German investor morale falls to the lowest in over two decades as soaring inflation fuels fears of…
German ZEW economic sentiment index which measures the level of investor morale, fell further in August, hitting -55.3, the lowest since late 2008, in extension from July’s -53.8 figure and identical consensus.
Data show that the…
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Dollar edges higher but still holding within a triangle
The USDJPY regained traction on Tuesday and resumed the upleg from Aug 11 trough (131.73).
Fresh bullish acceleration broke through important Fibo barrier at 133.83 (38.2% of 139.39/130.39) and pressuring the triangle resistance trendline…
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Cable remains at the back foot ahead of key UK inflation data
Bears extend into fourth consecutive day and probe through important support at 1.2026 (50% of 1.1760/1.2293 upleg / daily Kijun-sen), pressuring psychological 1.20 support.
Technical structure on daily chart is negative (MA’s in bearish…
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Euro remains under pressure on global growth worries and probes again through pivotal Fibo support
The Euro remains under increased pressure for the third straight day, driven by risk aversion on renewed worries about slower global growth.
Downbeat China’s industrial production and retail sales data, PBOC rate cut and unexpected strong…
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Oil prices fall due to foggy expectations, but are preparing for weekly gains
Oil prices fell in Asian session on Friday amid an uncertain demand outlook, although benchmark contracts are headed for weekly gains as recession fears ease.
Brent crude futures are down 49 cents, a barrel, while US crude are down 50…
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The rise of the dollar and the decline of the sterling
The US dollar rose in early European trade on Friday, rebounding somewhat after a two-day sell-off as weaker-than-expected inflation data led to a rethink of the Federal Reserve's potential tightening path.
The dollar's weakness is…
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Gold Slips as Risk Appetite Improves, Copper Hits 5-Week High
Gold prices fell on Thursday as fears of a US recession eased by weak inflation data, but copper prices held to a five-week high as the dollar weakened.
As of 2113 ET (0113 GMT), spot gold fell 0.1% to $1,789.91, while gold futures were…
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Dollar struggles to offset inflation-related losses
The euro and Japanese yen held onto most of their overnight gains on Thursday, having been boosted by U.S. inflation data coming in less hot than feared and sending the dollar tumbling.
After gaining 0.84% on Wednesday, the common…
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Oil slips as U.S. crude stockpiles rise
Crude oil prices fell Wednesday after industry data showed U.S. crude inventories unexpectedly increased last week.
Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel at 0323 GMT.
U.S. West Texas…
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European stock futures fell. US CPI in the Spotlight
European stock markets are expected to open slightly lower on Wednesday ahead of key U.S. inflation data that could signal the Federal Reserve's future plans to tighten monetary policy.
At 02:00 AM ET (0600 GMT), the DAX…
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