Bears are taking breather above weekly cloud base and key Fibo support
The Euro stays on hold on Monday, following a limited impact from downbeat US NFP which was tempered by comments from ECB’s policymaker who said rising energy prices lift inflation, though rise in inflation is still expected to be…
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Hawkish comments on rate expectations lift pound but bulls need more momentum to resume higher
Cable jumped to the new two-week high (1.3673) in early Monday’s trading, lifted by hawkish comments from UK policymakers regarding earlier than expected rate hike, but gains were so far short-lived.
Fresh attempts to break above recent…
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USDJPY extends strong rally; bullish studies point to further gains
The USDJPY remains in strong bullish mode and advanced 0.6% in Asia / early Europe on Monday, following 1.2% rally last week.
Bulls pressure psychological 113 barrier after break above tops of 2020/2019 (112.22/112.40) and monthly cloud…
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WTI price surges to new multi-year highs on global energy crunch
The WTI price probed through psychological $80 barrier for the first time since November 2014 on Friday and hit new 2021 high, on track for the fifth straight weekly gains and for over 5% advance this week.
Oil prices were boosted by…
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Gold surges as strong NFP miss prompts traders into safety
Spot gold surged to new 2 ½ week high on Friday, following strong US NFP miss, as the report from US Labor Department showed that employment increased far less than expected in September.
Downbeat figures (Sep 194K vs 500K f/c and…
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AUDUSD bulls lose traction ahead of US NFP data
The Australian dollar dipped below 0.73 mark in Europe on Friday after the action was repeatedly capped by daily Kijun-sen (0.7324), pressured by higher dollar ahead of US jobs report.
Daily technical studies generate initial negative…
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Strong US jobs report could push Euro significantly lower
The Euro remains at the back foot but Thursday’s Doji and tight ranges in early Friday, signal hesitation, as bears face headwinds from cracked weekly cloud base (1.1538).
Traders await US jobs report for stronger signals with likely…
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Growth in the US labor sector is expected to pick up in September
The US labor sector likely grew at a higher pace in September as the latest wave of the Delta variant of Coronavirus started to fade.
Economists’ surveys point to a rise in non-farm payrolls by 500,000 last month, with forecasts ranging…
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The US weekly jobless claims made the biggest drop in three months last week
The US weekly jobless claims fell by 38,000 to 326,000 in the week ending October 2, from downwardly revised previous week’s figure at 364,000 and also dipped below 348,000 forecast.
The claims for jobless benefits registered the biggest…
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Renewed rate hike hopes keep sterling afloat
Cable edged higher on Thursday, following a limited pullback previous day, remaining inflated by improved global risk sentiment.
The Bank of England said that the size and duration of a recent jump in inflation is greater than expected,…
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