Euro slips on fresh dollar’s strength and risks violation of psychological 1.20 level, daily…
The Euro lost ground and fell in early Tuesday’s trading as dollar regained traction in holiday-thinned Asian session.
Traders focus on key US economic data this week for more hints about US monetary policy as accelerating economy may set…
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Renewed optimism over global demand recovery lifts oil price towards multi-week highs
WTI oil rose on Monday, retracing the largest part of Friday’s fall and shifting near-term focus higher again, after bulls were impacted by rising demand fears over surge in India’s coronavirus cases and higher oil supply.
Fresh optimism…
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The dollar eases after recovery ran out of steam; key economic events in focus this week
The dollar made a soft start of the week and puled back from one-week high, posted after last Friday’s 0.76% advance.
Profit-taking and lowered volumes due to holidays in China, Japan and Britain, pushed the greenback lower on Monday.…
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Cable regained traction after Friday’s nearly 1% fall; BoE eyed for fresh signals
Cable bounces from two-week low (1.3800) posted after last Friday’s strong bearish acceleration that resulted in daily drop of daily drop of 0.94% (the biggest one-day loss in 2021).
Fresh strength in holiday-thinned market is partially…
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Turkish inflation hits two-year high above 17% in April
Turkish inflation rose to its highest level in nearly two years in April, driven by a weakening lira and high prices of imported commodities.
Annual consumer prices rose to 17.14% in April from 16.19% in March, slightly missing the…
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German retail sales rose sharply as lockdown measures ease, the activity in manufacturing sector…
German retail sales rose 11% in March compared to the same period last year, following 6.6% drop in February and strongly overshot forecast for 0.3% decline.
The biggest increase since the start of coronavirus pandemic comes after…
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Bears are taking a breather above key 1.20 support
Upbeat German retail sales data helped the Euro to regain traction in early Monday, after 0.83% drop on Friday (the second biggest one-day loss in 2021) weakened the structure on daily chart by forming reversal pattern.
Bull-trap above…
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Sterling slips as BoE’s is unlikely to signal any change in the policy on the next…
The cross rose on Friday as pound was sold against its major counterparts on fading risk mode and traders awaiting BoE’s policy meeting next week.
The British central bank is unlikely to sign is unlikely to signal any tapering of its…
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Thursday’s shooting star and stronger dollar weigh on sterling
Cable accelerated lower in early Friday, driven by fading risk appetite and stronger dollar.
Five-day rally 1.3823 (Apr 22 trough) showed signs of stall and Thursday’s action formed a shooting star candle, while today’s weakness added to…
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Euro eases on weak German data, profit-taking
The Euro dips below 1.21 mark in European trading on Friday, pressured by greater than expected German economy’s contraction in Q1, and profit-taking ahead of May holidays in China and Japan, which are expected to reduce the activity and…
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