Eurozone inflation remained at record high in August
Inflation in the Eurozone kept pace in August and stayed at a record annualized level at 9.1%, in line with expectations.
Monthly figure showed that consumer prices rose by 0.6% in August, from 0.1% increase in July and above consensus…
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Markets Are Moving! FOMC & BOE Meetings 21 & 22/09/2022
On September 22 and 23, the results of two important meetings of the FOMC and the BOE will be determined. According to recent economic data, including the US CPI, which shows a higher growth than expected by predictions, US interest rate…
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Cable falls to multi-decade lows as downbeat UK data add to negative outlook
Sterling falls further on Friday and breaks below 1.14 mark vs dollar, trading at the lowest levels since 1985 during the European session.
In addition to persisting pressure from strong dollar on expectations for another massive Fed rate…
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China’s economy gains traction despite obstruction from property crisis
China’s industrial production rose by 4.2% in August after rising by 3.8% previous month and surprising expectations for 3.8% expansion.
August figures point to the fastest pace of industrial output growth since March.
The separate…
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Weak tone dominates during the US session on Thursday
Cable is losing traction during American trading on Thursday and probes below the floor of two-day range, returning to weakness after a short-lived Wednesday’s recovery, which stalled on attempts to register a clear break above initial…
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US retail sales rise above expectations in August
US retail sales rose by 0.3% in August after dropping 0.4% previous month and ticked above expectations for 0.2% increase.
Stronger than expected rise comes primarily as a result of lower gasoline prices which eased from record highs and…
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Bears remain fully in play below parity
The Euro continues to move within a narrow range for the second straight day, with parity level marking solid resistance and so far limiting the action.
Tuesday’s massive bearish daily candle continues to weigh, along with bearishly…
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Near-term structure remains bullish on expectations for aggressive Fed
The USDJPY regained traction and edged higher in late Asian / early European trading on Thursday, after being hit by talks of possible BoJ intervention to support weakening yen, as immediate threats of intervention started to fade, on…
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Dollar keeps firm tone on revived expectations of aggressive Fed
The dollar remains steady and holding above solid supports at 109.58/51 (broken Fibo 61.8% of 110.77/107.65 / 10DMA) in European session on Thursday.
Wednesday’s pullback from the top of strong rally following US inflation report, sparked…
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Bears pressure key longer-term support
Spot gold extends steep decline from $1735 lower top into third consecutive day, under renewed pressure from fresh strength of the dollar.
US inflation rose above expectations in August, adding to expectations that Fed will deliver another…
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