UK jobless rate falls and hiring rises in March as the country prepares for lifting restrictions
Britain’s unemployment fell and hiring rose in March despite the country was under a tight lockdown during this period, signaling that British companies were accelerating in preparations for lifting restrictions.
The unemployment rate…
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Cable rises to three-month high on recovery optimism, solid UK jobs data
Cable maintains firm tone and extends rally from bear-trap on 1.4049 Fibo support into third straight day.
Fresh bullish acceleration in early Tuesday was boosted by weaker dollar and better than expected UK labor data, as easing lockdown…
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Gold rises to the highest in over three months on worries over surging virus cases in Asia
Spot gold extended strong rally of last Thu/Fri (up 1.54%) on Monday and hit new highest level in more than three months ($1855), lifted by fresh safe -haven demand over worries on surging coronavirus cases in some Asian countries and…
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Bulls tighten grip and look for renewed attack at 1.2197 pivot
The Euro maintains bullish tone on Monday and hits one-week high, in extension of Friday’s 0.55% advance.
Bulls eye pivotal barriers at 1.2181/97 (May 11 upside rejection / Fibo 76.4% of 1.2349/1.1704) with close above the latter to signal…
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Bears lose steam after repeated failure at pivotal Fibo support
The Euro regained traction and jumped above 1.21 handle in early European trading on Friday, following repeated failure to close below pivotal Fibo support at 1.2068 (23.6% of 0.1704/1.2181 rally) that reduced risk of deeper pullback.…
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US jobless claims fall further but still hold well above the range that indicates healthy labor…
The US weekly jobless claims continue to fall and hit the lowest levels since pre-pandemic period in the week ending May 8.
Initial claims for state unemployment benefits fell to 473,000 from 507,000 previous week and beat 490,000…
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Fresh bears face headwinds at 1.40 support
Cable extended Wednesday’s 0.64% fall and fell ticks ahead of psychological 1.40 support on Thursday.
Fresh risk aversion on upbeat US inflation figures that fueled a fall in global equities, weighs heavily on risk sensitive pound.
Bids…
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Strong bullish bias above thick daily cloud
The dollar maintains firm tone vs yen on Thursday and consolidating above the top of thick daily cloud after 0.93% advance on Wednesday (the biggest one-day rally in 2021).
Strong bullish acceleration after upbeat US CPI data signaled…
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Firm break of 1.2068 Fibo support needed to signal deeper pullback
The Euro edges higher in early European trading on Thursday following 0.62% drop on Wednesday after strong US inflation data deflated risk mode.
Wednesday’s drop came after multiple upside rejections that left long upper shadows on daily…
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Bulls regained traction after inflation surprise but recovery is still fragile
The dollar stands tall in early Thursday’s trading after being lifted by surprisingly strong rise in US consumer prices.
The index is consolidating under new one-week high, following 0.65% advance on Wednesday that generated initial…
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