Dovish ECB’s stance signals the central bank is further diverging from its major peers
The European Central Bank kept its benchmark interest rates unchanged, as widely expected and stuck to its decision to end the stimulus program in the third quarter this year but did not provide any further details that disappointed…
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Bulls lose traction in pre-holiday trading
The USDJPY stands at the back foot on Thursday, but still with limited downside, after Wednesday’s shooting start indicated that bulls might be running out of steam.
Traders reduced pace ahead of Easter holiday, which usually causes lower…
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Bullish engulfing generates initial reversal signal
Cable keeps positive tone in European trading on Thursday, following almost 1% advance on Wednesday (the biggest one-day gains since 9 July 2021).
Repeated failures to clearly break through 1.30 support resulted in strong bounce that…
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Bears slow ahead of key support, awaiting ECB’s verdict on Thursday
The Euro is trading at a reduced speed and just ticks above key support at 1.0806 (Mar 7 low) on Wednesday, as bears slow on headwinds from 1.0806 and ahead of tomorrow’s ECB policy meeting.
The bear-leg from 1.1184 (Mar 31 high) remains…
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Fresh acceleration higher signals an end of month-long range, as demand for gold rises
Spot gold extends advance into a fifth straight day and hit the highest in four weeks on Wednesday.
Fresh strength emerges above the month-long range, signaling that metal’s price is establishing in a fresh direction, after holding in…
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UK inflation rises to 30-year high in March
UK inflation rose further in March, hitting the highest level in 30 years that increases pressure on households and prompts government to take further steps in easing the cost of living squeeze.
The annual inflation rate climbed to 7% in…
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The Kiwi dollar drops after RBNZ tempered its unexpected 0.5% rate hike
The New Zealand’s dollar fell to one-month low in early Wednesday’s trading, after the RBNZ surprised markets by 0.5% rate hike, the biggest rate hike in more than twenty years (most of analysts expected a quarter percent increase).
The…
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Dollar index eases on expectations that US inflation may have peaked
The dollar index edged lower on Tuesday, following a multiple failure to sustain probes above psychological 100 barrier.
Traders sold dollar after US inflation rose further in March and made a biggest multi-year rise, but some signs add to…
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US inflation rose further in March, boosting expectations for Fed’s 0.5% rate hike next month
The US inflation continued to rise in March, driven mainly by record prices of fuel, surging food prices as Russia and Ukraine are the major world exporters of wheat and sunflower oil and strong rise in rental housing prices.
The…
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Bulls pressure multi-year high but overbought conditions warn of possible stall
The USDJPY maintains bullish tone on Tuesday, following Monday’s 1% advance that peaked at 125.76, just ticks ahead of key barrier at 125.84 (2015 peak, the highest since 2002).
Bulls remain firmly in play, driven by firming dollar on…
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