Bulls take a breather, awaiting Fed/BOE and UK CPI data
Cable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2.
Overall picture remains bullish, with easing of fears about crisis in banking sector,…
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Dollar extends weakness to five-week low and cracks key supports
The US dollar remains firmly in red on Monday, extending a steep fall into third consecutive day and holding around the lowest in five weeks.
The greenback was hit by the latest risk aversion on growing concerns about the crisis in banking…
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Crude price falls to 15-month low on demand fears amid banking crisis and US interest rates
WTI oil fell to new lowest level ($64.08) since Nov 2021 on Monday, as sentiment continues to weaken on growing fears that crisis in banking sector could deepen, with potential increase of US interest rates, to lead into recession, which…
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Gold likely to probe again above $2000 barrier
Gold is consolidating under new one-year high ($2009) after bulls cracked psychological $2000 barrier on Monday.
The yellow metal surged 3.6% last Friday after worries that the crisis in global banking sector is deepening, sparked strong…
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Japanese yen rises to a multi-week high vs dollar on growing safe-haven demand
The USDJPY stays firmly in red and extends losses in early Monday, after falling 1.3% on Friday.
Rising risk aversion after UBS’ takeover of troubled Credit Suisse bank failed to calm tensions in the market, offered fresh support to…
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EURUSD recovery loses traction on growing fears about crisis in banking sector
The Euro dips in early European trading on Monday, generating initial signal that recovery from last week’s spike low (1.0516) might be over.
Growing concerns about the contagion in the banking sector and fears that authorities won’t be…
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EURUSD – repeated close below daily cloud to weaken near-term structure
The Euro remains constructive on Friday and extend recovery of Wednesday’s sharp fall (the pair was down 1.4% for the day) into second straight day, although fresh bulls show signs of fatigue.
Conflicting fundamentals, which were…
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ECB raises rates by 50 basis points as expected, despite growing turmoil in banking sector
The European central bank raised its interest rates by 50 basis points, in line with expectations, despite markets betting for more cautious reaction, in light of developing crisis in banking sector, which resulted in sharp selloff in bank…
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WTI Oil holding firmly below $70 on growing fears of deeper crisis in financial world
WTI oil price remains in red on Thursday but so far holding above 15-moth low ($65.69), posted after Wednesday’s sharp acceleration lower.
Existing negative sentiment was additionally soured by news that Credit Suisse Bank asked for a…
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Dollar awaits Fed policy meeting as new scenarios are now on the table
The dollar index showed a mild reaction to the US inflation report, moving within a narrow range after data release, as many things remain unclear, in a fragile conditions, one week ahead of Fed’s policy meeting.
Initial expectations…
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