Bears remain firmly in play for extension of post-BoE’s 2.1% drop
Early Friday’s action is consolidating within a narrow range after Thursday’s post-BoE 2.1% fall, but sterling remains biased lower.
Fresh bearish acceleration was sparked by BoE rate hike in line with expectations but darkened outlook, as…
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Bank of England raises rates to 1% on threats of a double-digit inflation
The Bank of England raised interest rates by 25 basis points, in line with expectations, pushing the borrowing cost to the highest since 2009, but with more than expected dissonant tones from the policymakers, who voted 6-3 for 0.25% hike…
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BoE is on course for 0.25% hike but traders focus on signals about cb’s future steps
Cable edges lower on Thursday, reversing a good part of post-Fed rally, after the US central bank disappointed many who expected more aggressive action and remaining within a consolidation range, which extends into sixth consecutive day.…
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Dollar regains traction after shallow post-Fed dip
The dollar regained traction in early Thursday’s trading after post-Fed’s 0.9% drop was contained by rising 10DMA, signaling that weakness is likely to be short-lived and dips to offer better buying opportunities for robust dollar.
In a…
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Growth in US private payrolls slows in April
The ADP National Employment Report showed that the US private payrolls rose by 247,000 jobs in April, down from previous month’s upwardly-revised figure from 455,000 to 479,000 jobs added and overshot expectations for 395,000 new jobs in…
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Bulls may accelerate on clear break of 130 pivot, Fed eyed for fresh signal
Bulls are taking a breather after a massive 13% advance in past two months cracked psychological 130 barrier but failed to register a monthly close above here.
Consolidation should be ideally contained by sideways-turned daily Tenkan-sen…
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GBPUSD – post-Fed bearish continuation is likely scenario, but traders remain cautious
Cable is trading in a very quiet mode in early Wednesday, ahead of key event of the day – FOMC rate decision.
The pair is holding at the lower side of the near-term consolidation range, which extends into fifth consecutive day.
Overall…
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Euro trades in extended directionless mode ahead of Fed
The Euro extends consolidation above five-year low into fourth straight day, with sideways trading reflecting quiet mode ahead of Fed’s policy decision, due on Wednesday.
Bears are taking a breather after nearly 5% drop in April, with the…
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Aussie bounces after a hawkish RBA hike, but recovery was so far limited
The AUDUSD jumped to two-day high (0.7147) after being in red for the seven consecutive days, lifted by the Reserve Bank of Australia rate hike on Tuesday.
The RBA surprised markets by raising interest rate by 25 basis points to 0.35%, as…
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The Reserve Bank of Australia raises interest rates more than expected, signals further hikes
The Reserve Bank of Australia surprised markets by raising its main interest rate by 25 basis points to 0.35%, against wide expectations for 15 basis points hike, although many economists expected the RBA to stay on hold in May, due to…
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