US private payrolls rise in April, signaling that recovery in US labor sector is accelerating
US private sector employment increased in April by the most in seven months, boosted by strong rise in demand that accelerated production, as strong economic recovery, powered by massive government’s fiscal support and rising vaccinations,…
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Rising daily cloud underpins the action for final break of 109.63 pivot
The dollar stands at the front foot on Wednesday and eyes cracked pivot at 109.63 (Fibo 61.8% of 110.96/107.47), where bull-trap was formed on Monday that still weigh on the action.
On the other side, rising and thickening daily cloud…
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Bears crack key support zone and risk deeper fall
Bears probe through psychological 1.20 support in early European trading on Wednesday and risk deeper fall.
Bull-trap above 1.2102 Fibo barrier and last Friday’s massive bearish candle weigh on Euro as bears pressure next key supports at…
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Negative fundamentals keep Turkish lira on course for further fall
The Turkish lira maintains overall weak tone and holding within multi-week consolidation, not far from new all-time low, posted in November last year.
Rising inflation and central bank’s inability to adopt conventional measures to tackle…
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Britain’s manufacturing activity expanded at fastest rate in nearly 27 years in April
Britain’s Purchasing Managers’ Index for manufacturing activity jumped to 60.9 in April from 58.9 in March, slightly beating 60.7 expectation and hitting the highest level since July 1994.
The data show that manufacturing activity…
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Australia’s central bank keeps its ultra-low rates, upgrades forecasts for economic growth and…
The Reserve Bank of Australia left its key interest rates at all-time low 0.1% for a fifth straight policy meeting and signaled that may keep its ultra-loose policy for extended period even as the economy recovers from pandemic crisis.…
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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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