Aussie slips on vaccine issues but the action is still within a larger range
The Australian dollar slipped in early Friday’s trading (down 0.65% for the session) pressured by worries about a slowdown in Australia’s coronavirus vaccine rollout, following the imposition of restrictions on the use of AstraZeneca…
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US jobless claims rose again despite improving labor market
US weekly jobless claims rose for the second straight week, remaining stubbornly above 700K mark, signaling that drop to 658K two weeks ago was so far a false break
The number of Americans filling new claims for state unemployment…
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Gold cracks pivotal barrier on fresh acceleration higher as dovish Fed deflated dollar
Spot gold hit three-week high on Thursday after Fed’s minutes showed that the central bank is going to keep ultra-low interest rates for some time that deflated dollar and US yields and boosted metal’s appeal.
Fresh strength cracked…
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Bears resume after Fed and eye key 200WMA support
The pair extends weakness after near-term bears paused on Wednesday, hitting 1 ½ week low as dollar came under pressure after Fed minutes signaled that the central bank would stick to its ultra-accommodative policy until getting firmer…
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Bulls continue to face headwinds at 200DMA as signals are mixed
Fresh advance in early European trading on Thursday probes again through cracked 200DMA barrier, offsetting for now negative signals from Wednesday’s strong upside rejection that left bearish daily candle with long upper shadow and repeated…
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EURGBP rose to one-month high but thick falling daily cloud weighs
The cross is in strong rally for the second day and hit one-month high (0.8663) after over 2% advance in two days.
The Euro remains boosted by strong economic data while sterling came under increased pressure on concerns about the Astra…
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US trade deficit rose to a record high in February
The US trade deficit surged 4.8% to record $71.1 billion in February, from $67.8 billion gap previous month and also beat forecast for $70.5 billion.
Imports fell by 0.7% to $258.3 billion from $260.2 billion, reflecting limitations in…
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Recovery extension cracks key 200DMA barrier
Bulls stay firmly in play and probe through key barrier at 1.1880 (200DMA / Fibo 61.8% of 1.1988/1.1704), to hit two-week high (1.1898) on Wednesday, in extension of 1% advance in past two days.
Today’s action was boosted by solid EU data…
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EU business activity accelerated above expectations in March
The Eurozone service industry performed better than expected in March despite tight restrictions imposed to battle a third wave of coronavirus infections across the continent.
EU’s Services Purchasing Manager’s Index (PMI) rose to 49.6…
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Cable dips to one-week low ahead of UK data
Cable holds in red for the second day and fell to one-week low (1.3772) in early European trading on Wednesday, in extension of Tuesday’s 0.53% drop.
Recovery stall and subsequent weakness point to a bull-trap above 1.3887 Fibo barrier…
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