Euro stands at the back foot ahead of today’s key event – US inflation data
The Euro is trading within a narrow consolidation in European session on Friday, but keeps negative tone, following 0.92% post-ECB drop on Thursday.
The single currency lost ground as traders were disappointed by a lack of firmer signals…
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ECB ends Asset Purchases and signal 0.25% rate hike next month
The European Central Bank announced an official end of its long-lasting stimulus program and kept interest rate unchanged at -0.5%, in widely expected action at the central bank’s June policy meeting, but focus was on the next steps, which…
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China’s exports surge on easing Covid restrictions, imports from Russia rose by 80% in May
China’s exports soared in May, rising to the highest in five months, while imports expanded for the first time in three months, as factories restarted on easing Covid restrictions.
Exports in May rose by 16.9%, following 3.9% expansion…
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ECB to signal a series of rate hikes following an end of long-lasted stimulus
The European Central Bank policymakers meet today and expected to confirm an end of era of Asset Purchase Program and lay a groundwork for start of tightening its monetary policy.
Record- high bloc’s inflation at 8.1%, with signals of…
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WTI keeps firm tone for final clear break of $120 barrier
WTI oil keeps firm tone and probes above cracked $120 level on Wednesday, despite unexpected rise in US crude inventories by 2.02 million barrels against forecasted drop of 1.9 mln bls, with positive sentiment being boosted by easing demand…
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Lira’s fall accelerates for likely retest of all-time low
The USDTRY is in strong bullish acceleration for the third straight day (advancing 2.2% only today, as lira came under fresh and increased pressure on worries about skyrocketing inflation (73.5% in May), exhausted country’s reserves and…
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EURJPY accelerates to the highest in seven years
The EURJPY cross accelerated steep rally on Wednesday, hitting the highest levels since January 2015 and on track for the biggest daily gains since Feb 3.
Yen remains strongly pressured by BoJ’s ultra-easy monetary policy, compared to…
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Weakened near-term structure favors further downside
The Euro is holding in red in early Wednesday and probing again through Fibo support at 1.0683 (23.6% of 1.0349/1.0786 upleg).
Fresh bears emerged after recovery was rejected at pivotal Fibo resistance at 1.0787 (38.2% of 1.1494/1.0349)…
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GBPJPY continues to trend higher and looks for retest of 2022 high
The GBPJPY extends steep ascend into tenth straight day, hitting the highest since Apr 22 on Tuesday, in extension of Monday’s strong acceleration (the pair was up 1% for the day in the biggest daily advance since May 17).
Weak yen on…
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UK businesses slow further in May as surging inflation bites – PMI
The UK Services PMI, which represents the activity in Britain’s dominant services sector, fell to 53.4 in May from 58.9 in April, marking the record monthly fall, with minor impact from May’s figure beating forecast at 51.8.
The…
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