US non-farm payrolls rose above expectations in January
The US non-farm payrolls rose well above expectations in January, adding 467,000 jobs vs forecasted increase by 150,000, while December’s figure was upwardly revised from initial 199,000 to 510,000.
The report showed jobless rate ticked…
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Oil price rally for the seventh straight week on geopolitical tensions and supply fears, $100…
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday.
Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and…
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Post-ECB bullish acceleration pressures key 1.1500 resistance zone
The Euro continues to trend higher for the fifth straight day, with extension of Thursday’s post-ECB 1.2% rally, pressuring key 1.1500 resistance zone (Jan 14 lower top / 200WMA).
The single currency was boosted by more hawkish that…
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Dollar falls further on BoE and ECB’s hawkish steer
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings.
Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed ECB’s narrative in…
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BoE’s hawkish hike lifts cable through pivotal 1.3600 resistance
Cable extends advance into fifth straight day, with fresh acceleration through important 1.3600 barrier (Fibo 61.8% of 1.3748/1.3357 bear-leg) which hit two-week high, being sparked by BoE’s hawkish shift.
The Bank of England hiked…
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Turkey’s inflation rises to highest in two-decades in January
Turkey’s inflation rose above expectations and hit the highest in twenty years in January.
Annualized figure jumped to 48.7% previous month, while monthly figure showed consumer prices rose 11.1% from December, with both figures…
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Bear-trap underpins fresh recovery
The dollar regained traction after four-day fall stalled on attempts to clear key supports at 114.36/31 (55DMA / Fibo 61.8% of 113.47/115.68).
Fresh strength signals formation of a bear trap, which underpins recovery, but requires…
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Gold rises above $1800 on weaker dollar but fresh bulls need more evidence to signal reversal
Spot gold regained traction after last week’s sharp post-Fed fall and bounced above key $1800 level.
Recovery from new 1 ½ month low ($1780) extends into second day, driven by weaker dollar, as traders collected profits after euphoria on…
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Bulls take a breather ahead of OPEC+ meeting, crude inventories
WTI oil is consolidating under new seven-year high ($88.81), posted after six consecutive weeks of gains, as overbought daily studies and expectations of a rise in US crude inventories prompted some profit-taking.
Overall picture…
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Sterling regains traction but awaits more signals from the outcome of BoE policy meeting
Cable stands at the front foot for the second day, correcting a 2% drop of past two weeks. The bounce was signaled by oversold conditions and sparked by fresh risk demand, with 23.6% of 1.3748/1.3357 bear-leg being reversed so far.…
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