Aussie dips on weaker than expected Australian inflation
Australian dollar fell against its US counterpart in early Wednesday, after data showed that inflation in Australia slowed significantly in February.
Inflation slowed to eight month low, adding to the case for possible pause in interest…
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Bulls are taking a breather after strong rally
WTI oil price is consolidating on Tuesday, following Monday’s strong rally of nearly 5% and keeping traction for possible further advance.
Crude prices received strong support from supply disruption in Iraqi Kurdistan, as Iraq was forced…
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High inflation and growing expectations for further rate hikes keep pound supported
Cable edged lower in European trading on Tuesday, after attempts at pivotal barrier at 1.2343 (Mar 23 high) stalled just under the target but keeps overall firm bullish stance.
The latest inflation data and comments from BOE Governor…
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Euro remains elevated by renewed risk appetite
Improved risk sentiment keeps the euro supported for the second straight day, adding to signals that 1.0930/1.0713 correction might be over, as fresh advance broke above 50% retracement of the pullback.
Daily studies maintain strong…
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USDJPY recovery gains pace but strong obstacles lay ahead
The USDJPY bounces on Monday after Friday’s action left long-tailed Doji, with short-lived dip below psychological 130 support signaling a bear-trap and forming reversal pattern on daily chart.
Initial signal of direction change still…
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Aussie likely to remain in red as banking crisis weighs on risk sentiment
The AUDUSD is consolidating above one-week low (0.6625, hit last Friday after 0.7% daily fall), but keeps near-term bearish bias while the action is capped by converged 10/20 DMA’s (0.6668/70).
Repeated strong rejections under 200DMA…
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Near-term action remains directionless but bullishly aligned above key supports at 1.2200 zone
Cable regained traction after 0.5% drop last Friday, pushing the price into the upper part of prolonged consolidation range, which extends into sixth straight day.
Friday’s pullback was again contained by strong supports at 1.2200 zone…
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Dollar keeps firm tone on persisting banking fears
The dollar index was steady in early Monday’s trading, following strong advance last Thu/Fri, sparked by fresh fears about crisis in banking sector, which sent bank shares sharply lower on Friday.
Investors remain concerned despite…
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Oil prices fall on renewed fears of deepening crisis in banking sector
WTI oil fell significantly on Friday, as fresh fall in European banking stocks, fueled worries that crisis in banking sector may accelerate, souring overall sentiment on darkened demand outlook.
Friday’s drop was signaled repeated strong…
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Gold tests $2000 barrier again but continues to face strong headwinds here
Gold remains steady and moving around $2000 barrier which was repeatedly cracked on Friday.
Steep recovery after a text-book correction extends into third straight day, keeping the yellow metal on track for the fourth consecutive weekly…
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