Bears look for further extension
The Euro extends weakness in early Wednesday’s trading, following return below 1.07 mark and tested Fibo support at 1.0669 (76.4% retracement of 1.0635/1.0779 recovery leg).
Optimistic signals from ECB’s survey which showed that EU…
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Dollar keeps firm tone ahead FOMC rate decision
The dollar index regained traction and returned back above 104 mark on Tuesday, on track to fully retrace recent 104.58/103.30 pullback.
The greenback was in a shaky mode in past few days, as increased volatility was sparked by Fed’s…
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Extended range trading ahead of Fed policy decision
Gold is trading within a narrow range in European session on Tuesday but holding slight bid after Monday’s bounce which recovered around 50% of Friday’s post NFP 1.5% fall.
Technical studies are mixed on daily chart, as the metal’s price…
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Australian dollar rises to three-week high on RBA’s hawkish shift
Australian dollar rose to three-week high in early Tuesday, after RBA’s surprised by 25 basis points rate hike vs widely expected unchanged policy on today’s meeting.
Australia’s central bank lifted interest rates to 4.1%, the highest in…
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Close within daily cloud to signal further weakness
Cable extends weakness into the second consecutive day, pressured by higher dollar on strong US NFP beat, which partially offset negative impact on expectations that the Fed would stay on hold in \June policy meeting.
Fresh bearish…
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Oil price jumps on Saudi big oil cuts
WTI oil opened with 2.6% gap higher on Monday, lifted by decision of Saudi Arabia to reduce production to 9 million barrels per day in July from 10 million in May, the biggest reduction in years.
The Saudi Arabia’s cut comes on top of…
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Strong US job growth in May tempered by lower wages and jump in unemployment
US employers hired 339,000 workers in May, well above forecasts for increase in payrolls by 190,000 and April’s upwardly revised figure from 253,000 to 294,000.
May’s rise in payrolls was the strongest since January, indicating that the…
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AUDUSD – strong recovery extends into second straight day
Australian dollar extends strong rally into second straight day, lifted by weaker US dollar on debt ceiling deal, signals that China is working on new property market support package, expected wage raise as from July 1 and higher than…
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Cable at two-week high above 1.25 ahead of US labor report
Cable is establishing above 1.2500 mark, in extension of six-day rally from 1.2310 higher base, boosted by hawkish BoE outlook, with the latest acceleration sparked by fresh weakness of the US dollar, as tensions about debt ceiling eased.…
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Euro holding steady after Thursday’s bounce, key barriers at 1.08 zone in focus again
Near-term focus shifted higher following Thursday’s strong bounce on repeated failure under 1.07 support, which formed bullish engulfing pattern on daily chart and confirmed a bear-trap under 1.0652 Fibo support
The Euro hit one-week…
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