Better than expected German investor morale data are not enough to significantly improve economic…
German ZEW Institute data on Tuesday showed economic sentiment rose to -34.3 points in May from -41 in April and surprised expectations for -42 fall.
Slight rise, or smaller than expected drop in German investor morale in May was a…
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Oil is consolidating after a sharp fall on growing economic worries and robust dollar
WTI oil is consolidating above strong $100 support (psychological / Fibo 61.8% of $92.92/$111.33 upleg), following a 7% drop on Monday (the biggest one-day loss since Mar 28), as strong dollar and economic worries soured sentiment,…
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Dollar rises to 20-year high on safe-haven buying, higher interest rates
The dollar index hit a twenty-year high in early European trading on Monday, as bulls regained pace after last week’s shallow correction.
Strong demand for the greenback on rising interest rates and expectations for more aggressive policy…
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US labor sector grows above expectations in April
The US Labor Department’s employment report showed non-farm payrolls rose by 428,000 jobs in April, equivalent to previous month’s downwardly revised figure from 431,000, beating forecast for 391,000 rise in new jobs.
The report also…
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Firm break of 130 zone to add to bullish outlook for retest of 20-year high
The USDJPY returned to bullish mode, after shallow pullback from new 20-year high found firm ground at 129 zone, contained by rising 10DMA and Fibo 23.6% of 121.27/131.24 upleg.
Bulls are establishing above 130 level, but need weekly close…
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German industrial production falls below expectations in March
German industrial production dropped well below expectations in March, as the impact from the war in Ukraine starts to bite stronger and Covid restrictions in China further disrupted supply chains and added to persisting difficulties for…
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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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