Dollar hits new 20-year high on signal that interest rates would remain high for some time
The dollar hit new 20-year high against the basket of major currencies in early Monday, driven by fresh demand on US interest rate outlook.
The dollar index opened with gap higher on Monday and rose to the highest since June 2002, after…
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Fed Chairman Powell: Extended period of painful restrictive policy and slow growth needed to restore…
The message from the US Federal Reserve Chairman Powell’s highly anticipated speech in Jackson Hole symposium was mainly in line with expectations regarding high inflation, its impact on the economy and the general action of the central…
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German consumer sentiment fell to new record low on soaring energy prices
The data from German Gfk Institute showed that consumer sentiment continued to fall for the third consecutive month and hit new record low heading into September.
The Consumer Climate Index fell to -36.5 from downwardly revised -30.9…
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US economy contraction in Q2 was milder than expected
The US economy contracted at 0.6% rate in the second quarter after shrinking by 0.9% in the first three months of this year but showed better performance from expectations for 0.8% contraction.
Better than expected Q2 figure, although…
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Near-term action moves in directionless mode around 200DMA
The cross continues to trade in a choppy and directionless near-term mode, moving around pivotal sideways moving 200DMA (0.8435).
Daily Ichimoku studies remain bearishly aligned, but neutral 14-d momentum and RSI add to notion of lack of…
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Dollar is softer vs yen but daily cloud top still holds dips
The dollar is a tad softer on Thursday and pressuring again strong support provided by the top of thick daily cloud, where strong downside rejections occurred in past two days.
Near-term action is maintaining firm bullish tone above the…
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German business morale continues to fall but at a slower pace in August
German Ifo business climate index continued to decline and hit the lowest reading since June 2020, but the pace of fall was slower than expected in August.
The Ifo index hit 88.5 in August in a fourth consecutive monthly drop, down from…
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Extended recovery tests pivotal 200DMA resistance
WTI oil extends rebound from seven-month low and hits three-week high on Thursday, after receiving fresh boost from signals that OPEC+ cartel is willing to cut production and significantly stronger than expected drop in the US crude…
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Powell’s message from Jackson Hole will define whether current bounce is correction or…
The Euro bounces back above parity level in early European trading on Thursday as traders collect profits from this week’s drop to the lowest levels since 2002.
Oversold daily studies and a double daily Doji (Tue/Wed) added to signals that…
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More hawkish Powell in Jackson Hole could send dollar rallying and unmask 2001 peak
The dollar index regains traction on Wednesday after bulls paused previous day and the price pulled back from new marginally higher 20-year high at 109.19.
Overall negative situation due to the impact from the war in Ukraine that sent a…
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