EURJPY falls sharply for the second day
The cross extends steep fall into second straight day, losing 1.3% until early US session on Friday, following 1.6% drop on Thursday, as yen rose sharply on weaker dollar and speculations that BoJ is about to start revisions of its…
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Larger downtrend to resume after taking out key supports
The USDJPY keeps firm negative tone and dips to new lowest levels in over seven months on Friday, in extension of strong acceleration on Thursday, when the pair lost 2.3% of its value, in the biggest daily drop since Dec 20.
The dollar was…
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Aussie keep firm tone but bulls may take a breather before push through 0.70 barrier
The Australian dollar remains firm on Friday and attempts towards psychological 0.70 barrier after rallying 1% on Thursday, underpinned by higher commodity prices and growing expectations that the Fed would further ease the pace of its…
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Probe through key barriers signals further gains
Gold keeps firm bullish stance and probing through key barriers ay $1896/$1900 (Fibo 61.8% of $2070/$1614 / psychological) on Friday.
The metal is on track for the third straight strong weekly advance, underpinned by weaker dollar on…
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Bulls hold grip but correction may precede fresh advance
The Euro is consolidating under new multi-month high on Friday, after advancing 0.9% on Thursday.
Overall picture remains bullish as the pair is on track for the biggest weekly rally since the second week of November, although some profit…
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UK economy grew slightly in November, reducing recession risk
Britain’s economy showed a minimal growth by 0.1% m/m in November, beating expectations for 0.3% contraction, but slowed in comparison to previous month’s 0.5% expansion.
Annualized GDP came at 0.2% in November, missing forecast at 0.3%…
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Post-US CPI weakness cracks key support at 129.50
The USDJPY fell over 2% on Thursday after US inflation data signaled that the Fed would further ease the pace of policy tightening, prompting sell-off of the US currency.
Fresh weakness retested Jan 3 low at 129.50, fully retracing…
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Dollar loses ground as US inflation establishes in a downward trajectory
The dollar index accelerated lower on Thursday after holding in a sideways mode in past two days, hitting new lowest in seven months.
The greenback was deflated by US CPI data which indicate that price pressures are easing and inflation is…
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US inflationary pressures ease further in December
Inflation in the United States dropped to 6.5% y/y in December from 7.1% previous month, in line with expectations, while monthly figure showed decline by 0.1% vs consensus for flat inflation in December and 0.1% increase in November.…
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Oil prices rise further on brightening outlook, but traders will carefully watch results from US…
WTI price rises further in European session on Thursday, in extension of 4% rally on Wednesday (the biggest one-day gain since Nov).
Improved sentiment on growing optimism about global demand following China’s economy reopening after the…
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