Euro falls further as dollar rises on better than expected US data
The Euro extends steep fall into third consecutive day and hit new four-month low, pressuring Fibo support at 1.1778 (76.4% of 1.1602/1.2349).
Clear break of pivotal 200DMA (1.1854) added to negative signals as dollar was additionally…
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Swiss central bank keeps rates unchanged, set for extended period of loose policy
The Swiss National Bank kept its benchmark interest rate - the world’s deepest negative rate - unchanged at -0.75%, in line with expectations, sticking to its ultra-expansive policy, which is in place since 2015.
The central bank…
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Further improvement in German consumer morale could be short-lived due to extended lockdown
German consumer morale improved for the second consecutive month, the report from Gfk research institute showed on Thursday.
Consumer sentiment index rose to -6.2, the best result since November, from a revised -12.7 in March and also…
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Pressure on sterling rises on growing third virus wave
Cable hit new 7-week low (1.3670) in early European trading on Thursday, but the action is holding within narrow range and signaling consolidation after strong fall in past two days.
Wednesday’s penetration and close within rising daily…
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Bulls remain intact and look for final close above 200WMA to resume
The pair maintains bullish tone and fresh advance above 109 mark (200WMA / Fibo 61.8% of 109.36/108.40 pullback) in early Thursday’s trading signals that shallow correction from new 2021 high (109.36) might be over.
Near-term action…
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Bulls extend to new 4-mth high but face headwinds from strong technical barriers
The dollar maintains firm tone and consolidating under new four-month high (92.59) posted today, in extension of Tuesday’s 0.63% advance.
Upbeat purchasing managers surveys from the EU and Britain showed that both economies accelerated…
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EU economy returns to growth in March
The data released on Wednesday showed that Eurozone economic activity made an unexpected return to growth in March, as continuous slowdown from the closure of bloc’s dominant services sector was offset by acceleration of industrial…
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Weaker than expected UK inflation increases pressure on sterling
Cable fell further on Wednesday, extending previous day’s 0.8% drop and hit the lowest (1.3674) since Feb 5.
Unexpected fall of UK inflation in February (0.4% vs 0.8% f/c) contributed to negative tone from growing risk aversion.
Fresh…
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Risk aversion pushes Euro to new four-month low
The Euro fell to new four-month low in early European trading on Wednesday, following Tuesday’s 0.72% drop, deflated by rising risk aversion on extended lockdowns across the Europe and dovish comments from US Treasury Secretary Janet…
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Aussie falls on risk-off mode but huge US c/a deficit weighs on greenback
The Australian dollar fell to two-week low on Tuesday, pressured by fresh risk-off mode as new Covid lockdowns and worries about vaccination slowdown boost concerns about global growth while a number of countries impose sanctions on China…
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