Euro falls to 2-month low following break of psychological 1.20 support
The Euro cracked psychological 1.20 support, after bears showed hesitation above this level in past two days and fell to two-month low in European trading on Thursday.
Stronger dollar and fading risk sentiment weigh on euro, adding to…
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Sterling eases further on zero rate worries
Cable extends weakness (down 0.46% in Asia / early Europe) on Thursday and hit two-week low, following negative signal on eventual daily close below 20DMA.
The sentiment weakens further on growing worries that the Bank of England may…
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Bears to extend further after break of key supports
The USDTRY returned to red on Wednesday after bears took a breather on Tuesday, when price bounced from new six-month low (7.0887).
The pair was down nearly 4% since it broke pivotal 200DMA last week, with additional negative signals being…
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Hiring in US private sector rebounds in January despite soaring Covid-19 cases
US private payrolls increased by 174,000 in January, rebounding from last month’s downwardly revised figure which showed loss of 78,000 jobs instead of initially reported 123,000 rise and strongly beating forecast for increase of 49,000.…
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Inflation in Turkey rises to 15%, signaling that CBRT will keep policy tight
Turkey’s annual inflation rose to 14.97% in January, beating forecast at 14.68% and monthly consumer prices also climbed above expectations, hitting 1.68% in January against consensus for 1.4% increase.
Fresh rise was fueled by food and…
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Eurozone economic recovery slowed in January as new lockdowns hit services sectors hard
Economic downturn in the eurozone deepened in January as soaring coronavirus infections prompted governments to renew tough lockdowns.
New strict measures hit hard the bloc’s dominant service sector, offsetting a robust performance in…
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Bears are taking a breather before resuming
The Australian dollar is holding within narrow consolidation on Wednesday as pullback from 2021 high (0.7820) found footstep at 0.7563 (rising 55DMA) on Tuesday.
The support is seen tentative as remarks from RBA about extended period of…
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Deeper pullback seen on firm break of 20DMA
Cable stands at the back foot in early Wednesday’s trading and pressures again pivotal 20DMA support (1.3648) which holds the action since late December.
Near-term bias remains negative following fresh weakness after multiple failures to…
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Bears extend deeper in the cloud after completion of H&S pattern
The Euro remains in red for the third day and consolidating under new two-month low at 1.2011, with fresh negative signal being generated on close below pivotal supports at 1.2064/53 (Fibo 38.2% of 1.1602/1.2349 / Jan 18 former correction…
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Australia is expected to keep accommodative policy for several years
Reserve Bank of Australia Governor Philip Lowe pledged to keep interest rates near zero for extended period of time, after the central bank left its cash rate at a record low yesterday and extended bond buying by another A$100 billion.…
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