Larger bulls likely to resume after consolidation
The USDJPY is standing at the back foot in European trading on Thursday, following a mild reaction on the outcome of BoJ policy meeting, earlier today.
The Bank of Japan kept ultra-easy policy as expected, with short-term interest rate…
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Euro would accelerate lower on expected ECB’s dovish stance
The Euro ticks higher in early European trading on Thursday but remains in in directionless mode for the third consecutive day, as markets await today’s ECB policy meeting and US Q3 GDP data for fresh direction signals.
The central bank is…
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Rising inflation supports the idea of early rate hike and inflates Aussie
The Australian dollar remains in a steady ascend for the third straight day, approaching new nearly four-month high (0.7546) posted on Oct 21, on renewed attack at key barriers at 0.7556/58 (50% of 0.8007/0.7106 / 200DMA).
Bulls…
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Optimistic outlook for economic growth lifts pound but the downside remains at risk
British pound regained traction and bounced from the lowest in over one week (1.3710), hit earlier today.
Optimistic tones from UK FinMin Sunak’s budget speech lifted sterling. Sunak announced stronger economic growth as the country…
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Gold eases after failing to hold gains above $1800, weighed by expectations for start of reducing…
Spot Gold eases after repeated failure to sustain gains above psychological $1800 barrier, with rising expectations that the US Federal Reserve could finally announce the start of reducing stimulus in its Nov 3 policy meeting and market…
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Turkish lira bounces from new all-time low as cabinet meets about the decision to expel 10 Western…
The USDTRY opened with a gap-higher on Monday and rose to new record high (9.8314) following the new political storm after President Erdogan ordered the expulsion of ambassadors from the US and nine Western countries over the weekend.…
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Aussie rises on higher metal’s prices
The Australian dollar bounces on Monday after last week’s two-day pullback from new multi-week high (0.7546), inflated by fresh rise in metal’s prices.
Bulls regained traction after shallow dip but face headwinds from good offers at 0.7500…
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Euro loses traction after weaker than expected German Ifo data
The Euro fell to the session low in European trading on Monday, down over 40 pips, deflated by weaker than expected German Ifo data, which dropped to the lowest since April in October.
Fresh weakness hit the floor of multi-day congestion…
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Gold surges above $1800 on weaker dollar and rising inflation expectations
Spot gold surged to the highest levels in 1 ½ month on Friday, lifted by weaker dollar and a pick-up in inflation expectations, while the rally accelerated after taking out barriers at $1791/93 (Fibo 61.8% of $1834/$1721 / 200DMA) and…
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Bulls are taking a breather under new 7-year high
The WTI oil is consolidating under new seven-year high, as bulls slowed on cooling demand over easing gas and coal prices and a forecast for mild winter in the US but is on track for the seventh consecutive bullish weekly close.
Dips off…
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