Oil prices slump on renewed demand worries
WTI oil price accelerates lower in European trading on Thursday (down 3.3% since Asian opening last night), after three-day recovery failed to sustain break above psychological $100 barrier.
Oil prices came under pressure from renewed…
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Gold cracks key support, pressured by signals of more aggressive major central banks
Spot gold extends weakness into second day as larger downtrend resumed after three-day consolidation and hit the lowest in one year on Thursday.
The metal came under increased pressure on signals that major central banks are likely to…
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ECB will start raising interest rates for the first time since 2011
The European Central Bank holds its monetary policy meeting today and is likely going to raise interest rates, the action that has not been seen since 2011.
The ECB was delaying rate hike for some time, despite the most of central banks…
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Bulls are pausing ahead of ECB
Strong recovery in past three days is taking a breather on Wednesday, as traders await this week’s key event – European Central bank policy meeting on Thursday.
The ECB is expected to raise interest rates for the first time since 2011,…
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Recovery continues to struggle at 1.20 barrier
Cable continues to face strong headwinds at psychological 1.20 barrier for the third consecutive day and eases below 1.20 level after hitting a session high at 1.2037.
Bulls already failed twice to sustain gains above 1.20 and on track for…
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Hammer candle suggest that correction might be over
The USDJPY is gaining traction on Wednesday as Tuesday’s hammer candle, left after rising daily Tenkan-sen (137.36) contained dips, signaling that pullback from new 24-year high (139.39) might be over.
Fresh bullish momentum on daily chart…
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UK inflation hits new 40-year high in June
UK consumer prices continued to rise and hit new highest in four decades at 9.4% in June, from 9.1% previous month and beat forecast at 9.3%, putting the Britain at the first place of the countries of the Group of Seven with the highest…
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Hawkish RBA and fresh risk appetite lift Aussie dollar
Recovery picked up on Tuesday, boosted by fresh risk appetite and hawkish stance from the Reserve Bank of Australia.
The minutes of RBA’s July policy meeting, released today, showed the central bank is on track for more policy tightening,…
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Recovery accelerates on signs of more aggressive ECB
Bounce from new 20-year low, after larger bears got trapped under parity level, extends into third straight day and accelerates on Tuesday.
The Euro was lifted by weaker dollar and received fresh support on signals that the ECB, at their…
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Dollar remains at the back foot on calmer tones from Fed and more hawkish signals from ECB
The dollar index holds in red for the third consecutive day and extends pullback from new 20-year high, to hit one-week low in European trading on Tuesday.
The sentiment softened after US policymakers cooled down the speculation that the…
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