Slight optimism prevails after better than expected German Q3 GDP data
The German Gross Domestic Product data, released today, showed the economy grew by 1.2% on the year in the third quarter, compared to 1.7% expansion in the previous three-month period and slightly above consensus for 1.1% growth.…
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Dollar comes under increased pressure after dovish Fed minutes
The dollar index came under increased pressure on Thursday after overall soft US data and dovish Fed minutes further soured the sentiment that resulted in gap-lower opening and fresh extension to seven-day low.
The dollar remains firmly in…
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Cable hits new multi-month high as larger bulls resume
Cable extends advance above 1.21 mark on Thursday, hitting the highest since mid-August, following Wednesday’s 1.4% rally, which resulted in close above pivotal barriers at 1.2000/28 (psychological / former high of Nov 15.
Fresh advance…
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USDJPY on track for deeper fall after break of key supports
The USDJPY remains under increased pressure and extending weakness into third straight day, after recovery failed to sustain break above 100DMA (141.13) and fresh bears emerged below ascending thick daily cloud, after recent actions were…
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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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