UK inflation rises above expectations in November
Inflation in Great Britain rose above expectations in November and hit the highest since March, though the negative impact was partially offset unchanged services inflation, one of BOE’s key gauges for underlying inflation.
UK consumer…
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USDJPY – dollar remains well supported by wide gap between Fed and BoJ monetary policies
USDJPY remains steady, though at narrower range on Wednesday, awaiting the FOMC verdict later today.
Tuesday’s dip from new three-week high, which interrupted a six-day rally, is likely to be short-lived, as the dollar remains well…
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AUDUSD hits new 2024 low ahead of widely expected Fed’s hawkish cut
AUDUSD hit new 2024 low and trading near the lowest since Oct 2023 on Thursday, after strong bearish signal was generated on Tuesday’s close below former annual low (0.6348, Aug 5 spike low).
Aussie remains pressured from slower than…
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GBPUSD – recovery picks up and cracks pivotal barriers, ahead of FOMC decision
GBPUSD extends recovery into second consecutive day and cracks important barriers at 1.2700/14 (psychological / 10DMA), but without break higher so far.
Monday’s bounce generated initial positive signal on completion of bullish engulfing…
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Gold remains in red and eyes key supports
Gold price fell further on Tuesday morning after two-day sharp fall (down 2.5%) paused on Monday.
Stronger dollar on growing expectations that US interest rates will remain elevated, keeps the metal’s price under pressure.
Fresh bears…
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Expectations that Fed interest rates will remain elevated on longer run to underpin dollar
The dollar index firmed in early Tuesday trading and pressuring the peaks of recovery leg from 105.37 (Dec 6 low).
Although last Fri/Mon action was shaped in Doji candles and signaled indecision, this was likely a consolidation before…
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Bitcoin hits new record high above 100K
BTCUSD hit new record high near 108K on Monday, lifted by euphoria about President-elect Donald Trump’s pro-crypto stance, which culminated after he reiterated his plans to create a US bitcoin strategic reserve.
I already spoke about…
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Cable dips further after weak UK data, consolidation may precede fresh push lower
GBPUSD fell further on Friday, holding in red for the third consecutive day, driven by stronger dollar and additionally pressured by unexpectedly weak UK Oct GDP numbers.
Fresh weakness tested support at 1.2618 (last week’s low / 100WMA)…
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EURUSD – ECB’s rate cut and dovish shift add to negative fundamentals
EURUSD – choppy post-ECB trading keeps the price within a 50-pips range and lacks clearer near term direction signal.
Rate cut by 25 basis points and dovish shift by the central bank which signals that the door for further easing remains…
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Swiss Franc falls after SNB’s surprise 0.50% rate cut
USDCHF rose to two-week high on 0.8% jump on Thursday morning, after the Swiss National Bank surprised by 50 basis points rate cut (0.50% from 1%) against widely expected 25 basis points cut.
This was the fourth policy easing in 2024,…
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