EU inflation falls below expectations in December but still no reasons to celebrate
Eurozone inflation surprised in December by falling to 9.2% y/y from 10.1% in November and beating expectations at 9.7%, while the monthly consumer prices dropped to -0.3% from -0.1% previous month and well below consensus for 0.8%…
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Gold may come under increased pressure on better than expected US NFP data
Gold price is slightly higher in early Friday after 1.2% drop previous day, with limited range as traders await release of US labor data.
Gold price pulled back from $1865 (Jan 4 peak, the highest in nearly seven months) after surprise US…
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Renewed China optimism keeps oil price afloat but the downside remains at risk
The WTI oil remains slightly bullishly aligned on Friday morning, following bounce on Thursday.
Oil price regained traction after a sharp fall this week, as fresh signals on renewed hopes that China’s demand may rise and lower US…
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The downside remains at risk ahead of key US labor data
The Euro is holding just above one -month low and trading within a narrow range in early Friday, following Thursday’s 0.8% drop, which further weakened near-term structure.
The single currency was hit by fresh strength of the US dollar,…
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Dollar gains pace on solid data, eyes pivotal barriers
The USDJPY extends strong recovery from a bear-trap under 130 support and advances for the second straight day.
Fresh bulls received additional support from the data which show that US labor market remains tight, adding to scenario of…
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Surprise numbers from US labor sector point to further tightening and inflate dollar, all eyes on…
The dollar index accelerated higher at the start of the US session on Thursday, driven by surprise figures from the US labor sector, after Wednesday’s release of Fed’s minutes had a minor impact on the currency, as US policymakers reacted…
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Near-term structure remains bullishly aligned but needs more signals for confirmation
The Euro remains constructive, although moving within a narrow range on Thursday, following previous day’s 0.55% bounce.
The action is still struggling to clearly break above daily Tenkan-sen (1.0616), which is needed to firm near-term…
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Bulls remain in play but face headwinds from 200DMA
The Australian dollar is keeping traction after Wednesday’s 1.7% advance (the biggest one-day rally since Nov 10) sparked by the news that China would resume coal imports from Australia.
Strong rally on Wednesday came just ticks from Dec…
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Extended sideways mode looks for fresh direction signals
Cable remains in extended sideways mode and moving around 200DMA (1.2023), with psychological 1.20 support still offering solid support and holding the action for the third consecutive week.
Technical studies are mixed on daily chart, as…
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Fed to ease aggressive rate increases but fighting inflation remains priority – minutes
The minutes of the US Federal Reserve December’s policy meeting showed policymakers remain fully focused in bringing high inflation under control but agreed to slow the pace of interest rate increases, to reduce risks to economic growth.…
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