Cable loses traction as US rate talks / rising virus cases offset positive post-NFP tone
Cable is standing at the back foot at the start of the week, following multiple failure to sustain break above 1.42 barrier and dollar regained traction on comments from Fed Treasury Secretary Yellen over the weekend, after it was deflated…
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Extended sideways mode after US labor data failed to spark stronger action
The Euro ticked lower in early Monday following Friday’s jump after a second consecutive month of weaker than expected US NFP data failed to inspire stronger dollar rally on fading expectations that accelerating US economic recovery would…
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Aussie is consolidating after heavy losses, eyes US jobs data for fresh signals
The Australian dollar is consolidating above new seven-week low at 0.7645, posted after 1.32% drop on Thursday, driven by upbeat US data that inflated the US currency.
Fresh bears (Thursday’s fall market the biggest one-day-loss since May…
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Euro remains in red ahead of key US NFP data
The Euro stands at the back foot in early Friday’s trading following Thursday’s 0.70% drop (the biggest one-day fall since Apr 30) as upbeat us private sector jobs data, further drop in jobless claims and strong PMI figures that point to…
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Upbeat figures from the US Labor and Services sectors add to positive signals of the US economic…
The US weekly jobless claims fell further and hit levels below 400,000 for the first time since mid-March 2020, when the first wave of pandemic prompted closures of all non-essential businesses.
The number of new claims for unemployment…
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Extended sideways mode eyes US jobs data for fresh direction signal
Quiet trading within 25-pips range suggests traders are on hold and awaiting stronger signals, with focus on today’s UK PMI’s (services and composite) US ADP private sector labor report and the most significant US non-farm payrolls on…
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Turkish lira hits new record low on growing fears of further inflation rise
The Turkish lira hit new record low against dollar on Wednesday (8.7536) as Turkey’s President Erdogan continues to push the central bank to lower interest rates that sparked fresh sales of lira as investors fear that inflation may surpass…
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Dollar regains traction and looks for retest of 110 barrier
The dollar edged higher on Wednesday following a triple downside rejection at daily Tenkan-sen (109.37) that limits negative impact from last Friday’s bull-trap above 110 mark.
The dollar firmed on rising optimism that US jobs data will…
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Euro eases after weak German data, risks deeper pullback on strong US labor figures
The Euro dips further on Wednesday following strong upside rejection on Tuesday that left bearish daily candle with long upper shadow.
Fresh weakness was helped by significant drop in German retail sales (Apr -5.5% vs -2% f/c), while…
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Oil surges to 31-month high on hopes for strong rise in demand
Oil prices surged on Tuesday, inflated by expectations for growing fuel demand during the summer driving season in the US, continuation of slow increase in supply by OPEC+ group and strong Chinese factory data that support hopes for further…
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