Eurozone consumer prices eased more in June, but underlying inflation continued to rise
Eurozone consumer prices continued to decline for the third consecutive month in June, with slower rise in food prices and lower fuel cost being the main contributors to easing inflation.
Annualized EU CPI dropped to 5.5% in June from…
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GBPUSD stays afloat above 1.2600 but the downside is still at risk
Cable dipped after weak UK data on Friday (current account gap widened and the economy barely grew in Q1) but so far staying afloat above 1.2600 handle (round-figure / Fibo 23.6% of 1.1802/1.2842 rally), which also contained drop on…
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EURUSD is holding at key support zone ahead of EU inflation data
Bears are taking a breather early Friday and consolidating ahead of release of EU June inflation data.
The pair was down almost 0.9% in past two days, pressured by stronger dollar on solid US economic data which add to Fed’s hawkish…
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Probe through pivotal Fibo support faces strong headwinds again
EURUSD remains at the back foot and extends weakness into second straight day, cracking pivotal supports at 1.0883/68 (55DMA / Fibo 38.2% of 1.0635/1.1012 upleg).
German inflation rose above expectations in June, adding to rate hike…
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Gold hits new 14-week low on break of psychological $1900 support
Gold price fell further and hit new multi-week low on Thursday, following break of psychological $1900 support.
The yellow metal price remains firmly in red, weighed by hawkish central banks which signaled further rate hikes to continue…
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Bulls hold grip but still face headwinds from strong resistances
EURGBP is consolidating after 0.70% advance in past two days, sparked by renewed ECB and Fed’s hawkishness, but keeps firm tone for renewed attack at pivotal 0.8643/54 barriers (Fibo 38.2% of 0.8875/0.8518 / 10WMA) where bulls faced…
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Bulls start to lose traction on approach to 145, possible intervention trigger
USDJPY hit new highest since Nov 10 in early European trading on Thursday (144.69), approaching significant 145 level, above which the Bank of Japan signaled it may intervene to support its weakening currency.
Yen remains under increased…
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Cable loses ground and dips nearly 1%
Cable was sharply down on Wednesday, losing 0.9% until early US session, as pound was weaker against all major counterparts.
Fresh bears broke below the floor of the recent range (1.2684) and cracked key near-term supports at 1.2641/34…
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Dollar index regains traction and attacking key near-term barriers
The dollar index rose on Wednesday, as greenback regained traction on fresh weakness of index’s major components – Euro and British pound.
Fresh advance fully reversed Tuesday’s dip and generated an initial signal that two-day pullback…
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Aussie dollar falls further on Australian May CPI well below expectations
Australian dollar accelerated lower and hit three-week low in early Wednesday’s trading, signaling continuation of larger downtrend which paused in past two days.
Strong decrease in Australian inflation (May 5.6% vs 6.1% f/c; Apr 6.8%)…
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