Euro continues to travel lower after last week’s1.3% fall; ECB in focus
The Euro fell to new 3 ½ month low in early Monday’s trading, extending steep fall into fourth straight day.
The pair fell 1.3% last week, recording the biggest weekly loss since the last week of September 2020.
Last Friday’s close below…
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The activity in German industrial sector unexpectedly fell in January
The production in German industrial sector which includes manufacturing, construction and energy, fell 2.5% in January from December’s upwardly revised 1.9% and against forecasted increase of 0.2%.
The biggest contribution to January’s…
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Dollar rises to 3 1/2 month high after strong US labor data
The dollar jumped to 3 ½ month high on Friday after us labor data showed jobs growth accelerated above expectations in February.
Falling new Covid-19 cases and increased vaccination rate improved the sentiment, with better-than-expected US…
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Upbeat jobs data signal that US labor market recovery gains traction
US non-farm payrolls surged 379,000 jobs in February, compared to upwardly revised January’s figure from 49,000 to 166,000, after the payrolls fell for the first time in December and heavily beat expectations for increase by 182,000 jobs.…
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Bears resume after five-day consolidation under 1.40
Cable dropped to three-week low on Friday, after breaking below five-day congestion, capped by 1.40 barrier.
Fresh strength of the US dollar added pressure on sterling to extend pullback from new nearly three-year high (1.4238), with…
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Gold falls to nine-month low after breaking key supports
Spot gold broke through $1700 handle and fell to nine-month low on Friday, extending larger downtrend after remarks from Fed’s Chair Jerome Powell lifted dollar and bond yields.
The yellow metal is on track for the third straight weekly…
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Euro extends through key supports after strong fall on Thursday
The Euro extends weakness in early Friday’s trading and probes through key short-term supports at 1.1952/45 (Feb 5 low / Fibo 23.6% of 1.0637/1.2349), following strong bearish acceleration on Thursday which resulted in close below…
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US jobless claims increase moderately, but optimism about further recovery in the US labor sector…
US initial claims for state unemployment benefits rose to 745,000 for the week ended February 27, compared to downwardly revised 736,000 previous week, but fell below forecasted 750,000.
Increase of the number of Americans filling for…
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Markets await OPEC+ decision for fresh signals
WTI oil eases in European trading on Thursday following previous day’s bounce that sidelined fresh bears on pullback from new multi-month high at $63.79.
Oil prices remained mainly unaffected by a record surge in US crude inventories of…
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Return below thick daily cloud brings bears back to play
Near-term structure weakens further on Thursday as fresh bears gain pace and return below daily cloud base (which contained Wednesday’s dip), offsetting positive signal from Tuesday’s strong downside rejection (long tail of daily candle)…
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