Further decrease in weekly jobless claims signals acceleration in US job growth
The US jobless claims fell further in the week ending May 15, holding below 500,000 for the second consecutive week and adding to signals that job growth picked up this month.
The number of Americans filling for state unemployment…
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Dollar remains at the back foot after Fed minutes but extended consolidation cannot be ruled out
The dollar came under pressure on Thursday following short rebound after Fed minutes on Wednesday signaled that there was more than expected talk of tapering bond purchases.
The action stays below broken important Fibo support at 90.16…
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Oil prices extend weakness on prospects of lifting sanctions on Iran; supply concerns
WTI oil remains in red for the third straight day, weighed by renewed supply concerns over fresh rise in new virus cases in Asia, a progress in a talks towards a deal to lift sanctions on Iran, that would boost global supply and rise in…
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Bulls look for a weekly close above 1.2197 Fibo barrier to signal continuation
Bulls regained traction on Thursday and fade downside risk that emerged after post-Fed nearly 0.5% drop on Wednesday.
Fresh rise in German producer prices (the biggest increase in nearly a decade) added to Euro’s positive sentiment,…
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Post-labor data advance faces strong obstacles
The Australian dollar rose in early Thursday’s trading after April’s labor report showed Australia’s jobless rate fell for a sixth consecutive month and hit the lowest since April 2020 at 5.5%, but employment declined by 30,600 against…
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Gold is trading under new multi-month high ahead of Fed minutes
Spot gold was up and down within almost $40 range on Wednesday but keeps overall bullish bias, ahead of the minutes of Fed’s Apr 27-28 policy meeting to gauge the central bank’s stance on interest rates.
The yellow metal, which is used as…
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The dollar holds firmly in red ahead of widely expected dovish Fed minutes
The dollar jumped on Wednesday, but gains proved to be short-lived and seen as positioning ahead of fresh push lower as the greenback remains firmly in red vs Japanese yen for the fifth straight day.
The sentiment soured on growing fears…
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Cable loses traction as European stocks extend weakness and offset positive impact from UK CPI data
Cable is losing traction in European trading on Wednesday, failing to capitalize from upbeat April’s UK inflation figures.
Pound faced strong headwinds at 1.4200 zone that was shown by long upper shadow of Tuesday’s daily candle.
Drop of…
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Break of key Fibo barrier adds to strong bullish stance
Bulls are fully in control and extend advance on Wednesday to test levels last traded in early January.
Tuesday’s 0.63% rally closed above important Fibo barrier at 1.2197 (76.4% of 1.2349/1.1704) and generated fresh bullish signal, with…
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Dollar falls to the lowest in nearly three months on fading Fed rate hike hopes / weak US data
The dollar holds in red against the basket of major currencies for the fourth straight day, pressured by fading hopes of Fed changing monetary policy soon and accelerated lower on Tuesday after poor US housing data further soured the…
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