Bank of England kept rates on hold in November, disappointing those betting for the first…
The Bank of England kept interest rates unchanged in its November policy meeting, disappointing those betting that it would have been the first of the world’s major central banks to start hiking rates after a period of ultra-low rates…
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Eurozone business growth slows in October
The business activity in the Eurozone slowed in October, as input prices rose at the fastest pace in more than twenty years, lifted by persisting supply bottlenecks, related to the latest wave of coronavirus infections.
EU Composite…
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US private sector hiring rose above expectations in October
Payrolls in the US private sector rose by 571,000 in October, from downwardly revised September’s figure at 523,000 and strongly beat forecasts for increase by 400,000 jobs.
Solid figures from ADP National Employment Report signal that…
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Dollar in a quiet mode but steady, ahead of Fed
The dollar remains steady against yen on Wednesday, although trading within a narrow range, partially due to closure of Tokyo and partially due to quiet mode ahead of Fed’s verdict later today.
The US central bank is widely expected to…
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Aussie is consolidating after being hit by dovish RBA; all eyes now on Fed
The Australian dollar is consolidating in early Wednesday following 1.2% drop previous day after dovish stance from the Reserve Bank of Australia cooled expectations for earlier than expected rate hike.
Tuesday’s fall marks the…
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Limited recovery likely to precede fresh push lower; Fed in focus
Early Tuesday’s action shows attempts to extend Monday’s bounce after a massive fall on Friday, which weakened near-term structure.
Bear-trap that was left after repeated failure to sustain break above pivotal Fibo barrier at 1.1671 (38.2%…
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Close below key Fibo to confirm bearish signal and risk deeper fall
British pound remains firmly in red on Monday and dips to the lowest in nearly three weeks, in extension of Friday’s 0.8% fall (the biggest one-day drop since Sep 29).
Negative weekly close formed reversal pattern on weekly chart,…
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Bulls tighten grip and look for retest of 2021 high
The USDJPY maintains firm tone and extends last Friday’s jump, looking for retest of 2021 high at 114.69, posted on Oct 20.
Repeated downside rejections at 113.40 zone (Fibo 23.6% of 109.11/114.69 rally) left a higher base after…
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Gold drops after repeated failure at $1800 barrier
Spot gold dips to the lowest in over one week on Friday, pressured by higher dollar and rise in US bond yields.
The price accelerated lower and down 0.2% in the US session, on track for the biggest daily loss since Oct 15.
The yellow…
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Eurozone economy grew faster than expected in Q3; inflation soared to 4.1%, twice the ECB’s target
The eurozone economic growth remained strong in the third quarter as the economy emerged from summer crisis sparked by new wave of coronavirus infections which resulted in lockdowns.
The economy grew by 2.2% in the third quarter, at the…
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