Eurozone manufacturing sector’s growth extended in July despite supply bottleneck
The Eurozone’s manufacturing sector activity extended strong growth in July, driven by rising demand on reopening of the economy, despite persisting supply shortages that continue to boost input cost.
The EU Manufacturing Purchasing…
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Bulls regained traction but lack momentum for stronger recovery
The USDJPY remains constructive in early Monday after last week’s fall stalled on approach to daily cloud base and Friday’s bullish close, but recovery is still fragile and needs more evidence to confirm reversal.
Last week’s large…
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Bulls face headwinds at 1.40 zone but remain intact for now as daily cloud twist attracts
GBPUSD
Cable regained traction after Friday’s drop and close in red, as bulls faced strong headwinds on approach to key 1.40 resistance zone.
Fresh recovery in early Monday’s trading keeps in play hopes for renewed attempt at 1.40…
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Bulls lose traction but still on course for 1% weekly advance
The Euro eases from one-month high on Friday, as bulls run out of steam following nearly 1% advance this week.
US consumer spending rose above expectations in June and inflation accelerated further above Fed’s 2% target that boosted the…
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Cable is on track for strong weekly gains, bulls pressure key 1.40 resistance zone
Cable remains firm and holding near five-week high on Friday, pressuring key barriers at 1.3990/1.4000 (Fibo 61.8% of 1.4249/1.3571 / twisting daily cloud / psychological).
The pair advanced strongly this week and is on track for the…
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US economy grew at solid 6.5% rate in Q2 and returns to pre-pandemic level
The US economy expanded at a 6.5% rate in the second quarter, showing slight improvement from the first quarter’s 6.3% growth, but disappointed expectations for 8.5% rise.
Solid figures, despite the pace was below expectations, as…
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Strong German data and Fed inflated Euro but gains are unlikely to last longer
The Euro extends recovery on Thursday, as better than expected German labor and inflation data added to positive near-term sentiment.
The single currency was also supported by weaker dollar, driven by dovish Fed and month-end selling.…
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Dovish Fed further soured dollar’s near-term sentiment
The dollar index extended near-term weakness zone after dovish Fed further soured the sentiment.
Although the US central bank pointed to strong economic recovery, changed rhetoric about the health condition, which is not any more the key…
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Fresh risk aversion pushes the Aussie dollar lower
The Australian dollar accelerates lower in early European session on Tuesday, driven by risk aversion on further drop in Chinese stocks.
The situation with Covid-19 is mixed, as Victoria state is about to ease measures but New South Wales…
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Expectations for tight supply supports oil prices but rise in new virus cases clouds the outlook
WTI oil remains steady on Monday, following strong rebound in past three days (up 8.5%), but the action faces headwinds from strong resistances at $72.39/50 (Fibo 61.8% of $76.95/$65.02 pullback / converged 20/30DMA’s).
Signals that…
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