The Kiwi dollar drops after RBNZ tempered its unexpected 0.5% rate hike
The New Zealand’s dollar fell to one-month low in early Wednesday’s trading, after the RBNZ surprised markets by 0.5% rate hike, the biggest rate hike in more than twenty years (most of analysts expected a quarter percent increase).
The…
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Dollar index eases on expectations that US inflation may have peaked
The dollar index edged lower on Tuesday, following a multiple failure to sustain probes above psychological 100 barrier.
Traders sold dollar after US inflation rose further in March and made a biggest multi-year rise, but some signs add to…
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US inflation rose further in March, boosting expectations for Fed’s 0.5% rate hike next month
The US inflation continued to rise in March, driven mainly by record prices of fuel, surging food prices as Russia and Ukraine are the major world exporters of wheat and sunflower oil and strong rise in rental housing prices.
The…
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Bulls pressure multi-year high but overbought conditions warn of possible stall
The USDJPY maintains bullish tone on Tuesday, following Monday’s 1% advance that peaked at 125.76, just ticks ahead of key barrier at 125.84 (2015 peak, the highest since 2002).
Bulls remain firmly in play, driven by firming dollar on…
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Bears regain control after short-lived bounce
The Euro weakened further in early European trading on Tuesday, as Monday’s recovery following initial reversal signal on Friday’s long-tailed Doji, was short-lived.
Bears regained traction after recovery peaked at 1.0933, as subsequent…
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Oil prices drop below $100 on release of strategic reserves and China lockdowns
Crude dropped nearly 4% on Monday, extending weakness to the lowest in over three-weeks, with both contracts holding firmly below psychological $100 level.
The decision of the member nations of the International Energy Agency to release…
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UK economic growth slowed below expectations in February
UK economy grew by 0.1% in February, compared to 0.8% expansion in January and disappointed expectations for 0.3% growth, with component shortages that continues to hurt auto industry, tightening cost of living and storm disruptions, mainly…
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Bears probe again through key 1.30 support as downbeat UK GDP adds to negative sentiment
Cable remains in a negative mode in early Monday and probed again through key 1.30 support (psychological / Mar 15 low), following last Friday’s short-lived dip to 1.2982 (the lowest since Nov 2020).
Rising US dollar keeps the pound in…
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Bulls tighten grip and look for retest of 2022 high
The USDJPY continues to trend higher and extend uninterrupted recovery from a higher base at 121.27 (Mar 30/31) into sixth straight day, on track for the fifth consecutive strong weekly gains.
Today’s acceleration cracked pivotal Fibo…
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German industrial sector starts to slow on Ukraine war; the worst still to come
German industrial production rose by 0.2% in February after increase of 1.4% in January, keeping an optimistic mode despite the February’s figure was significantly lower, as the industrial output continued to rise for the fifth straight…
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