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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Gold edges higher but gains likely to be limited
Spot gold price rose on Monday, generating initial signal of bullish continuation after the action in past two days moved in a large swings but without direction, leaving a double – Doji candles, one with long tail and the other with long…
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Euro loses traction but more evidence needed to signal recovery stall
The Euro remains at the back foot on Monday, weighed by weak EU PMI data and higher oil prices, as well as bloc’s record inflation, while last Friday’s bearish Doji candle generates initial warning that three-day recovery might be over.…
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Eurozone manufacturing sector activity slows further in September
Eurozone manufacturing Purchasing Managers’ Index fell to 48.4 in September, the lowest since July 2020, from 49.6 in August and missing forecast at 48.5.
The index stays in a contractionary zone below 50 threshold for the fifth…
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Break of pivotal Fibo barrier to open way for further advance
Cable extends advance into fifth straight day on Monday and extends above pivotal 1.12 zone (round-figure / Fibo 61.8% of 1.1738/1.0348), underpinned by the news that Britain would reverse plans to cut the highest rate of income tax, the…
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Bulls look for retest of new 24-year peak
The USDJPY is standing at the front foot in early Monday and probed again through 145 barrier, following last week’s bullish close (the seventh straight weekly gains) and monthly advance of 4.1% in September that marked the second…
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Record inflation dents recovery
The Euro loses traction on Friday following report about record Eurozone inflation in September that is expected to trigger more aggressive action from the ECB, with higher interest rates to negatively impact economic growth and increase…
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Inflation in Eurozone hits new record high at 10%
Eurozone inflation surged above expectations in September and hit new record high and a double-digit value at 10.0%. in acceleration from 9.1% in August and above consensus for 9.7% rise.
Although EU inflation surpassed forecasts, it did…
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