German economy showed resilience in Q1 and avoided recession
German economy grew by 4% on year in the first quarter, in line with expectations, compared to 1.8% expansion in the fourth quarter 2021, while growth on quarter was 0.2% in Q1, following 0.3% contraction in the last three months last year.…
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Bears resume after a brief pause, eye key supports at 125 zone
Bears tightened grip on Tuesday after being congested in past three days, sending the pair to five-week low and signaling an extension of corrective pullback from new 20-year high (131.34).
Profit-taking after strong bullish acceleration…
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Improved risk sentiment keeps the dollar under pressure for deeper correction
The dollar index fell to one-month low on Tuesday, in extension of Monday’s 0.85% drop, under increased pressure from renewed risk appetite.
Hawkish comments from ECB’s President Lagarde that the European Central Bank is likely to start…
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Weak Britain’s PMI figures signal a sharp slowdown in activity and warn of recession
Britain’s Purchasing Managers’ Index data, a gauge of the manufacturing and services industries, dropped well below expectations in May, warning that the economy slowed more than expected.
Downbeat May figures, accompanied with rising…
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Extended recovery eyes pivotal barrier at 1.0767
The Euro keeps firm tone in early Tuesday and rises above 1.07 mark, in extension of Monday’s 1.2% rally.
Fresh risk appetite and hawkish comments from the ECB underpin recovery, but so far positive fundamental factor is weighed by…
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The European central bank likely to start raising rates in Q3 – ECB President Lagarde
The European Central Bank’s President Christine Lagarde said today that the central bank is likely to start raising its interest rates by the end of the third quarter this year.
The ECB is on track to start moving its deposit rate from…
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German business morale unexpectedly rises in May
The data from Ifo Institute showed that German business morale unexpectedly rose in May, jumping to 93.0 from April’s upwardly revised figure at 91.9 (from 91.8) and strongly beat the forecast at 91.4.
Acceleration in Germany’s services…
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Cable extends recovery on fresh risk appetite, but overall picture is negative
Cable rose to the highest in over two weeks in early Monday, lifted by improved risk sentiment on comments from the US President Biden about possible reduction of tariffs on China.
Fresh strength signals an extension of last week’s 2.05%…
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Surprise jump in UK retail sales likely to little impact overall negative picture
Unexpected and strong rise in UK retail sales in April cheered overall gloomy picture, but many economist see it just as a temporary phenomenon which is unlikely to be long-lasting.
Monthly retail sales rose by 1.4% in April after…
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Improving techs point to further short-squeeze, but fundamentals still rule
The Euro is standing at the back foot on Friday, following 1.2% advance on Thursday, but dips were so far limited, adding to positive signal from Thursday’s bullish engulfing pattern.
Fresh bullish momentum on daily chart and formation of…
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