US inflation unexpectedly rises in August adding to bets for 0.75% hike next week
Annualized inflation in the US surprised in August by 8.3% rise as markets expected prices to continue trend of easing and rise by 8.1%, following a drop to 8.5% in July from a peak at 9.1% in June, the highest since November 1981.…
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Dollar becomes attractive again on higher than expected US Aug inflation
The dollar rallied across the board in immediate reaction to hotter than expected US inflation in August, which signal that price pressures are not easing at expected pace, implying that the US central bank will remain on aggressive hiking…
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Sterling keeps firm tone ahead of inflation data
Cable remains at the front foot and rises to two-week high, during European session on Tuesday, underpinned by the data from the UK labor sector which showed unemployment falling to a multi-decade low, though positive impact was tempered by…
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Euro looks for renewed attack at cloud base, underpinned by expectations for favorable US CPI…
The Euro keeps firm tone in European trading on Tuesday, despite downbeat data from Germany (Aug CPI rose to 7.9% from 7.5% in July / economic sentiment weakened further into Sep and hit the lowest since 2008 recession) as traders expect…
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UK unemployment rate hits the lowest in nearly five decades
The report from British labor sector, released this morning, showed that unemployment in Britain fell to 3.6% in three months to July, hitting the lowest in nearly five decades.
The unemployment in June was 3.8% and economist forecasted no…
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Turkish lira approaches a record low vs dollar, weighed by several factors
The USDTRY is approaching an-all time high at 18.3387 as steady advance is on track to fully retrace 18.3387/10.2017 pullback, seen in December.
Despite weakening across the board in past few days, due to renewed risk appetite and…
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Gold keeps bullish near-term bias, eyes US inflation report for fresh signals
Spot gold remains at the front foot on Monday and extends recovery as dollar pulls off twenty-year high, pressured by renewed risk appetite.
Bounce from $1690 zone, where a temporary base is forming, extended on Monday after an initial…
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Soaring inflation continue to slow economic growth and raise risk of recession
Great Britain’s economy expanded in July, though at a lower rate than expected, after contracting in June.
The data released today showed that UK GDP rose by 0.2%, lacking momentum for stronger rebound and missing expectations for 0.3%…
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Aussie strengthens on fresh risk appetite but key barrier still resists
Risk-sensitive Aussie dollar continues to benefit from improved sentiment that lifted stocks and deflated dollar.
Fresh advance in early Monday extends last Friday’s 1.2% rally (the biggest daily gain since Aug 10) and probe again through…
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Fresh bulls may face increased headwinds from the base of thick daily cloud
The Euro advanced nearly 1% in early Monday, following a start of week’s trading by gap-higher opening, underpinned by renewed risk appetite.
Monday’s rally generated bullish signals on surge through pivotal Fibo levels at 1.0116/75 (50%…
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