Fed is committed to start raising interest rates to fight high inflation, but policymakers are not…
The minutes of US Federal Reserve Jan 25/26 policy meeting showed that the central bank is ready to start raising interest rates, as inflation tightens its grip, and the labor market remains strong.
Fed officials said that it would be…
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Gold holds firm tone ahead of Fed minutes
Spot gold regained traction on Wednesday and bounced 0.5% following Tuesday’s 1% drop, keeping steady tone on strong demand as safe haven against geopolitical tensions and a hedge against inflation.
Traders await release of Fed minutes of…
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US retail sales rise well above expectations in January after strong decline in December
US retail sales surged 3.8% in January, following December’s decline (downwardly revised from -1.9% to -2.5%) and strongly beat forecast for 2.0% rise.
Strong rebound in January was sparked by surge in purchases mainly of motor vehicles…
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Higher than expected UK inflation lifts sterling
Cable ticked higher after UK inflation beat forecast in January and hits the highest in thirty years.
Further rise in consumer prices underpins expectations of more BoE rate hikes, with strong bets for the third consecutive hike in March.…
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UK inflation rises to highest in 30 years in January
Britain’s inflation rose further in January, increasing pressure on consumers and boosting expectations that the Bank of England will raise interest rates again in its next policy meeting that will be the third hike in a row.
The…
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Oil dips over 3% as tensions over Ukraine ease
WTI oil price pulls back from new 7-year high on Tuesday, as geopolitical tensions ease on news that Russia returns some military units to their bases after exercises near Ukrainian border.
Optimistic news prompt traders to collect some…
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Fresh advance on renewed risk appetite needs to clear key obstacles at 1.1350 zone to resume
Steep fall in past two days is pausing as fresh bulls emerged on optimistic news from Ukraine that revived risk sentiment and lifted the Euro in European session on Tuesday.
Today’s economic data from the EU came mainly in line…
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Positive news from Russia lift pound
Cable rose in early European trading on Monday after Russian Ministry of Defense announced return of some troops to bases near Ukraine.
Positive news cooled the situation and revived hopes that a war can be avoided, lifting risk-sensitive…
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Calmer tones from US policymakers come after initial signals of more aggressive rate hike in March
The US inflation increased further in January and hit the highest in 40 years that fueled expectations for more aggressive approach from the US Federal Reserve in their next policy meeting.
After the number of economists and some…
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Gold remains well supported by overheated geopoliticals, consolidation to precede fresh push higher
Spot gold price eases from new three month high ($1865) posted last Friday when the metal price rose 1.75% (the biggest one-day advance since 13 Oct 2021).
Overall structure remains firmly bullish as rising tensions over Ukraine continue…
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