Gold surges to new all-time high above $2600
Gold broke through psychological $2600 barrier and hit new all-time high on Friday morning, on track to register clear break higher after the resistance was cracked in post-Fed jump but resisted attack.
The yellow metal shined after…
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The Bank of England stays on hold in September policy meeting
The Bank of England kept interest rates unchanged at 5.0%, with an almost unanimous 8-1 vote to hold rates in the September policy meeting, after the central bank delivered its first rate cut since 2020 last month.
The UK policymakers…
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Dollar index lacks direction signals in post-Fed trading
Wide post-Fed swings signal that the dollar is still looking for direction, as long-tailed Wednesday’s candle and long upper shadow forming today, support scenario of extended directionless mode.
Short-lived spike below psychological 100…
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Fed’s decision for 50 basis points rate cut signals that inflation is no longer the central…
The US Federal Reserve’s decision to reduce interest rates by 50 basis points in its September policy meeting reflects its growing confidence in the economic recovery and the continued easing of inflation.
Fed Chair Jerome Powell…
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Euro zone inflation eases in August but is still above the target
Euro zone inflation rose by 2.2% in August, hitting the lowest level since August 2021.
Last month’s data were in line with expectations and down from 2.6% in July, suggesting that inflation might be on track to return to a downward…
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Dollar index – FOMC rate decision to define fresh direction
The dollar index remains in a sideways mode for the third consecutive day and moving within a narrow range, just above new multi-month low.
Near-term price action slowed ahead of key event – Fed interest rate decision – which is expected…
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UK inflation remains unchanged in August but elevated services inflation warns
Inflation in Britain was unchanged at 2.2% y/y in August and in line with expectations, while monthly inflation increased by 0.3%, matching forecasts, after 0.2% drop in July.
Core inflation, which excludes volatile energy, food and…
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US retail Sales unexpectedly rose last month
In August, US retail sales showed resilience with a 0.1% increase, following an upwardly revised 1.1% surge in July. This unexpected rise suggests that the economy remained solid heading into the third quarter, despite expectations for a…
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German investor morale tumbles in September – ZEW
The recent drop in German investor sentiment, as reported by the ZEW economic research institute, signals deepening pessimism about the country's economic outlook. The economic sentiment index plummeted to 3.6 in September from 19.2 in…
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Gold takes a breather under new record high ahead of Fed rate decision
Gold price edged lower in European trading on Tuesday as bulls take a breather after hitting new record high on bullish acceleration in past three days.
Overbought daily studies contribute to a partial profit taking, but dips are likely…
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