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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USDTRY hits new record high; CBRT expected to sharply raise interest rates on June 22
USDTRY extends steep ascend of past two weeks and hit new record high on Monday morning, after starting week with gap-higher opening.
There are no firm signs that the latest rally may run out of steam, as initial signals (Thursday’s…
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Canadian dollar keeps firm tone despite downbeat Canada’s labor data
The USDCAD continues to trend lower and on track for the second straight big weekly loss, as Canadian dollar received fresh boost from unexpected BOC rate hike earlier this week and renewed hawkish stance, which suggests that further…
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GBPJPY is trading near the highest in 7.5 years
The GBPJPY keeps firm bullish tone and riding on extended third wave of five-wave cycle from 155.35 (Jan 3 low) and trading near the highest level in 7.5 years on Friday.
The cross is on track for the fourth consecutive weekly gain, as…
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China’s inflation remains anemic in May; factory prices drop at the fastest pace in 7 years
China’s consumer prices rose 0.2% y/y in May, missing forecast for 0.3% increase, slightly better from 0.1% rise in April, but remains in a steep downward trajectory since January’s 2.1% peak.
The key CPI driver, food inflation, was…
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Euro rises despite downbeat EU GDP data
The Euro accelerated higher on Thursday, advancing 0.65% until early US session, lifted by weaker dollar on US rate outlook uncertainty, ignoring downbeat EU Q1 GDP data, which indicate that economy is recession.
Fresh bulls cracked…
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British pound rises on weaker dollar, bulls look for confirmation on close above thick daily cloud
Cable accelerates higher on Thursday, lifted by weaker dollar as markets are still not sure what the Fed will decide in the next week’s policy meeting.
The latest surprises from RBA and BOC raise hopes that the US central bank would opt…
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Aussie keeps bullish tone and attacks again key barriers
Australian dollar regained traction on Thursday and probing again through key 0.6680/90 resistance zone (daily cloud base / Fibo 61.8% of 0.6818/0.6458 / 200DMA) following a false break on Wednesday.
The latest hawkish comments from…
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Canadian dollar receives fresh boost from BOC hawkish hike
The USDCAD pair is holding firmly in red for the third straight day and near one-month low, posted on Wednesday after a BOC hawkish hike.
The Bank of Canada surprised markets by raising interest rate by 25 basis points to 4.75%, the…
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