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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Bears tighten grip but need close below 1.1300 zone for confirmation
The Euro extends a steep fall into second day, following Friday’s 0.7% drop that completed a Doji reversal pattern on a daily chart.
Bears emerged below the daily cloud base (1.1316) and cracked pivotal Fibo support at 1.1308 (50%…
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Oil price would easily rise above $100 if situations over Ukraine deteriorates
WTI oil price is holding near new highest since September 2014 in early European trading on Monday, following Friday’s 4.3% advance the biggest one-day rally since Aug 23).
Rising geopolitical tensions on possible military…
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Above expectations UK GDP lifts sterling but pivotal 1.3600 barrier caps the action
Cable edged higher on Friday, following better than expected UK GDP data which partially offset negative impact from further rise in US inflation that fueled expectations for possible more radical action from Fed.
Fresh advance continued…
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Different Fed-ECB policy outlook may weigh on Euro
The Euro stands at the back foot on Friday following a bumpy ride after US inflation data on Thursday, but the action ended in a long-legged Doji candle, signaling strong indecision.
Although the Friday’s action is in red, the downside…
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US inflation rose further in January
The US inflation rose further in January, fueling market expectations for a stronger action from the US Federal Reserve in their policy meeting next month.
The consumer price jumped 7.5% in January from 7.0% increase in December and beat…
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