EURJPY rises to 15-year high
The EURJPY cross rose to new 15-year high on Friday, extending a steep upleg from 148.60 higher base into sixth straight day, and also on track for the biggest weekly gain since the second week of July 2016.
Bullish stance remains fueled…
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Bulls may take a breather after strong post-ECB rally
The Euro rose further and hit new five-week high on Friday morning, keeping firm bullish tone after 1.06% rally on Thursday (the biggest one-day gain since Feb 2).
The single currency was lifted by hawkish ECB, which raised interest…
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USDJPY receives fresh boost from unchanged BOJ
The USDJPY regained traction in early Friday after the Bank of Japan kept its policy unchanged that pushed yen lower across the board.
Fresh strength looks for retest of Thursday’s high at 141.50 (new 2023 peak) after bulls were strongly…
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ECB raises interest rates to a multi-year high and remains on track for more hikes
The European Central Bank raised interest rates by 25 basis points to 3.5%, the highest since 2001.
The ECB increased its key rates for the eighth consecutive time and left the door open to more hikes, as conditions are unlikely to…
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Bulls hold grip ahead of ECB rate decision
The Euro kept firm tone on Thursday despite strong upside rejection at 1.0863 (Fibo 50% of 1.1091/1.0635) on Wednesday, as dips were contained by former strong resistance at 1.0805 (daily cloud base) now reverted to solid support.…
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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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