in March, according to an Ifo survey released on Tuesday, as companies anticipate a recovery after two years of economic contraction in Europe’s largest economy.
The Ifo Institute reported that its business…
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EURUSD – recovery attempts above Fibo support / 20DMA
EURUSD ticked higher on Tuesday after four-day pullback from new multi-month high at 1.0954 (larger rally stalled just under Fibo resistance at 1.0969) found temporary footstep at 1.0771 (Fibo 23.6% of 1.0177/1.0954 rally).
Partial…
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