Dollar Index keeps firm tone ahead of key US jobs data
The dollar index is holding within a narrow consolidation in early Friday, following strong rally in past two days (up almost 2%) which retraced 50% of 114.72/109.95 pullback, adding to signals that corrective phase from new 20-year high…
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Near-term structure weakens after a double failure at 1.1500 barrier
Cable remains in red for the second day, pressured by weaker risk sentiment and downbeat report from the BoE, which showed raised expectations for inflation in one year time to 9.5% from 8.4% estimation in August and expectations for 4.8%…
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Double failure at parity raises risk of recovery stall
The Euro eased below 0.90 handle in early European trading on Thursday, weighed by Wednesday’s 1% drop, as dollar bulls regained traction on comments from Fed policymakers that the central bank is going to continue raising interest rates…
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OPEC+ cuts production by 2 million bpd, faces strong criticism from the West
The OPEC+ group of the largest oil producing nations announced its decision to cut the output by 2 million barrels per day, effective from November, with most of the burden of cuts to be taken by Saudi Arabia, UAE and Kuwait, as some of…
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EU business activity slows further in September
The Eurozone Composite Purchasing Managers’ Index, which tracks the activity in manufacturing and services sectors and is used as gauge of economic health, fell to 48.1 in September from 48.9 in August and missed expectations at 48.2.…
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Crude oil holds bullish stance ahead of OPEC+ decision
The WTI oil is consolidating within a narrow range on Wednesday, after the recent recovery rally peaked at $86.94 (the highest since Sep 15), taking a breather ahead of today’s OPEC+ meeting, which is expected to provide fresh signals.
The…
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Bulls face headwinds at 1.15 zone, looking for fresh signals
Bulls are taking a breather under new highest since Sep 15 as recent rally faced headwinds on approach to 1.1500 barrier.
Fundamentals work in favor of pound, as U-turn in government’s plan to cut tax to the highest rate of income boosted…
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Recovery accelerates through key barriers on improved risk sentiment
The Euro accelerated higher on Tuesday (up 1% since Asian opening) boosted by improved risk sentiment that kept dollar under pressure for the second straight day.
Hawkish comments from ECB policymaker further fuel expectations for ECB’s…
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Pullback from new 20-year high likely to stall as overall picture is firmly bullish
The dollar remains in red on Tuesday, weighed by renewed risk appetite, down 3% from new 20-year high at 114.72, posted last week.
Monday’s weaker than expected numbers from US manufacturing sector in September added to negative near-term…
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Australia’s central bank surprises by 0.25% rate hike as markets expected 50 basis points raise
The Reserve Bank of Australia, in October’s policy meeting, raised its cash rate by 25 basis points to 2.6%, the highest in nine years, against wide expectations for 50 basis points hike.
The slowdown in the pace of rate hikes was not a…
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