German business morale rises above expectations – Ifo
German Ifo business climate index rose to 86.3 in November from upwardly revised October’s figure at 84.5 and beating forecast at 85.0.
Better than expected November figures signal that German business morale rises and that economy is…
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Slowdown in rate hikes seen likely in the near future – Fed minutes
The minutes from the US Federal Reserve policy meeting on November 1-2 showed that a substantial majority of policymakers think that slowing the pace of interest rate hikes would soon likely be appropriate, on initial signs of satisfactory…
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Dollar comes under pressure from hawkish ECB and expectations for softer rhetoric from Fed
The dollar index accelerated lower on Wednesday, extending weakness into second straight day, signaling that recent recovery is likely over as fresh weakness retraced over 61.8% of 105.15/107.88 corrective leg.
Hawkish comments from the…
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Euro holds firm tone ahead of Fed minutes
The Euro keeps positive tone on Wednesday, following Tuesday’s 0.6% bounce, which has so far retraced over 38.2% of the latest 1.0481/1.0222 bear-leg.
Daily studies show strong bullish momentum and multiple bull-crosses of MA’s in bullish…
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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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