Australian dollar falls further after weak labor data
AUDUSD remains in red for the second consecutive day, with overall negative Australian September labor data, adding to downside pressure on renewed risk aversion.
Employment rose less than expected and was well below previous month’s…
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Euro loses traction as deepening crisis and higher oil prices hurt risk sentiment
EURUSD came under pressure on Tuesday, as risk sentiment started to fade on deepening crisis in the Middle East.
Higher oil prices and growing fears that the situation could deteriorate after Iran for oil embargo on Israel, add pressure…
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Israeli Shekel comes under pressure again after a limited and short-lived impact of intervention
The USDILS returns above 4.00 mark on Wednesday, following short-lived impact from a partial intervention from the Bank of Israel on Tuesday.
The pair dipped below 3.98 on pullback from new multi-year high at 4.0290, but fresh escalation…
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Oil price rises on growing supply fears
WTI oil price jumped almost 1.5% in Asian / early European session on Wednesday on renewed oil supply fears after a deadly blast at a Gaza hospital further raised tensions in the region.
Fresh advance resumes the rally from Oct 6 low…
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Deepening crisis in the Middle East lifts gold price to one-month high
Gold rose to the highest in almost one month on Wednesday morning, signaling bullish continuation after larger rally paused for consolidation in past two days.
Overall environment remains favorable for safe haven bullion which advanced…
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EURGBP accelerates higher on brightening German investor morale and weak UK pay growth data
EURGBP jumped almost 0.4% in European session on Tuesday, as pound came under increased pressure on below forecast UK pay growth data, which further decreased bets for BoE rate hike in Nov 2 policy meeting.
On the other hand, German…
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Cable weakens on downbeat UK earnings data; inflation report in focus
Cable pulls back in European trading on Tuesday, erasing a good part of Monday’s 0.65% jump, pressured by weaker than expected UK pay growth data, which increases pressure on those advocating for another BoE rate hike.
Markets await…
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Gold – bulls take a breather after strong rally on Friday
Gold pulled back from new highest in nearly one month on Monday, as traders collected some profits from last week’s 4.4% advance (only on Friday gold gained 3.3%).
The yellow metal rose sharply previous week, as growing uncertainty amid…
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Gold rises further and on track for the biggest weekly gains in over six months
Gold price rose to the highest in more than two weeks on Friday, as bulls regained control after pausing on Thursday, following short-lived drop, inspired by higher than expected US inflation in September.
Prevailing view that Fed’s…
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EURUSD – increasing risk of further weakness
EURUSD is consolidating in early Friday after nearly 0.9% drop on Thursday, sparked by higher than expected US inflation in September, which revived concerns that the fight with inflation is not over yet and added to expectations that the…
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