The ECB is likely to keep emergency purchases at steady pace and shift focus to September’s policy…
The European Central Bank is likely to keep its policy unchanged on today’s meeting and maintain a generous flow of stimulus, as the eurozone economy which is emerging from a double-dip recession, caused by coronavirus pandemic, still…
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No breakthrough in UK/EU talks over Northern Ireland deflates pound
Cable fell in early US trading on Wednesday, deflated by failure of UK/EU talks about post-Brexit talks with Northern Ireland.
Short-lived rally earlier today, driven by hawkish comments by BoE’s chief economist, stalled under 1.4200 and…
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US inflation data and ECB meeting would provide more clues about monetary policies and metal’s…
Spot gold remains in red for the second day as dollar maintains firm tone, although the downside remains limited as markets await ECB policy meeting and US inflation report to get more information about possible steer in monetary policies…
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ECB policy meeting and US CPI data eyed for fresh direction signals
The Australian dollar remains within a narrow range for the third straight day after last week’s sharp fall was quickly reversed, keeping the price at familiar levels.
Positive signals from lower US yields was offset by dovish stance from…
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Sideways mode on mixed signals extends but near-term bias remains negative
The cross edged lower in European trading on Wednesday as pound was elevated by hawkish comments from BoE chief economist Haldane but remains within the range that extends into fourth straight day.
Last Friday’s long-tailed Doji candle and…
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WTI oil rises above $70 on strong demand and falling crude inventories
WTI oil price rose above $70 per barrel for the first time since mid-October 2018, lifted by strong demand in western economies and fading prospects for return of Iranian supplies after top US diplomat said that sanctions against Tehran…
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Dollar finds ground after post-NFP fall; US inflation data in focus
The dollar regained traction on Tuesday after strong fall in past two days, sparked by softer than expected US jobs data, found footstep at 109.20 zone (Fibo 38.2% of 107.47/110.33/ converged 30/55DMA’s).
The pullback from new two-month…
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Eurozone economy contracted below expectations in first quarter
The euro zone gross domestic product contracted 1.3% year-on-year in the first quarter of the year, compared to 1.8% drop in the last quarter of 2020, when the bloc’s economy was in the second technical recession since the start of…
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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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