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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China’s economy likely to struggle to gain momentum in coming months – PMI
The activity in China’s manufacturing sector was slightly faster in August but overall picture remains weak, due to new Covid infections, the heatwave that hit the country and troubled property sector.
China’s Manufacturing Purchasing…
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German inflation continued to rise after a brief pause and hit the highest in nearly fifty-years in…
Inflation in the Europe’s largest economy picked up again in August following a slight ease in July, suggesting that initial signal of possible peaking was false and inflationary pressures continue to rise.
Annualized inflation rose to…
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Recovery keeps traction but remains weighed by demand concerns
WTI oil is consolidating after 4.2% advance on Monday (the biggest one-day gains since July 18), but keeping positive near-term stance, following a bullish signal on Monday’s close above 200DMA ($95.87) which capped the action for some…
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Extended sideways mode looks for fresh direction signals; German CPI data in focus today
Near-term action remains directionless, with new low at 0.9900 offering strong support and keeping the downside protected, while upticks through parity were so far short-lived and repeatedly failed to register close above, keeping the pair…
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