US weekly jobless claims continue to fall and point to steady labor market recovery
The US weekly jobless claims fell to the lowest in 19 months in the week ending October 16, adding to signals that the labor market is continuing to recover from crisis induced by coronavirus pandemic.
The number of Americans filling new…
Read More...
Read More...
Turkish lira fell to new record low after CBRT’s shock 2% rate cut
The USDTRY rose over 2% in immediate reaction to CBRT’s surprise decision to cut rates by 200 basis points from 18% to 16%.
Most of economists were betting for 0.5% cut this time after the central bank cut rates by 1% last month.
The…
Read More...
Read More...
Bulls are taking a breather but supported by weekly failure swing
The Australian dollar eases on Thursday, following strong bullish acceleration in past two days, as bulls started to lose traction on approach to key barriers at 0.7556/63 (50% retracement of 0.8007/0.7106 downtrend / 200DMA).
Bulls remain…
Read More...
Read More...
Bulls are holding in extended consolidation under pivotal Fibo barrier
The EURUSD edges lower in early Thursday’s trading, holding in extended consolidation under pivotal Fibo barrier at 1.1671 (38.2% of 1.1909/1.1534 bear-leg) which provided significant headwinds to recovery leg from 1.1524 (Oct 12/13 lows).…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...