Bears likely to resume after consolidation, US NFP data eyed for fresh direction signal
Near-term action remains directionless after larger bears faced strong headwinds at 0.9900 zone, where a temporary base has formed, but rebounds above parity were so far short-lived, keeping sideways mode and waiting for stronger signals.…
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Bears are taking a breather ahead of attack at 2020 low
Cable is consolidating above new multi-month low, posted on Thursday after a brief probe below 1.15 handle, following an uninterrupted bear-run in past five days.
The pair is also on track for the third consecutive weekly loss, with risk…
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Dollar is consolidating under new two-decade high ahead of US jobs data
The dollar keeps firm tone and holding near new two-decade high in early Friday’s trading, after solid US manufacturing data on Thursday added to overall bullish stance.
The greenback remains well supported by risk aversion on growing…
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Silver hits new multi-month low in extension of August 11.4% fall
Spot silver entered new month firmly in red and hit new lowest in over two-years on Thursday, in extension of August’s 11.4% fall (the biggest monthly loss since September 2020).
The metal is under pressure by rising dollar on expectations…
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USDJPY hits new 24-year high, pressures psychological 140 barrier
The USDJPY posted new 24-year high on break through former 2022 peak, posted in July.
The dollar remains strongly underpinned by a hawkish stance of Fed, as many market participants bet for another 75 basis points rate hike in the policy…
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Sterling may retest 2020 low after 4.5% drop in August
Cable dips below 1.16 handle in early Thursday, hitting the lowest levels in 29 months, pressured by fading risk appetite on darkening economic outlook and strong dollar, driven by expectations for further aggressive stance of the US…
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Oil falls on renewed demand concerns; bull-trap and bearish engulfing add to negative signals
WTI oil price is down for the second day and probes below $90 level, under renewed pressure from rising concerns about the state of global economy, rise in OPEC oil output in August to the highest since early period of pandemic in 2020 and…
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Gold price falls for the fifth straight month on rising dollar over expectations for further raise…
Spot gold price fell to the lowest level in two months on Wednesday, weighed by strengthening dollar on expectations for more rate hikes in fight with soaring inflation.
The yellow metal holds firmly in red for the third consecutive week…
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Euro returns below parity despite positive signals from record high EU inflation
The Euro eases below parity on Wednesday, weighed by fresh strength of the US dollar and failure to benefit from growing expectations for more aggressive action from the ECB next week, after the latest data showed that inflation in the EU…
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Eurozone inflation hit new record high in August
Inflation in the Eurozone continued to rise and hit new record high at 9.1% in August, climbing from 8.9% in July and beating expectations for 9.0% increase.
Raging inflation further fuels concerns about negative impact on the bloc’s…
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