Aussie jumps on fresh risk demand as key 0.70 support zone continue to provide strong headwinds to…
Aussie rebounds on Monday, lifted by global equity gains, recovering after last week’s nearly 3% fall (the biggest weekly loss since mid-August).
Bears retested very strong 0.70 support zone and managed to register weekly close…
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Limited correction likely to precede fresh weakness
Bears are consolidating above new seven-month low (1.1145, posted on last week’s 1.74% fall) on Monday, with limited bounce before larger bears regain full control, seen as likely scenario.
Oversold stochastic on daily chart…
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The dollar pulls back from new multi-month high on overbought conditions, larger bulls remain intact
The dollar index edges lower in early Monday’s trading, following last week’s 1.6% advance (the biggest weekly rally since early June 2021) that resulted in hitting the highest in 18 months.
The greenback was lifted by growing…
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Retail Sales in Great Britain Falls – Affected by Omicron Spreading
Spending by consumers in Great Britain dropped by almost 4% in December as the arrival of the Omicron variant kept people away from the shops, official figures show.
In a key month for retailers, sales volumes dropped by 3.7% in an…
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US Banks Says Spending Patterns Are In Good Shape
According to Reuters: Top Directors at the biggest U.S. banks have been auspicious about the nation's profitable outlook this earnings season, pointing to healthy consumers who have cash in the bank and are again eager to spend.
Consumer…
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WTI price continues to rise on growing supply concerns
WTI oil extends gains on Wednesday and hit new highest levels since October 2014, driven by supply concerns, boosted by fresh supply disruptions caused by a fire on a pipeline between Iraq and Turkey, which briefly stopped flows, adding to…
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Sterling bounces on rising expectations for another rate hike as inflation hits the highest in 30…
Cable regained traction and bounced on Wednesday, signaling an end of three-day pullback, sparked by a double rejection at 200DMA (1.3733) last week.
Pound was boosted by UK CPI data which showed that inflation in Britain continued to rise…
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UK inflation rises to highest in nearly three decades in December
Inflation in Britain rose above expectations in December and hit its highest since March 1992, increasing pressure on the Bank of England to raise interest rates again in its next policy meeting in early February.
Consumer prices jumped…
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US retail sales drop significantly in December as Omicron cases surge and supply issues persist
The US retail sales unexpectedly dropped by 1.9% in December after 0.2% increase previous month and disappointed expectations for 0.1% drop.
Sharp fall was mainly caused by surge in coronavirus Omicron variant infections and big shortages…
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Britain’s economy returns to pre-pandemic size following bigger than expected growth in November
Britain's economy grew more than expected in November and eventually reached the size bigger than in pre-pandemic period in early 2020, before the country went into its first lockdown.
The world's fifth-biggest economy expanded by 0.9%…
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