Bears remain fully in play but face headwinds from key support zone
The Aussie dollar started the week in negative mode, opening with gap lower after hawkish comments from Fed chair Powell further boosted the US dollar and extending last Friday’s 1.2% drop.
Fresh bears cracked key supports at 0.6850 zone…
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USDJPY eyes 2022 high and psychological 140 barrier in dollar-supportive environment
The USDJPY rose to six-week high on Monday after markets digested comments from Fed Chair Powell last Friday and hawkish stance that the central bank kept, sent stocks lower and further lifted the dollar.
Strong Fed’s hawkish stance that…
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Euro remains in red under parity but hopes of more aggressive ECB keep losses limited for now
The Euro edges lower in early Monday’ following a triple-Doji last week that signaled strong indecision but the action is still moving above new 2022 low at 0.9900, posted on Aug 23.
The single currency came under pressure on Fed’s hawkish…
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Sterling continues to trend lower on rising dollar; pandemic low coming in focus
Cable remains in strong defensive mode and accelerates below 1.17 handle in early Monday, hitting new lowest since March 2020.
Fresh dollar’s strength following Fed Powell’s signals of extended period of higher interest rates and slower…
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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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