Euro falls on fading Fed effects but remains in a range between two key levels
The Euro lost ground and fell 0.5% on Thursday, reversing the most of previous day’s post-Fed rally.
With the dollar regaining traction on rising US yields, despite the Fed signaled extended period of ultra-low rates the Euro came under…
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BoE remains optimistic about the economic recovery but with large dose of caution
The Bank of England, as expected, kept its benchmark interest rate at a record low and left unchanged the size of its 895 billion pound bond-buying program in its March policy meeting and said it planned to keep the pace of its purchases of…
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DAX hits new all-time high, lifted by automakers, improved mood on dovish Fed
Germany’s blue-chip DAX index surged to new record high in European trading on Thursday, lifted by autos, banks and miners (Volkswagen shares are on track for the best week on record) as Fed’s dovish stance boosted global risk mode.…
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Bulls may accelerate on break of 2021 high
The pair remains within a narrow range under new 2021 high (109.36) as the dollar regained footing after being hit by dovish Fed on Wednesday.
Near-term action continues to trade above rising 10DMA which tracks the advance since Feb 24,…
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Sterling was lifted by dovish Fed, BoE in focus for fresh signals
Cable kept positive tone in early Thursday, following previous day’s post-Fed jump and retested pivotal 1.40 barrier which repeatedly capped recovery attempts last week, but so far without break higher.
As expected, the Fed was upbeat in…
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Another rise in US crude stocks keeps oil price under pressure
WTI oil fell below $64 per barrel and hit one-week low on Wednesday, after the report from the US Energy Information Administration showed another increase in weekly crude stocks.
US crude inventories rose by 2.4 million barrels in the…
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Bears on hold ahead of Fed
The Euro edged higher in European trading on Wednesday, shy of one-week low (1.1882) posted on Tuesday after three-day pullback following double-rejection at key 1.20 resistance zone.
Quiet near-term mode comes ahead of today’s key event –…
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It’s a Fed day today
The US Federal Reserve ends its two-day policy meeting today and is expected to issue new economic projections, with Chair Jerome Powell and his team looking for a potential economic boom in a way not seen since early 1970s.
The central…
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Cable falls to one-week low and risks deeper drop on break of pivotal supports
Cable was sold in early Tuesday’s trading and fell to one-week low, confirming negative near-term bias after long tails of candles in past two days suggested that fresh bears from a double rejection at 1.40, face headwinds.
Sterling came…
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Recovery in China’s factory and retail sector accelerated beyond expectations in early 2021
Impressive figures from China’s factory and retail sector signal that the economic recovery moved into a fast track at the first months of 2021 after being paralyzed by coronavirus pandemic in early 2020 and started a gradual recovery…
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