Gold extends pullback on a dash of optimism over Ukraine and expected Fed rate hike
Spot gold continues to trend lower and extend pullback from last week’s high at $2070 to the lowest in nearly two weeks in early European session on Tuesday.
Fresh optimism about ceasefire talks in Ukraine, although the latest round of…
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Bears may take a breather before push through psychological 1.30 support
Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies.
Bounce is likely to correct the latest fall, with RSI on daily chart emerging…
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Bulls further tighten grip after last week’s 2% advance, ahead of Fed
The USDJPY extends its steep ascend on Monday, following nearly 1% rise on Friday, the biggest daily advance since November 2020.
Fresh acceleration (0.5% up until early US session on Monday) cracked 118.00 barrier, opening way for test of…
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The dollar remains firm on geopolitical tensions and wide expectations for Fed rate hike
The dollar index edged lower in European session on Monday, after hitting a session high (99.28) in Asian and still holding positive sentiment, despite reviving risk sentiment on fresh optimism over Russia – Ukraine ceasefire talks.
The…
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WTI oil is on track for strong weekly drop on improved sentiment, but traders remain cautious
WTI oil price edged higher on Friday but remains below $110 per barrel for now, after falling sharply in past two days on optimism of de-escalation of the conflict in Ukraine and easing concerns about stronger disruption of global oil…
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The pair could extend to 2017 high in dollar-positive environment
The USDJPY accelerated strongly higher on Friday (up around 0.7% in Asia / Europe), extending steep rally into fifth straight day.
Strong US inflation data (Feb CPI soared to the highest since 1982) fuel expectations for Fed rate hike in…
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Recovery stall and formation of bull trap weigh on euro
The Euro extends weakness in early Friday after strong recovery from multi-month low (1.0806) lost traction and quick pullback resulted in bearish close on Thursday (big red daily candle with long upper shadow).
The sentiment weakened by…
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UK economy grew more than expected in January
The United Kingdom gross domestic product grew by 0.8% m/m in January after declining 0.2% in December and strongly beat forecast for 0.2% growth, while annualized figure showed 10% expansion, in a strong acceleration from December’s…
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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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