China’s manufacturing sector growth accelerates above expectations
Chinese Purchasing Managers’ Indexes (PMI) rose well above expectations in February, signaling that the economic activity is rebounding stronger than anticipated after China abandoned Covid restrictions.
Manufacturing PMI rose to 52.6 in…
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Bears accelerate and look for test of 2023 low
The cross remains firmly in red on Tuesday and extends weakness into second straight day, falling deeper into thick daily cloud (spanned between 0.8805 and 0.8722).
Fresh dip cracked initial support at 0.8783 (Feb 22 low), with firm break…
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Dollar remains overall bullish on hawkish Fed but may hold in extended consolidation before bulls…
The US dollar regained traction in early Tuesday’s trading, following a pullback on Monday, which signaled a partial profit taking after 0.8% rally last Friday.
The US currency keeps firm tone against the basket of its major peers, boosted…
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Bulls are taking a breather after strong rally on Friday
The USDJPY eases from new nine-week high on Monday, as bulls faced strong headwinds at 136.44 (Fibo 38.2% retracement of 151.94/127.22) and ahead of converged 100/200DMA’s which are forming a bear-cross, prompting traders to collect some…
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Strong supports at 1.1950/26 zone continue to provide headwinds
Cable edges higher in early European trading on Monday after repeatedly facing headwinds from strong technical supports at 1.1950/26 zone (Fibo 38.2% retracement of 1.1146/1.2447 upleg / 200DMA / daily cloud base and 100/200DMA bull-cross).…
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Bears may pause for consolidation before resuming
The Euro consolidating within a tight range in early Monday’s trading, but keeps overall bearish bias for further weakness.
The latest data showed that inflation in the US remains elevated, which adds to recent hawkish tones from Fed and…
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Dollar accelerates gains after upbeat US consumer spending data boost rate outlook
The US dollar index accelerated higher on Friday, following stronger than expected US inflation and consumer spending data.
Consumer spending surged in January and inflation ticked higher (PCE report) adding to growing expectations that…
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US inflation rises in January and consumer spending surges, boosting expectations for more rate…
The US personal consumption expenditures (PCE) Fed’s preferred indicator for inflation, which makes the key contribution to monetary policy decisions, increased 5.4% y/y in January, compared to December’s upwardly revised 5.3% and above…
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Bears hold grip ahead of key US PCE inflation data
Gold price is holding within a narrow range on Friday, ahead of key event of the day – release of US PCE data.
Overall picture remains bearish, following recent strong US economic data and hawkish rhetoric from Fed, which contributes to…
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German economy contracts in Q4, adding to recession fears
German economy contracted by 0.4% in the last three months of 2022, dipping below expectations and compared to 0.2% decline in the third quarter.
The second negative quarterly result was signaled by a drop in a number of components which…
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