US inflation soars to the highest in 40 years in February
The US inflation spiked to new highest in 40 years in February and showing signs of further rise as the prices of energies and other commodities skyrocketed on growing uncertainty over the war between Russia and Ukraine, additionally…
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The ECB will try to balance between war risk and raging inflation in its policy meeting today
All eyes are on the European Central Bank’s policy meeting today, as investors look for more information about the central bank’s plans on how to act in new reality, which the ECB hasn’t experienced yet.
From one side, the shockwaves…
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Recovery loses traction, keeping in play risk of bearish continuation
Cable eases on Thursday following repeated rejection on approach to 1.3200 barrier, signaling that fresh bulls might be running out of steam.
Initial signal of reversal on formation of Doji reversal pattern failed to get a confirmation on…
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Euro steadies above 1.10, awaiting the ECB’s decision
The Euro steadies above 1.10 level in European session on Thursday, following 1.6% rally previous day (the biggest one-day rally since Jan 9, 2019).
The single currency was lifted by improved sentiment on hopes of de-escalation of the…
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Oil price falls around 6% as supply fears ease
WTI oil fell around 6% on Wednesday, as tensions over the war in Ukraine eased, bringing a dash of optimism that sparked fresh risk appetite.
In addition, fears of significant global supply shortage after the US banned Russian oil imports…
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Gold price eases on fresh risk mode
Spot gold was down around 2.5% on Wednesday, as fresh wave of optimism on de-escalating conflict in Ukraine hit the markets and sparked demand for riskier assets, pushing the safe-haven metal in defensive.
Pullback from Tuesday’s peak at…
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Formation of morning star pattern is positive signal, but more work at the upside needed to point to…
Revived risk mode on fresh optimism over the crisis in Ukraine pushes sterling higher in European trading on Wednesday, with bounce from new multi-month low (1.3081), putting larger bears temporarily on hold.
Fresh advance interrupts steep…
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Fresh risk mode lifts Euro further but recovery is tentative below key obstacles at 1.1000/40
The Euro stands at the front foot for the second consecutive day, boosted by improved sentiment on growing expectations for a de-escalation of the conflict in Ukraine that revived risk appetite.
Tuesday’s first bullish close after five…
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Break of key supports generates negative signals for Turkish lira
The cross rose over 0.5% on Monday and hit 8-day high, on a biggest one-day rally in one month.
Sterling, as more risk-sensitive currency than the euro, reacted negatively on strong risk aversion that pushed global equities sharply lower.…
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Eurozone economy expanded further in the fourth quarter of 2021
The Eurozone GDP rose by 4.6% y/y in the fourth quarter of 2021, in line with expectations, compared to 3.9% growth in the third quarter, while monthly growth in the 19 countries sharing the single currency, was 0.3%, matching consensus.…
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