US inflation remained elevated in February
US consumer prices increased by 0.4% in February after 0.5% rise in January, in line with expectations, while annualized inflation was up 6.0% last month, registering the smallest gain since September 2021, after 6.4% increase in January.…
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USDJPY – bears are pausing ahead of US inflation report
The USDJPY edges higher in early trading on Tuesday, after steep fall in past three days pushed the price to the lowest in one month.
Partial profit-taking lifts dollar as traders await today’s key event – release of US inflation report…
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WTI Oil – wild swings in highly volatile market
The WTI crude oil price fell sharply and recovered quickly, in a wild swings in highly volatile trading on Monday.
The sentiment was strongly hurt by the collapse of Silicon Valley Bank, as fears that crisis in the banking sector may…
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Gold surges above $1900 on growing uncertainty
Gold surged above $1900 mark on Monday and hit its highest since early February, as growing uncertainty after collapse of Silicon Valley Bank and subsequent downgrade in expectations about the size of Fed’s next rate hikes, prompted…
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Euro advances on weaker dollar; bullish bias above daily cloud base
The Euro started trading on Monday with approx. one full figure opening higher, following fresh weakness of the dollar, additionally hit by crisis over collapse of Silicon Valley Bank last Friday.
Bulls peaked at 1.0737, the highest since…
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Dollar falls further on fresh crisis over SVB collapse; US inflation data in focus
The dollar came under increased pressure and opened with gap-lower on Monday, hitting one-month low against the basket of major world currencies.
Already weak dollar’s sentiment was soured further by the sudden collapse of Silicon Valley…
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US NFP beats expectations but tempered by lower earnings and unemployment rise
The US labor data released today showed that the economy added more than expected jobs in February but rise in average hourly earnings was mild and the number of unemployed increased.
Non-farm payrolls increased by 311K last month,…
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Oil remains under strong pressure on prospect of US rate hike acceleration; US labor data eyed for…
The WTI crude oil price remains firmly in red for the fourth straight day and on track for a strong weekly drop.
Oil price lost traction after probe above psychological $80 barrier failed to hold gains and accelerated sharply lower on…
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Technical studies warn of fresh weakness but US jobs data seen as a key driver
The Euro remains at the front foot in European session on Friday and extends recovery into second straight day, retracing almost 50% of post Powell’s sharp fall.
Bounce from Wednesday’s two-month low (1.0524) is struggling at the first…
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Sterling extends recovery on better than expected UK GDP; US NFP is next
Cable rose further in early Friday’s trading, extending the rally on Thursday (up nearly 0.80%) sparked by unexpected acceleration in US weekly jobless claims (strongest rise in five months).
Additional support for sterling came from UK…
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