Releasing the FOMC Meeting Minutes and the various possibilities facing the market
EURUSD, the price has reached a potential reversal zone from the mid-term uptrend channel and significant support of 1.1 and is on the verge of a valid crossing of this range. If this valid break-out has happened, the first possibility will…
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Possible increase in Russian sanctions by the United States and European Union and its impact on…
After the United States announced that it would increase sanctions on Russia, the European Union is now looking to impose new sanctions on fuel imports from Russia; risk aversion may increase in financial markets.
Technically, stock…
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European Union and US reached LNG deal as Europe looks to cut imports of Russian gas
The European Union and United States reached a deal to supply Europe with more liquefied natural gas (LNG) as the European Union wants to curb their dependence on Russian gas at a first stage and to gradually cut supplies from Russia.…
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Bulls are losing traction on approach to key resistance
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair.
Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese currency remains under…
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Cable remains directionless between pivotal Fibo levels
Cable holds in a choppy and directionless mode for the second straight day and remained resilient despite downbeat UK retail sales data for February.
Weaker dollar in European trading on Friday helped sterling ahead of pivotal support at…
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Soaring inflation hurts UK retail sales more than expected in February
UK retail sales fell below expectations in February, as soaring inflation lifted food and energy prices, hurting household budgets that resulted in reduced consumer confidence.
Retail sales fell by 0.3% in February following a 1.9% rise…
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German economic activity slowed less than expected in March, but the outlook continues to darken
German business activity slowed in March, but data showed lower than expected impact from a record inflation and the war in Ukraine to the largest European Union’s economy.
Germany’s Composite Purchasing Managers’ Index, which tracks…
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EURUSD weakens but signal of potential bear-trap keeps near-term outlook mixed
The Euro weakens on Wednesday, signaling that bears from 1.1137 (Mar 17 recovery top) regained traction after a brief pause on Tuesday.
Fresh weakness probes again through cracked pivotal Fibo support at 1.0971 (50% retracement of…
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UK inflation soars to the highest since 1992 in February
Raging UK inflation rose to the highest in 30 years in February, extending uninterrupted rise into fifth straight month, lifted by soaring prices of petrol energy and food.
Annualized figure of consumer prices rose by 6.2% last month,…
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The dollar hits new multi-year high vs sinking yen
The USDJPY rose to the highest in six years on Wednesday, in extension of Tuesday’s 1.1% rally (the biggest one-day advance since Nov 10), as dollar continues to benefit from rising optimism on expectations of more aggressive Fed, while yen…
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