The central Bank of New Zealand delivers record rate hike, warns of prolonged recession
The Reserve Bank of New Zealand delivered a record rate hike in November’s policy meeting today, raising its official cash rate by 75 basis points to 4.25%, in fight with red-hot inflation which threatens to keep the economy in recession…
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Near-term action slows, awaiting Fed minutes for fresh signals
Bears are taking a breather after a four-day drop from new multi-month high at $1786 stalled on weaker dollar, while traders collected some profits and stay on hold, awaiting late Wednesday’s release of the minutes of Fed’s last policy…
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Daily cloud top provides headwinds to fresh recovery
The Australian dollar edges higher vs its US counterpart on Tuesday, after daily Tenkan-sen (0.6591) provided firm ground for a four-day pullback from Nov 15 peak (0.6797).
Aussie regained traction on renewed risk mode, but fresh advance…
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WTI quickly recovered Monday’s heavy losses but the downside remains vulnerable on overall…
WTI oil was firmer in early Tuesday trading following a roller-coaster ride on Monday, when oil fell over 6% and recovered all losses on subsequent quick bounce.
The news that China is imposing fresh package of restrictions on new and…
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Bull-trap and risk aversion boost fresh bears
The Euro holds in red for the third straight day, deflated by fresh risk aversion, with early Monday’s acceleration lower, pushing the price to the lowest since Nov 11.
bears broke initial Fibo support at 1.0304 (23.6% of 0.9730/1.0481)…
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Dollar regains traction on fresh safe-haven buying
The dollar index extends acceleration from last Friday and hits one-week high in early Monday, lifted by renewed risk aversion.
Traders move into safety on fresh rise in new Covid cases in China, which prompted tighter restrictions, with…
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Cable holds positive tone but still lacks strength for final push through 1.20 barrier
Cable remains constructive on Friday after Thursday’ strong fall was partially reversed, though continues to trade within a narrow-range sideways mode which extends into third consecutive day.
Strong upside rejection above 1.20 barrier on…
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British retail sales rise above expectations in October but outlook remains clouded
UK retail sales dropped by 6.1% in the twelve months to October, better than the forecasted fall of 6.5% and vs upwardly revised September’s 6.8% drop, while monthly figure showed rise by 0.6% in October vs consensus for 0.3% increase and…
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Bear-trap underpins but the action remains capped by 100DMA
The USDJPY is holding in extended directionless mode, consolidating around 140 handle after last week’s heavy losses (the pair was down 5.7% for the week).
Sharp fall found firm ground at 138.62/14 zone (base of ascending thick daily cloud…
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Bears are on track for a weekly drop of around 8%
WTI oil is consolidating within a narrow range in early Friday’s trading after bears accelerated on Thursday, pushing the price down nearly 4% for the day.
Oil came under fresh pressure on concerns about weakening demand in China, world’s…
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