US policymakers signal that rates could rise above initially set target to bring inflation under…
The US Federal Reserve is likely on track for further rate hikes, according to the latest remarks from policymakers, who support scenario of interest rates topping 5% despite signs that inflation have peaked, and economic activity is…
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British inflation ticks lower, but price pressures remain high
Inflation in Britain edged lower in December, hitting 10.5% from 10.7% previous month and down from 41-year high (11.1%) in October, but inflationary pressures remain high.
Strong pressure is particularly seen on households, as prices of…
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BoJ stays on hold despite expectations for a start of policy tightening
The Bank of Japan surprised markets with decision to keep ultra-low interest rates, against recent growing expectations to start phasing out its massive stimulus program in the condition of rising inflationary pressure.
The BoJ remains…
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Sterling was lifted by downbeat US data and pressuring pivotal barrier
Cable cracked 1.2300 barrier on fresh acceleration after a very disappointing US Empire State index results (Jan -32.9 vs -8.7 f/c and Dec -11.2) deflated dollar.
Bulls tightened grip after consolidating in past two day, however, daily…
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Bulls hold grip but overbought conditions warn of prolonged consolidation
The Euro regained traction on Tuesday but remains within a consolidation range, signaling that larger bulls remain in play, as the pair is in steep rally for the fourth consecutive month and the action is underpinned by last week’s large…
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China’s economic growth slows in Q4, but beats expectations
Chinese gross domestic product grew 2.9% in the last three months of 2022, beating expectations for 1.8% expansion, but was well below 3.9% growth in the third quarter.
Excluding the biggest slowdown in the second quarter (0.1% vs 1.8%…
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Strong recovery to pause under falling daily cloud
The WTI oil price edges lower after briefly extending last week’s 2.2% advance, after the action faced strong headwinds at $80 resistance zone (psychological / base of falling and thickening daily cloud).
Overall near-term structure is…
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Bears are pausing ahead of key BoJ policy meeting
The dollar index started the week in negative mode and hit seven-month low in early Asian session but managed to regain traction and edge higher in European trading, signaling a pause after last week’s 1.5% drop.
The greenback came under…
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Bulls to stay intact while today’s gap remains unfilled
Bitcoin opened with a gap-higher on Monday and hit the highest since mid-September, in extension of sharp bullish acceleration last Thu/Fri.
Surge through psychological 20 and 21K after gapping higher by over 1100 pips adds to strong…
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Bulls likely to take a breather before firm break of psychological 0.70 barrier
The AUDUSD hit new multi-month high in early Monday’s trading, following a probe above psychological 0.70 barrier for the first time since mid-August.
Aussie is underpinned by renewed risk sentiment on expectations of Fed slowing the pace…
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