Hawkish Fed adds to dollar’s bullish stance, shallow dips likely to precede fresh gains
The dollar is consolidating within a tight range in early Thursday, following advance previous day and keeps overall bullish tone.
The minutes of Fed’s last policy meeting, released on Wednesday, reiterated central bank’s hawkish stance,…
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Crude oil remains under pressure on expectations of hawkish Fed
The WTI oil hit new two-week low on Wednesday as demand concerns were offset by expectations that the Fed may signal that higher interest rates might be needed.
All eyes are on minutes of Fed’s last policy meeting, due to be released later…
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Fresh risk aversion deflates Aussie dollar
The AUDUSD remains in red for the second consecutive day on Wednesday, after recovery attempts were repeatedly capped by daily Tenkan-sen / 50% retracement of 0.7028/0.6811 downleg (0.6920) and bears regained full control on renewed risk…
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German inflation remains elevated in January
German annualized inflation, harmonized to compare with other EU bloc’s member countries, rose by 9.2% in January, in line with expectations and slightly below 9.6% in December, while monthly inflation rose by 0.5%, after dropping by 1.2%…
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New Zealand central bank raises interest rates by 50 basis point to new multi-year high
The Reserve Bank of New Zealand raised interest rates by 0.5% from 4.25% to 4.75%, pushing the borrowing cost to the highest in fourteen years.
Today’s decision was in line with expectations, with hawkish signals from the central bank…
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EURGBP falls sharply after upbeat UK data
The cross accelerated sharply lower in European trading on Tuesday, falling 0.9% during the session.
Much stronger than expected UK services PMI data signaled significant improvement in the activity in UK economy’s dominant service sector…
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Eurozone business activity accelerates above expectations in February – PMI
Eurozone Services PMI which tracks the activity in bloc’s dominant services sector, came at 53.0 in February, compared to 50.8 previous month and well above 51.0 forecast, rising much faster than anticipated and making the biggest…
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Cable surges after upbeat UK PMI data
Cable jumped over one full figure and ticked above 1.21 mark on Tuesday, following upbeat Feb UK PMI data.
Report from UK economy’s dominant services sector showed PMI jumping to 53.3 in February (the highest since July) from 48.7 previous…
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Euro remains in a sideways mode and awaiting signals from EU economic data
The Euro turned to weakness in early Tuesday’s trading, following Monday’s tight daily Doji on holiday-thinned volumes.
Fresh easing probes again through key support at 1.0679 (top of rising daily Ichimoku cloud / Fibo 23.6% of…
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Bears run out of steam at key support
Gold remains constructive on Monday after larger bears failed to register a clear break of pivotal Fibo support at $1827 (38.2% of $1614/$1959) last Friday, leaving daily hammer candlestick (initial signal of reversal) and a bear-trap under…
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