US Dollar – post-Powell rally runs out of steam, focus turns on US labor report
The dollar eases on Thursday, as investors collected some profits from post-Powell’s rally and positioning for next key event this week – US labor report on Friday.
The greenback rose to the highest in more than three months against the…
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Aussie falls on RBA’s dovish shift; Powell’s testimony in focus for fresh signals
Aussie dollar lost ground on Tuesday, after the Reserve Bank of Australia raised its cash rate by 25 basis points to the highest in more than a decade, in line with expectations, but tempered tone on unexpected dovish rhetoric in the…
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Oil price rose to five-week high on renewed supply concerns
The WTI oil is consolidating under new five-week high ($80.90) in early Tuesday, following strong acceleration higher in past few sessions.
Oil price was lifted by fresh supply concerns, mainly due to growing concerns about the disruption…
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Euro gains traction on hawkish comments
The Euro rose across the board in early US trading on Monday, lifted by hawkish comments from the chief of Austrian central bank, who said that the ECB should lift its interest rates to 4.5% in 50 basis points hikes at each of its next four…
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Weak data and high inflation threaten to further slow Eurozone’s economic recovery
Eurozone economic data, released on Monday, showed weaker than expected values, adding to concerns about slower economic growth and signaling that the economy would remain on the slow lane, despite optimistic signs that immediate threats of…
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Aussie dollar stands at the back foot ahead of RBA policy meeting
Australian dollar dips on Monday, dragged lower by weaker Chinese yuan, but remains within a congestion which extends into sixth straight day.
Traders await RBA’s policy meeting (due early on Tuesday) for fresh signals, as the central bank…
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Bitcoin – bears a taking a breather after strong fall on Friday
Bitcoin is consolidating after strong fall last Friday (down 5.3% for the day, the biggest daily drop since Nov 9) and keeping negative tone.
The price fell below 22000 mark (although manage to register a marginal close above this level)…
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Gold rose to three-week high ahead of key events -Fed Powell’s testimony / US labor report
Gold is holding positive tone in early Monday, with price action consolidating within a narrow range, under new three-week high.
The metal rallied 1.1% on Friday and advanced 2.5% last week, though investors remain cautious and focus on…
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Better than expected EU / German economic data add to optimism and decrease risk of recession
Eurozone business activity accelerated in February, boosting optimism that the economy may avoid recession.
EU composite PMI, which tracks the activity in services and manufacturing sectors and indicates the overall health of the…
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Gold recovery accelerates, underpinned by rising daily cloud base
Fresh bullish acceleration in European session on Friday hit two-week high, as gold price benefits from weaker dollar.
Calmer tones from the US policymakers about rate hikes in the coming months, weakened dollar’s bullish stance and…
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