Sterling surged vs Euro on Scottish referendum news
The cross was sharply lower on Monday, losing 0.85% since Asian opening until early hours of American session.
Sterling accelerated further, after being initially lifted by weaker dollar on downbeat US jobs data, with the latest signals…
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Aussie rises to 10-week high as dollar sank after NFP miss
The Australian dollar extends advance in the fourth straight day on Monday and rose to the highest since Feb 26.
Extension of Friday’s post-NFP acceleration was boosted by weaker dollar over fading hopes that the US central bank would…
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Bulls are taking a breather after the biggest one-day rally in 2021 on Friday
The Euro eases from new 2 ½ month high (1.2176) as traders collect some profits from massive rally on Thu/Fri, with Friday’s 0.87% advance marking the biggest one-day rally in 2021.
Weekly close above important Fibo barrier at 1.2102…
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Cable was the top winner in early Monday’s trading
Cable extends Friday’s strong rally (up 0.73% for the day) and establishing above psychological 1.40 level which capped the action since late February.
Early Monday’s advance hit 10-week high and focusing pivotal barrier at 1.4103 (Fibo…
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Huge US payrolls miss deflates dollar
The dollar fell to ten-week low after huge US payrolls miss on Friday sparked fresh risk aversion as job growth well below forecasts boosted expectations that Fed would keep its ultra-low rates for a longer period.
The greenback was down…
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US nonfarm payrolls fall well below expectations in April
US nonfarm payrolls shocked in April by falling far below expectations, increasing by only 266,000 last month, compared to downward-revised 770K rise in March, while economists expected payrolls to advance by 978,000.
Much lower than…
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Upbeat German data lift Euro ahead of US jobs report
The Euro rose further in European trading on Friday, extending Thursday’s 0.52% rally which left the bear-trap at 1.20 support and shifted near-term focus to the upside.
Upbeat German data on Friday (manufacturing orders surged 29.5% in…
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US nonfarm payrolls expected to increase nearly a million in April
The US labor sector likely added nearly a million new jobs in April, according to a forecast for increase in non-farm payrolls by 978,000, from 916,000 in March.
Reopening of the economy amid massive financial support from the government…
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China’s strong trade growth extends in April
China’s exports accelerated in April and import growth hit a decade high, signaling that the impressive trade performance of the world’s second largest economy continues, boosted by increased demands for China’s goods on stalled factory…
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Gold rises to new multi-week high
Spot gold surged to a ten-week high on Thursday, as the dollar remains in defense ahead of Friday’s labor data, which could provide more details about Fed’s strategy on monetary support.
The yellow metal was also supported by comments of…
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