US labor sector growth regained momentum in October as impact from summer Covid wave subsides
US non-farm payrolls rose by 531,000 in October, from upwardly revised September’s figure from 194,000 to 312,000 and strongly beating expectations for 450,000 increase, signaling that US job growth is picking up as summer wave of…
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Cable continues to travel south after BoE disappointed expectations for rate hike
GBPUSD
Cable remains firmly in red and extends weakness below 1.3500 mark, following a massive fall on Thursday (down 1.35%, the biggest one-day drop since 18 Mar 2020), sparked by BoE disappointment.
The Bank of England kept rates…
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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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