Gold falls to three-month low as Fed signals more rate hikes
Gold fell to the lowest in almost three months on Thursday, after the Fed kept interest rates unchanged, as widely expected, but signaled more rate hikes towards the end of the year.
The central bank keeps focus on inflation, which still…
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USDJPY rallies on hawkish signals from Fed
The USDJPY surged to new 2023 high in early Thursday, lifted by Fed’s ‘hawkish hold’, as the US central bank left interest rates unchanged, but signaled that rates may rise more in the second half of the year.
On the other hand, the Bank…
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Cable hits new 2023 high, underpinned by hawkish BoE and weaker than expected US PPI data
Cable hit new 2023 high on Tuesday on fresh bullish acceleration which extends into the second consecutive day.
Sterling received fresh support from weaker than expected US producer prices in May, which showed the smallest annual…
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Bulls crack pivotal resistance zone as Fed is expected to stay on hold
Australian dollar remains bid in Asia / early Europe on Wednesday, underpinned by weaker dollar and rise in Dalian iron ore.
Bulls cracked the lower boundary of strong resistance zone at 0.6807/18 (50% retracement of 0.7157/0.6458 / May…
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Dollar index attacks again key supports ahead of Fed’s verdict
The dollar index is standing at the back foot and consolidating above three-week low in early Wednesday, following Tuesday’s post-US CPI drop and subsequent bounce which kept the price action above key supports at 103.15/01 (top of thick…
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US consumer prices ease below expectations, but underlying inflation remains elevated
US inflation rose by 4% in May, marking the smallest annualized increase in more than two years, following 4.9% rise in April and undershooting 4.1% forecast.
Monthly inflation barely rose in May, climbing 0.1%, compared to 0.4% increase…
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Bulls crack key barrier, awaiting US inflation data for fresh signals
The Euro advanced nearly 0.5% in early Tuesday, driven by weaker dollar ahead of release of US May inflation data.
Fresh risk appetite on expectations that inflation will cool further in May and add to Fed’s plans to stay on hold in June…
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Larger bulls pause ahead of key economic events
Cable pulled back from new one-month high on Monday, as traders collected profits from rally in past three days.
Overbought daily studies contributed to decision, though investors exited longs ahead of key events this week – UK…
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WTI oil falls below $70 on demand concerns
WTI oil price continues to fall and lost around 6.5% of its value in last three days, with fresh bearish acceleration on Monday, breaking well below psychological $70 (the session low in Europe was $67.66).
The sentiment was soured by…
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AUDUSD – hawkish RBA and Fed expected to stay on hold continue to fuel bulls
Australian dollar continues to trend higher vs its US counterpart and hit five-week high and hit five-week high in European trading on Monday.
The Aussie remains underpinned by the latest RBA action, after the central bank surprised by…
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