USDCHF extends steep fall
The USDCHF fell to the lowest levels in more than two years on Thursday, as fresh weakness extends into third straight day.
Bears broke below psychological 0.90 support for the first time since June 2021, signaling continuation of larger…
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AUDUSD extends recovery after solid Australian jobs data
Australian dollar extends rally into third straight day, supported by better than expected Australia’s jobs data in March, which adds to bullish sentiment, boosted by Wednesday’s below expectations US CPI data.
Fresh advance cracks Fibo…
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Bulls remain in play after markets digested UK GDP data
Cable remains firm and probing through psychological 1.2500 barrier in early European trading on Thursday, as markets digested UK data.
UK economic growth was flat in February, against expectations for a minimal expansion by 0.1%, but…
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Dollar loses ground after US CPI surprise
The dollar’s bears accelerated after US inflation surprised lower in March, boosting risk appetite and pushing the greenback to one-week low.
Fresh weakness (the dollar was down nearly 0.7% since data release) is pressuring pivotal…
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US consumer prices rise less than expected in March, but underlying inflation remains elevated
US annualized CPI rose by 5.0% in March compared to 6.0% increase in February and below forecast at 5.2%, while monthly inflation barely moved last month, increasing by 0.1% compared to 0.4% rise in February and also missed consensus for…
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Gold returns above $2000, eyes fresh direction signals from US inflation data
Gold price remains at the front foot on Wednesday as markets await US inflation report for March, to get more clues about the Fed’s next steps.
Bounce from $1981, low of a shallow pullback from new 2023 high at $2032, returned above…
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Euro remains constructive ahead of US inflation data
The Euro keeps positive tone early Wednesday and extends recovery after Tuesday’s bounce generated initial signal on formation of bullish engulfing pattern on daily chart.
This generates an initial signal of a higher low at 1.0832 (low…
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Bitcoin rises above 30000 for the first time since June 2022
Bitcoin rose above psychological 30000 barrier on Tuesday, hitting the levels last traded in June 2022.
Fresh bullish acceleration extends into the second straight day, signaling an end of consolidation phase of past three weeks and…
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Dollar index is standing at the back foot ahead of US inflation report
The dollar index edges lower on Tuesday, following a brief recovery in past few sessions, as markets return to business after Easter break.
Bounce from new multi-week low at 101.07 (Apr 5) stalled at initial Fibo barrier at 102.20 (23.6%…
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China’s consumer and factory inflation slows further on weakening demand
China’s annualized consumer price index rose 0.7% in March, compared to 1.0% previous month and missed consensus for 1.0% rise, while monthly inflation was down by 0.3%, slightly better than 0.5% drop in February but well below forecast for…
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