Dollar loses ground after mixed US job report
The dollar index was sharply lower after mixed US labor data which showed hiring above expectations in October, but higher unemployment and lower wage inflation, warning that job growth may slow in coming months.
Although the data suggest…
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US non-farm payrolls beat expectations in October, unemployment rises to 3.7%
US non-farm payrolls increased by 261,000 in October vs consensus for 200,000 rise, while September’s figure was revised upwards, showing 315,000 jobs added last month, compared to initially reported 263,000.
The same report showed an…
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Oil price surges on weaker dollar and persisting supply risks
WTI oil price rose strongly on Friday, advancing 3.3% in the mid-European session, lifted by stronger dollar and persisting supply risks, though China’s Covid restrictions and recession fears continue to weigh and may limit gains.
Friday’s…
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Eurozone business activity slows further in October, boosting fears of recession
The Eurozone Composite Purchasing Managers’ Index, which tracks the activity in both, manufacturing and services sectors and is used as a gauge of economic health, dropped to 47.3 in October (the lowest in nearly two years), from 48.1 in…
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Bears take a breather ahead of US job report
Cable edges higher in early Friday as traders collect profits after bearish acceleration below 1.15 handle in past two days found footstep at solid Fibo support at 1.1150 (38.2% of 1.0348/1.1645).
The pound is weighed by BoE’s gloomy…
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Dollar remains firm on hawkish signals from Fed
The dollar rallies for the sixth consecutive day, hitting a two-week high on Thursday, after receiving fresh support from hawkish Fed.
The US central bank acted in line with expectations and raised interest rates by 0.75% for the fourth…
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BoE raises interest rate by 75 basis points in the biggest hike since 1989
The Bank of England raised its interest rate by 75 basis points to 3%, in line with expectations.
Today’s MPC’s decision marks the biggest rate hike in over three decades, with the policymakers being split in 7-2 vote (seven voted for…
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Euro falls further after Fed signaled more rate hikes
The Euro extend a steep fall from 1.0090 zone double top, falling around 0.8% on Thursday, in extension of post-Fed acceleration.
The sentiment soured further after the US central bank delivered the fourth straight 75 basis points rate…
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Fed likely to deliver another 0.75% hike, but expectations on the central bank’s near-future steps…
The US Federal Reserve is widely expected to raise interest rates by 75 basis points in its November policy meeting which ends today, but markets speculate that the central bank may open the door for a possible slowdown in its policy…
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USDJPY at the back food ahead of Fed’s decision which will define near-term direction
The dollar remains at the back foot vs yen and ease further on Wednesday as traders await the verdict from FOMC.
Today’s bearish acceleration so far looks like positioning for fresh longs as larger picture remains bullish, however,…
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