US consumer prices rose in April by the most since 2009
The report from the US Bureau of Labor Statistics showed the inflation rose 0.8% m/m in April from 0.6% in March and well above 0.2% consensus, while annualized figure jumped to 4.2% in April from 2.6% in March and heavily beat forecasted…
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Extended pullback pressures the top of thick daily cloud
The Australian dollar dipped below 0.7800 handle on Wednesday after weaker than expected China bank loans data, with increased pressure coming from falling Asian equities.
Fresh weakness signals an extension of pullback from 0.7890 (May 10…
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UK economy grew more than expected in March
Britain's economy grew more than expected in March, signaling that economic recovery from strong contraction in 2020 caused by coronavirus pandemic, is accelerating and on course for projected sharp bounce-back this year.
Britain’s gross…
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Mixed signals point to extended sideways mode, bullish bias above 1.41
Cable ticked higher after better than expected UK March GDP (2.1% vs 1.3% f/c) but remains within Tuesday’s range, signaling that strong rally of past three days is paused.
Signals are mixed as positive momentum on daily chart is rising…
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Gold remains elevated by weak dollar; US inflation data eyed for fresh signals
Spot gold is consolidating under three-month high ($1845) taking a breather after last week’s 3.5% advance (the biggest one-week rally since late July 2020).
Weaker dollar after downbeat US jobs data keeps the metal’s price underpinned.…
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Bullish bias intact above 1.21 support but risk of stall exists
The Euro regained traction after brief pullback on Monday and rose new marginally higher multi-week high on Tuesday, inflated by upbeat German data.
Monday’s close in red with minor negative reaction seen from bearish signal from red daily…
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German investor morale rises to the highest in over twenty years in May
German investor sentiment surged in May, pointing to significant improvement in the Europe’s largest economy, as the third wave of coronavirus pandemic eases.
The survey of investors’ economic sentiment from ZEW economic research…
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Bulls hold above 1.41, on course for 1.42+ extension
Cable is maintaining positive tone and consolidating under new 2 ½ month high (1.4158) following Monday’s 0.80% advance, sparked by talks about Scottish independence referendum story and weaker dollar after disappointing US jobs data.…
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Bears are consolidating above 90 support zone before resuming towards 2021 low
Bears dented psychological 90 support on Monday but faced headwinds here that resulted in bullish close after strong bearish acceleration on Thu/Fri.
Disappointing US jobs data further eroded hopes for potential Fed’s policy review earlier…
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Fresh demand concerns deflate oil prices
WTI oil fell over $1 in early US trading on Monday, offsetting positive signal from today’s gap-higher opening, caused by a cyberattack that forced the shutdown of major fuel pipelines in the United States.
Fresh demand concerns over…
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