Gold is consolidating after 2.2% fall; NFP in focus for fresh signals
Spot gold is consolidating above new two-month low ($1785) posted on Thursday after 2.2% daily drop (the biggest one-day loss since Jan 8) which broke and closed below psychological $1800 level.
The yellow metal came under increased…
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Near-term focus shifts higher on post-BoE rally
Cable is stabilizing under session high (1.3697), hit after sharp acceleration higher on BoE’s decision to stay on hold and sideline bets on negative interest rates for coming months.
Relief rally of approx. 1.5 cent significantly reduced…
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US jobless claims decline for the third straight week, signaling stabilization in labor market
US initial claims for state unemployment benefits fell to seasonally adjusted 779,000 for the week ended January 30, from previous week’s downwardly revised 812,000 and beat forecast for 830,000 increase.
The third straight weekly…
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Bank of England keeps rates and stimulus programme on hold, scales back bets on sub-zero rates
The Bank of England kept interest rate and stimulus unchanged on today’s policy meeting, on hopes that economic recovery will pick up this year and said that preparation for any rate cut below zero needs at least six month.
The central…
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Eurozone retail sales rose above expectations in December
Eurozone retail sales rose 2% in December, beating forecast for 1.6% increase after dropping by 5.7% previous month.
Rebound above expectations was fueled by a Christmas shopping, particularly a surge in sales of clothes and shoes.…
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Euro falls to 2-month low following break of psychological 1.20 support
The Euro cracked psychological 1.20 support, after bears showed hesitation above this level in past two days and fell to two-month low in European trading on Thursday.
Stronger dollar and fading risk sentiment weigh on euro, adding to…
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Sterling eases further on zero rate worries
Cable extends weakness (down 0.46% in Asia / early Europe) on Thursday and hit two-week low, following negative signal on eventual daily close below 20DMA.
The sentiment weakens further on growing worries that the Bank of England may…
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Bears to extend further after break of key supports
The USDTRY returned to red on Wednesday after bears took a breather on Tuesday, when price bounced from new six-month low (7.0887).
The pair was down nearly 4% since it broke pivotal 200DMA last week, with additional negative signals being…
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Hiring in US private sector rebounds in January despite soaring Covid-19 cases
US private payrolls increased by 174,000 in January, rebounding from last month’s downwardly revised figure which showed loss of 78,000 jobs instead of initially reported 123,000 rise and strongly beating forecast for increase of 49,000.…
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Inflation in Turkey rises to 15%, signaling that CBRT will keep policy tight
Turkey’s annual inflation rose to 14.97% in January, beating forecast at 14.68% and monthly consumer prices also climbed above expectations, hitting 1.68% in January against consensus for 1.4% increase.
Fresh rise was fueled by food and…
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