Bank of England raises interest rates by 25 basis points on higher inflation / bank worries
The Bank of England delivered another rate hike in its March policy meeting, raising interest rates by 25 basis points to 4.25%, the highest since 2008.
This was BOE’s 11th consecutive rate increase, in the cycle that started in December…
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Bulls are running out of steam after a six-day rally
Steep ascend extends into sixth consecutive day, with strong acceleration seen in post-Fed period on Wednesday and extending to new seven-week high in late Asian / early European trading on Thursday.
However, long upper shadows on daily…
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Gold regains traction on Fed’s dovish shift / growing uncertainty
Gold keeps firm tone on Thursday and rose further, in extension on Wednesday’s post-Fed 1.5% rally.
The metal shined after dovish shift from the US policymakers deflated dollar, while growing uncertainty over the simmering crisis…
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Dovish Fed further deflates dollar
The dollar index remains firmly in red for the sixth straight day and hit new seven-week low in early Thursday, after Fed’s decision further soured the sentiment.
The US central bank raised interest rates by 25 basis points to 4.75% /…
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Dollar is in quiet mode ahead of Fed’s decision
The dollar index remains at the back foot, but holding in a quiet mode on Wednesday, awaiting Fed’s decision for fresh direction signal.
Technical picture is firmly bearish on daily chart and favor further weakness, though oversold…
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USDJPY probes through key barrier; Fed decision likely to define near-term direction
The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong downside rejection at…
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Pound receives fresh support from hawkish shift in rate expectations as inflation rises
Cable jumped to a seven-week high in European trading on Wednesday, after UK inflation report showed unexpected rise in consumer prices, causing a hawkish shift in rate expectations, one day ahead of BOE policy meeting.
Markets now…
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UK inflation jumps to 10.4% in February
Inflation in Britain unexpectedly rose to 10.4% in February, jumping from 10.1% in January and well above 9.9% forecast, with inflation above 10% described by policymakers as dangerously high.
The biggest contributor to unexpected jump…
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German investor morale falls sharply in March – ZEW
German economic sentiment weakened significantly after financial markets came under strong pressure on spillover from the collapse of few regional banks in the United States and the demise of the Credit Suisse, the second largest Swiss…
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Daily cloud twist continues to attract bulls
The Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day.
Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls.…
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