The latest rate hike shows that the ECB prioritizes fight with inflation
The European Central Bank raised its key interest rate on Thursday, pushing it to a record high of 4%, choosing to continue to battle high inflation despite strong warning that economic growth has entered a steep downtrend in condition of…
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WTI Oil – bulls eye $90 barrier, underpinned by tight supply outlook
WTI oil keeps firm tone and hit new multi-month high on Thursday, approaching psychological $90 barrier.
Tighter global supply outlook on the recent decision of Saudi Arabia and Russia to extend production cut until the end of the year,…
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EURUSD – ECB’s verdict expected to define near-term direction
EURUSD is in a quiet mode in European session on Thursday, awaiting fresh direction signals from the ECB’s decisions on today’s policy meeting.
Near-term action remains at familiar levels, near the mid-point of a narrow range which…
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Dollar index – bulls return to play after a shallow correction; all eyes on US inflation data
The dollar index gained traction on Wednesday, signaling that a shallow correction from new multi-month high at 105.10 (Sep 7) might be over.
Larger bulls took a breather after facing headwinds on approach to key barriers at 105.13/47…
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Sterling was hit further by weak UK GDP data, but key support still holds
GBPUSD was down over 40 pips this morning in immediate reaction to weaker than expected UK GDP data.
The price fell to the lowest in more than three months, attempting to break out of the recent four-day consolidation and pressuring…
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Gold loses ground ahead of US inflation report
Gold price fell on Tuesday, hitting the lowest in more than two weeks, pressured by fresh strength of dollar, just a day ahead of this week’s key event – US inflation report for August.
Inflation in the US is likely to rise in August,…
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GBPUSD dips after weak jobs data but still looks for clearer direction signal
Cable loses traction after weak UK jobless data and dips below 1.2500 mark on Tuesday morning.
Fresh weakness adds to signals that brief recovery is likely over, after Monday’s strong upside rejection which left daily candle with long…
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What will the ECB decide in September’s policy meeting
The European Central Bank will hold its September policy meeting on Thursday, with a million dollar question what the policymakers will decide in the situation when the central bank is pressured by two strong and opposite forces.
The…
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Yen jumps on unexpected media reports signaling possible policy shift
USDJPY opened with gap-lower on Monday and fell to one week low, following 0.65% drop in Asian session.
Yen received fresh support from media comments which suggest that BoJ Governor Ueda is considering possible change in monetary…
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USDJPY likely to extend sideways mode, awaiting fresh signals from US inflation report
USDJPY is holding in a sideways mode under new 2023 top for the third consecutive day but remains on track for bullish weekly close.
Today’s short-lived dip was contained by rising 10DMA and left long tail on daily candle, pointing to…
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