Euro may accelerate higher on break of key Fibo resistance
The Euro is consolidating after strong acceleration in past two days (the pair was up 1.92%) but keeps firm tone.
Bulls hit new multi-month high on Friday and eye next target at 1.0578 (Fibo 38.2% of larger1.2266/0.9535 downtrend), break…
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Bears look for further extension but may take a breather on oversold daily studies
The USDJPY dips further in early European trading on Friday, in extension of previous day’s nearly 2% drop and hit the lowest levels since mid-August, holding in red for the fifth consecutive day and being on track for significant weekly…
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Dollar remains in red on growing signs of Fed easing pace of hikes; US job report in focus
The dollar index remains at the back foot in early Friday and hit new lowest since early July, in extension of Thursday’s 0.82% drop.
Data released on Thursday showed solid growth in consumer spending, while the number of Americans filling…
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WTI rises to two-week high, OPEC+ meeting eyed
WTI oil price rose further on Thursday, extending gains into third straight day and hitting two-week high ($83.32), where falling 20DMA temporarily capped the advance.
Oil benefited from softer tones from Fed that pressured dollar and two…
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Bulls accelerate but face headwinds at key $1800 resistance zone
Gold rallies for the third straight day, with strong acceleration seen on Thursday, after Fed chief Powell signaled that the central bank may start scaling back the pace of tightening as early as at next policy meeting in December, although…
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Sterling extends advance as risk sentiment improves further
Cable accelerated gains on Thursday, lifted by renewed risk sentiment, following comments from Fed Powell on Wednesday, which deflated dollar on less hawkish than expected stance, while solid US data on Thursday further boosted risk…
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S&P 500 – looming recession threatens to stall recent strong recovery rally
The S&P index is consolidating under new 10-week high (4095) hit earlier today, in extension of Wednesday’s 3.3% rally, powered by comments from Fed Chair Powell about easing the pace of tightening in coming months.
The index remains…
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Euro keeps firm tone on weaker dollar, improved economic data
The Euro extends higher in early Thursday as the risk sentiment was boosted by comments from Fed Powell who signaled a lower pace of rate hikes in the near future.
The single currency keeps firm tone following Wednesday’s 0.76% advance,…
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Dollar under fresh pressure from less hawkish than expected Powell
The dollar index stabilized in early European trading on Thursday, after a gap lower opening and dip to two-week low, as less hawkish than expected remarks from Fed Chair Powell on Wednesday, soured the sentiment.
Powell signaled that the…
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Dollar gains traction, eyes Powell’s speech for more signals
The USDJPY jumps on Wednesday after better than expected US Q3 GDP data offset negative ADP private sector employment report, while markets await the speech from Fed Chair Powell late r today, to get more clues about the central bank’s…
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