US inflation continued to descend in June, but is still well above 2% target
US inflation continued to ease in June, remaining in a downward trajectory from 9.1% peak (June 2022) for the thirteenth consecutive month and boosting optimism, although US policymakers remain cautious about the pace of decline, which is…
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GBPUSD – bulls lose traction on approach to 1.30 barrier; US CPI in focus for fresh signals
Cable eases from new 15-month high (1.2969), posted in late Asian trading on Wednesday, as bulls faced headwinds on approach to psychological 1.30 barrier, due to overbought daily studies.
Wednesday’s action was so far shaped in a…
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EURUSD holds firm tone and may accelerate higher on US inflation data
EURUSD is establishing above key levels at 1.1000/12 (psychological / June 22 peak), lifted by renewed risk appetite, as the dollar was sold across the board on signals that Fed’s tightening cycle is nearing its end.
The single currency…
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Dollar index falls to two month low on signals that Fed’s tightening cycle is nearing its end
The dollar index hit two-month low on Tuesday, as steep fall off 103.21/25 double-top (Jun 30/July 6) extends into fourth consecutive day and probed below key supports at 101.48/43 (Jun 22 low / Fibo 76.4% of 100.45/104.59 ascend).
The…
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AUDUSD – multiple upside rejections at 200DMA keep the downside at risk
Australian dollar edged lower on Tuesday, pushing towards the mid-point of near-term range (0.6595/0.6705) after 200DMA (0.6697) again capped upside attempts, fueled by improved Australian Jun consumer sentiment and business confidence…
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USDJPY- bears hold grip for attack at psychological 140 support
USDJPY extends steep fall into fourth straight day, with fresh acceleration in early Tuesday’s trading pressuring psychological 140 support (also Fibo 76.4% of 138.43/145.06 upleg).
Technical picture on daily chart weakened as 14-d…
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GBPUSD – bulls crack strong barriers en-route to 1.30 barrier
GBPUSD continues to trend higher and probed above 1.2900 barrier in early Tuesday, after cracking strong resistances at 1.2884/93 (200WMA / monthly cloud base).
Sterling received fresh boost from UK labor data which showed the highest…
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Euro keeps bullish stance for renewed attack at pivotal 1.10 zone
EURUSD keeps firm tone on Monday and resumed higher after brief consolidation, focusing psychological 1.10 barrier and June 22 peak (1.1012).
The Euro surged on Friday, following weaker than expected US non-farm payrolls, which deflated…
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US non-farm payrolls miss expectations in June
US employers hired less than expected workers in June, with non-farm payrolls increasing by 209K last month, below forecasted increase by 225K and missing to extend surge in May (306K, downwardly revised from initially reported 339K).…
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Gold falls sharply on upbeat US private sector payroll data
Gold price fell sharply on Thursday, after US ADP private payrolls rose way above expectations in June (497K vs 228K f/c and downwardly revised May figure from 278K to 267K).
Upbeat data point to strong labor market, despite growing…
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