Aussie dollar accelerates lower on soured risk mode
Australian dollar fell around 0.9% in Asia / early Europe on Friday, deflated by fading risk appetite as US recession fears grow.
The US dollar also regained traction on rising bets for another Fed rate hike in May, despite softer economic…
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USDJPY – weaker near term tone on downbeat US data
The USDJPY started to lose traction after repeated failure to clearly break through pivotal Fibo resistance at 134.75 (61.8% of 137.90/129.64 descend).
Fresh weakness was sparked by stronger than expected rise in US weekly jobless claims…
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Oil price falls further on stronger dollar and demand concerns
WTI oil price falls further in early Thursday, extending Wednesday’s bearish acceleration (down 2.4% for the day) which has registered a daily close below psychological $80 support.
Fresh weakness broke below next pivot at $79.00 (Fibo…
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Euro looks for fresh direction signals
The Euro remains constructive and returns above 10DMA (1.0947) in early US session, but continues to move within 1.1000/1.0910 congestion, which extends into third straight day.
Eurozone March inflation report showed persistently high…
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Eurozone underlying inflation rises further in March, adds pressure on ECB
Annualized inflation in the Eurozone eased to 6.9% in March from 8.5% in February, in line with expectations and mainly driven by strong fall in energy costs, but so called core inflation, excluding the most volatile components, rose to…
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Cable remains constructive but recovery fragile below daily Tenkan-sen
Cable extends recovery from Monday’s low (1.2353) into second straight day, after receiving fresh boost from higher than expected UK inflation data for March, which added to expectations for 25 basis points BOE rate hike in May.
Fresh…
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UK inflation ticks lower in March but remains above 10%
Inflation in Britain was slightly lower in March, falling to 10.1% from 10.4% in February, but missed forecast at 9.8%.
UK inflation eased from the highest in over four decades at 11.1%, posted in October, but remains the highest in…
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Oil price slips further on dominating economic growth worries
WTI oil price fell for the second straight day, extending pullback from $83.51 top (2023 high, posted last week).
Fresh weakness emerges from persisting worries about further increase of US interest rates and darkened growth outlook,…
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Euro benefits from improved risk sentiment, but still holding below pivotal 1.10 resistance
The Euro regained traction and bounces back on Tuesday, after a two-day pullback, lifted by renewed risk sentiment.
Much better than expected Chinese GDP and retail sales boosted hopes for economic growth, prompting investors into…
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Aussie dollar rises on hawkish RBA / upbeat Chinese GDP
Australian dollar rose by 0.7% in Asia / early Europe on Tuesday, lifted by hawkish RBA and stronger than expected China’s economic expansion in the first quarter.
The minutes of the last policy meeting showed that the Australian central…
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