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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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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