Weak UK economic data add to cable’s negative outlook
Bears tightened grip on Friday, offsetting initial positive signal of Thursday’s long-tailed daily candle, formed on post-BoE dip and subsequent bounce.
Fresh weakness is pressuring six-month low (1.2231) and nearby 55WMA (1.2204) which…
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EURUSD – overall picture is bearish but headwinds continue to slow the action
EURUSD keeps negative tone, but near-term action seems to be lacking firmer direction signals.
Wednesday’s strong upside rejection left a daily candle with long upper shadow and formed a bull-trap above 10 DMA, signaling strong bearish…
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USDJPY rises towards 2023 high on dovish BOJ
USDJPY bounced after BOJ policy decision, reversing Thursday’s loss and pressuring new 2023 high.
The Bank of Japan left its ultra-low interest rate unchanged, in line with expectations and kept its dovish stance in a forward guidance…
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Cable hits 10-month low after BoE’s decision to keep rates unchanged
Cable dipped to the lowest in six months on Thursday after the Bank of England kept rates unchanged for the fist time since December 2021 and against consensus for 25 basis points hike.
The policymakers were split and voted by narrow 5-4…
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Aussie dollar falls on post-Fed risk aversion
AUDUSD was down 0.7% in Asian/European trading on Thursday, extending post-Fed drop (falling in total 1.6% since FOMC announcement).
Fed’s hawkish hold, in which the central bank kept interest rates unchanged but signaled one more hike…
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Gold loses ground after hawkish signals from Fed
Gold fell further on Thursday, deflated by hawkish stance of the US Federal Reserve, as the central bank kept interest rates on hold in its September’s policy meeting which ended on Wednesday, but signaled another hike by the end of the…
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Swiss franc falls sharply after SNB surprise to keep rates on hold
EURCHF surged 0.8% in immediate reaction to decision of the Swiss National Bank to pause its current cycle of interest rate hikes.
In the policy meeting held today, the SNB kept its interest rate unchanged at 1.75%, against widely…
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Dollar was lifted by Fed’s hawkish pause but facing headwinds from strong technical…
The dollar index rose to new multi-month high in early Thursday, boosted by Fed’s decision to keep rates on hold at September’s meeting but signaling another hike by the end of the year, which markets saw as hawkish rate pause.
The US…
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Oil price eases from new 2023 high ahead of Fed
WTI oil price extends pullback from new 2023 high ($93.71) into second consecutive day (down around 2% in Asian / European trading today) as traders partially collected profits and positioning for the Fed policy decision.
Overall picture…
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GBPUSD falls on softer than expected UK inflation data
Cable fell to new multi-month low (the lowest since May 26) early Tuesday, hit by softer than expected UK inflation readings in August.
Annualized CPI dropped to 6.7% (the lowest since Feb 2022) from 6.8% in July and beating forecast for…
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