UK inflation eases in September but unlikely to affect expectations for BoE rate hike next month
British consumer prices unexpectedly slowed in September, rising 3.1% on annual basis, compared to 3.2% in August, while economists expected the figure to remain unchanged at 3.2%.
A brief decline was seen as a just temporary relief for…
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WTI rises for the seventh straight week on energy crunch; fears of supply shortage
The WTI oil price extends advance into seventh straight week, hitting new highest since October 2014 on Monday, extension of last week’s 3.6% advance.
Strong recovery in global oil demand on easing Covid restrictions and increased…
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Bulls are taking a breather but remain firmly in play on expectations of BoE November rate hike
Cable is consolidating under new one-month high (1.3773) in early Monday, following last week’s 0.55% advance and weekly close above double-Fibo barriers at 1.3721 (61.8% of 1.3912/1.3411) and 1.3731 (61.8% of 1.4249/1.3411) that generated…
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US retail sales unexpectedly rose in September
US retail sales rose 0.7% in September, surprising the expectations for 0.2% drop, with higher prices being the main contributor to September’s unexpected rise.
August figure was revised higher from original release at 0.7% to 0.9%, while…
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Close above former high of Nov 2018 to signal further advance
The USDJPY rose further on Friday, signaling bullish continuation after larger bulls took a breather in past three-day consolidation.
Fresh bullish acceleration broke above former high at 114.20 (Nov 2018) and hit new highest in nearly…
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GBPJPY rises to the highest in over five years
The GBPJPY was among the top performers in early Friday’s trading, as cross accelerated higher and hit the highest level since June 2016.
Fresh risk appetite pushed the dollar further down and lifted sterling against its major counterparts…
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Post-FOMC acceleration signals that uptrend could extend further
The Australian dollar holds in steep ascend for the second consecutive week and accelerated to five-week high on Thursday after FOMC minutes deflated the US dollar.
Bulls broke above 0.7405/14 (Fibo 76.4% of 0.7478/0.7170 / falling 100DMA)…
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Recovery lacks strength to clear pivotal barriers
The Euro holds for the second day in a corrective mode off new nearly 15-month low at 1.1524, where weekly cloud base contained larger downtrend, helped by weaker dollar.
Wednesday’s long bullish candle (the pair was up 0.53% for the day)…
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Weaker dollar and rising inflation lift gold
Spot gold rose sharply on Wednesday (up 1.82% for the day, the second biggest daily advance in 2021) lifted by weaker dollar on further rise in US inflation and unclear situation regarding the start of tapering stimulus, which markets…
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Extended pullback from one-year high warns of deeper correction
The dollar extends lower on Thursday, following Wednesday’s 0.52% drop, with Wednesday’s close below 10DMA (94.14) and today’s drop through Fibo 23.6% of 91.92/94.55 upleg, generating initial reversal signal.
After minor negative impact…
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