Strong US. Dollar awaiting important economic data and interest rate decision
A strong rise for the US dollar against a basket of major currencies, as it continues its gains for the third consecutive week, rising more than 1% over this week.
We witnessed a strong USD rise amid a state of anxiety prevailing in the…
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Credit rating downgrade for the United States and better-than-expected job data
The credit rating downgrade for the United States is one of the most significant events that occurred in the global financial markets in the past hours, causing fluctuations in the markets.
The rating agency, Fitch, announced a long-term…
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Strong U.S. economic growth supports the dollar, as anticipation for inflation data grows
Strong economic growth during the second quarter of this year, reaching a rate of 2.4% according to data released on Thursday, supported the dollar against a basket of currencies. The economic data released yesterday indicated an…
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EURUSD – bulls accelerate ahead of expected ECB rate hike
EURUSD accelerated higher on Thursday, gaining 0.6% in late Asian / European trading, lifted by expectations for 0.25% rate hike today and signals of possible another hike in September.
The ECB continues to face threats from high…
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Fed and ECB likely to remain on hawkish track as inflation is still well above targets
The US Federal Reserve raised interest rates by 25 basis points in its July policy meeting, in line with expectations and the European Central Bank is widely expected to deliver another 0.25% hike today, with both central banks pointing to…
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WTI OIL – narrow consolidation likely to precede push through $80 barrier
WTI contract is trading within a narrow range just under new three-month high ($79.87) and psychological $80 barrier, as traders reduced speed ahead of key event – Fed rate decision.
The US central bank is widely expected to raise…
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GBPUSD – recovery is facing headwinds at pivotal Fibo resistance
Recovery from 1.2800 zone extends into second straight day, adding to initial positive signal from Tuesday’s bullish engulfing, but bulls face headwinds at pivotal Fibo barrier at 1.2929 (38.2% retracement of 1.3141/1.2797 bear-leg).…
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Gold keeps firm tone as traders await fresh signals from Fed
Gold price rises for the second consecutive day, driven by weaker dollar, but traders remain cautious ahead of Fed’s rate decision at the end of two-day policy meeting.
Markets widely expect the central bank to deliver another 25 basis…
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Dollar index – five-day rally loses traction ahead of Fed decision
The dollar index is standing at the back foot on Wednesday, after hitting a two-week high, as traders decided to collect some profits and awaiting fresh signals from the Fed’s decision.
The US Federal Reserve FOMC two-day policy meeting…
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USDJPY – bulls are pausing ahead of Fed’s decision
Near-term action is holding in a sideways mode for the second consecutive day, after 2.1% acceleration of last Wed/Thu/Fri ran out of steam on approach to 142.00 zone (psychological / Fibo 61.8% of 145.06/137.23 fall).
Still strong bids…
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