Fresh advance signals an end of a shallow correction
The Euro rises further in Asian / early European trading on Monday, lifted by renewed risk sentiment, which deflates the dollar, as markets expect that the Fed would further ease the pace of rate hikes in the next policy meeting.
the…
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Break of key barriers signals further advance
The Australian dollar keeps strong bullish stance and hits five-month high in early Monday, in extension to Friday’s 1.8% advance.
Renewed risk appetite lifted Aussie, with fresh rally in stocks during the Asian session on Monday, adding…
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Dollar slides on solid NFP but weaker than expected wage growth
The dollar eased after US labor data on Friday, as US economy added 223K jobs in December, beating expectations for 200K increase, but wage growth slowed slightly (Dec 0.3% m/m vs 0.4% Nov / f/c) and unemployment fell to 3.5% from 3.6%,…
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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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