Dollar continues to advance on cooling Fed rate cut bets, Trump election victory expectations
The dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday.
Possibility of election win by Republican candidate Donald Trump and…
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EURUSD holds near multi-week low ahead of ECB’s widely expected 0.25% rate cut
The euro fell to the lowest in 2 ½ months in early European trading on Thursday, holding firmly in red for the fourth straight day, a part of larger three-week downtrend.
Markets await the ECB’s policy decision, due later today, with…
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AUDUSD holds near one-month low ahead of Australian labor report release
AUDUSD came under increased pressure in past few sessions with fresh acceleration lower on Wednesday, pushing the price to one month low (0.6668).
Break through 100DMA (0.6693) and penetration of rising thick daily Ichimoku cloud…
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Gold – bulls hold grip for retest of new record high
Gold price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685.
The metal remains strongly…
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GBPUSD dips below 1.30 on weaker than expected UK CPI numbers
Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early Wednesday.
Sterling was down 0.8% in immediate reaction to economic data which showed that UK inflation fell more than…
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UK inflation falls below expectations in September adding to BoE rate cut bets
The latest inflation data from the UK, which shows a sharp drop in both headline and core inflation, is setting the stage for potential interest rate cuts by the Bank of England (BoE). Annual consumer price inflation fell to 1.7% in…
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German investor morale recovers above expectations in October – ZEW
The ZEW Economic Sentiment Index for Germany showed a notable improvement in October, rising to 13.1 points from 3.6 points in September, significantly surpassing expectations of 10.2 points.
This improvement in investor morale was driven…
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Oil prices fall further on demand concerns but geopolitics remain supportive
Oil price extends steep decline into the second consecutive day and hit two week low in early Tuesday, after the price fell nearly 4% on Monday.
Oil was deflated by weaker demand outlook and signals that Israel will not strike Iranian…
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EURUSD – increased downside pressure below daily cloud but bears may face headwinds from…
EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday.
After registering a daily close below…
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XAUUSD – bulls to remain in play above $2600
Gold price rose to the highest since Oct 4 on Monday, in extension of strong rally last Thu/Fri, inflated by the latest decision by China to further boost its stimulus to the economy.
The news sparked fresh risk aversion by signal that…
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