USD Index hits new multi-month low, all eyes on FOMC minutes and Fed Chair Powell’s speech
The dollar index fell to new multi-month low on Tuesday, moving in a steep bear-leg which extends into third consecutive day.
Near-term sentiment remains negative on renewed risk appetite, while markets fully price in 25 basis points…
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Cable rises above 1.30 for the first time since mid-July
Cable broke above psychological 1.30 level on Tuesday (last probe above this barrier was on July 17/18).
Rally from 1.2664 (Aug 8 low, where rising daily cloud contained previous downtrend and reversed direction) is steep and…
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EURUSD -bulls hold grip for further gains, shallow correction likely to precede fresh push higher
EURUSD ticked to new 2024 high (1.1088) on Tuesday, but bulls show signs of fatigue after strong rally in past two days.
Fundamentals remain supportive as Eurozone trade surplus strongly widened in June and inflation remained elevated in…
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China leaves key lending benchmarks unchanged in line with expectations
China's decision to keep its benchmark lending rates unchanged in August aligns with market expectations, reflecting the challenges facing the country's banking sector. The one-year Loan Prime Rate (LPR) remains at 3.35%, and the five-year…
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AUDUSD continues to trend higher ahead of FOMC minutes, Powell’s speech in Jackson Hole
AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week
The pair enters the third consecutive week of strong gains, with the latest acceleration being…
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Japanese yen regains traction vs dollar on renewed expectations for dovish Fed
USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over.
Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with…
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Dollar remains in defensive on growing expectations for dovish Fed’s policy view
The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months).
The dollar was weaker across the board on renewed risk mode and…
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EURUSD- break above 1.10 adds to bullish outlook, limited dips should be anticipated
EURUSD keeps firm tone at the start of the week and extends gains above psychological 1.10 barrier after registering a weekly close above this level for the first time since late December.
Bulls also cleared a Fibo resistance at 1.1012…
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Gold hits new record high at $2500
Gold price surged on Friday and hit new record high at psychological $2500 level, benefiting from fresh turbulence in the markets after better than expected US data offset negative impact from much weaker than expected July NFP and…
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Cable rises above 1.2900 on solid economic data
Cable rose to the highest since July 25 on Friday, benefiting from improved risk sentiment after upbeat US data on Thursday (jobless claims / retail sales) and solid UK retail sales added to fading recession fears.
Sterling also…
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