Bulls are taking a breather after strong rally on Friday
The USDJPY eases from new nine-week high on Monday, as bulls faced strong headwinds at 136.44 (Fibo 38.2% retracement of 151.94/127.22) and ahead of converged 100/200DMA’s which are forming a bear-cross, prompting traders to collect some…
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Strong supports at 1.1950/26 zone continue to provide headwinds
Cable edges higher in early European trading on Monday after repeatedly facing headwinds from strong technical supports at 1.1950/26 zone (Fibo 38.2% retracement of 1.1146/1.2447 upleg / 200DMA / daily cloud base and 100/200DMA bull-cross).…
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Bears may pause for consolidation before resuming
The Euro consolidating within a tight range in early Monday’s trading, but keeps overall bearish bias for further weakness.
The latest data showed that inflation in the US remains elevated, which adds to recent hawkish tones from Fed and…
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Dollar accelerates gains after upbeat US consumer spending data boost rate outlook
The US dollar index accelerated higher on Friday, following stronger than expected US inflation and consumer spending data.
Consumer spending surged in January and inflation ticked higher (PCE report) adding to growing expectations that…
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US inflation rises in January and consumer spending surges, boosting expectations for more rate…
The US personal consumption expenditures (PCE) Fed’s preferred indicator for inflation, which makes the key contribution to monetary policy decisions, increased 5.4% y/y in January, compared to December’s upwardly revised 5.3% and above…
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Bears hold grip ahead of key US PCE inflation data
Gold price is holding within a narrow range on Friday, ahead of key event of the day – release of US PCE data.
Overall picture remains bearish, following recent strong US economic data and hawkish rhetoric from Fed, which contributes to…
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German economy contracts in Q4, adding to recession fears
German economy contracted by 0.4% in the last three months of 2022, dipping below expectations and compared to 0.2% decline in the third quarter.
The second negative quarterly result was signaled by a drop in a number of components which…
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Bulls may hold in extended consolidation before attacking key barriers
The USDJPY regained traction and rose near new multi-week high in early Friday’s trading, but the price action is still within the limits of a consolidation range of past three days.
The dollar remains supported by Fed’s recent hawkish…
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Euro looks set for further losses
The Euro remains at the back foot in early Friday and on track for a weekly loss of around 1%, which adds to negative near-term outlook.
Risk aversion keeps the single currency under pressure, as US dollar received fresh boost from hawkish…
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Eurozone core inflation edges higher in January, warns of persistent underlying price pressures
Eurozone consumer prices rose above expectations in January, signaling that underlying price pressures persist and show no signs of easing, although a number of economists remain optimistic and saying that inflation has peaked and is…
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