The Reserve Bank of Australia trims bond-buying but extends the program to February
The Reserve Bank of Australia kept interest rates at a record low in its September policy meeting as widely expected and also extended asset purchases to at least mid-February 2022 but surprised by reducing its bond-buying by A$1 billion to…
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Aussie is pausing ahead of key event – RBA policy meeting on Tuesday
Bulls are taking a breather on Monday after strong gains in past two weeks, as volumes thinned due to US holiday and traders awaiting early Tuesday’s RBA policy meeting for more information about tapering decision.
The action is supported…
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Euro eases from one-month high, but more evidence is needed to signal reversal
The Euro starts the week in negative mode and signaling correction after strong rally in past two weeks, as the dollar regained traction following a big US non-farm payrolls miss that fades Fed tapering expectations.
Last Friday’s Doji…
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Dollar remains firmly in red despite weak US jobs report
The dollar kept bearish tone despite much weaker than expected US non-farm payrolls report that was expected to depress the risk mode and lift safe-haven greenback.
Investors remained cautiously optimistic and assuming that weak labor data…
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US non-farm payrolls fell sharply in August
The US Labor Department’s closely watched nonfarm payrolls report strongly disappointed in August as only 235,000 jobs were created last month, compared to upwardly revised July’s figure to 1.053 million and average forecast for increase of…
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Euro zone business activity remained strong in August despite surge in Delta variant and supply…
Euro zone composite Purchasing Managers' Index, which tracks the activity in both, manufacturing and services sectors and is seen as a good guide to economic health, fell to 59.0 in August from 60.2 in July (15 year high) and slightly below…
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Bulls hold grip ahead of US jobs data
Cable is consolidating round pivotal Fibo barrier at 1.3837 in European trading on Friday, following Thursday’s 0.46% advance and awaiting US labor data for fresh signal.
Near-term structure firmed after Thursday’s lift above three-day…
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EURUSD may accelerate towards 1.20 barrier if US jobs data disappoint
The Euro keeps firm bullish tone and approaching strong barriers at 1.1900 zone (Fibo 38.2% of 1.2266/1.1664 at 1.1894 and July 30 peak at 1.1908).
Break here would confirm reversal and unmask key 1.20 resistance (psychological / 200DMA /…
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US weekly jobless claims continue to decrease, layoffs drop to the lowest in 24 years
US weekly jobless claims dropped by 14,000 to 340,000 for the week ended Aug 28, hitting the lowest level since mid-March 2020 when the epidemic hit the US and nonessential businesses week were shut in the lockdown., with last week’s figure…
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Stronger than expected drop in crude inventories inflated oil prices
The WTI regained traction and edged higher on Thursday after three-day drop was contained by converged 10/20DMA’s which formed bull-cross.
Oil prices dropped on Wednesday after the OPEC+ group agreed to keep its policy of gradually…
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