UK inflation rises slightly above expectations in December
UK inflation rose 0.6% in December in annual terms compared to 0.3% increase in November and ticked above forecast for 0.5% rise.
Consumer prices were boosted by temporary relax of travel restrictions that pushed up air and sea fares,…
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UK inflation data could provide clearer near-term direction signal
Cable is standing at the front foot on Tuesday, following strong downside rejection previous day and inflated by fresh risk sentiment that weakened dollar.
Larger uptrend remains intact despite double failure at 1.3700 zone, as subsequent…
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Monday’s hammer and bear-trap point to reversal
The Euro rebounds on Tuesday, advancing nearly 0.5% since opening, lifted by revived risk sentiment in the market.
Upbeat German ZEW data added to hopes of faster recovery of Europe’s largest economy and further boosted the single…
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German investor sentiment rises for the third straight month in January
German investor sentiment rose above forecasts in January, as improved expectations for exports brightened the outlook for European Union’s largest economy.
The survey from ZEW economic research institute showed that economic sentiment…
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US must act big on next coronavirus relief package – Janet Yellen
Janet Yellen, former Federal Reserve chair and President Joe Biden’s nominee to run the Treasury Department, will tell Senate Finance Committee on Tuesday that the government must ‘act big’ with the next Covid-19 relief package, with…
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Signs of China’s economic recovery boost risk sentiment and lift stocks
Fresh risk appetite on signs of China’s economic recovery lifted Asian stocks on Tuesday, while European stock markets opened higher.
Investors expect that China’s economic strength would help underpin growth in the region after data on…
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Gold bounces on stimulus hopes but facing strong technical barriers
Spot gold bounced from new 1 ½ month low ($1803) posted in early hours of Monday’s trading as comments from US Treasury nominee Janet Yellen that the US does not seek weaker dollar, slowed greenback’s recovery.
Expectations of new fiscal…
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US dollar extends recovery on risk aversion, traders eye Biden’s FX policy
The US dollar extends recovery from Jan 6 low (the lowest since Apr 2018) and hit five-week high against the basket of major world currencies on Monday.
Fresh risk aversion across currency markets lifts the greenback, with comments from…
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Aussie falls to two-week low
The Australian dollar stays in red for the second consecutive day and falls to two-week low on Monday, weighed by fading risk sentiment and higher greenback on comments that the US does not seek weaker dollar.
Fresh extension lower is…
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Top formation risks deeper pullback
Cable extends lower in early Monday, following 0.75% drop on Friday, pressured by profit-taking after repeated failures at 1.3700 zone and comments from US Treasury nominee Yellen that US does not seek weaker dollar.
Fresh weakness broke…
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