Strong recovery extends above $40 as OPEC+ presses for better compliance in production cut
WTI oil hit two-week high on Thursday in extension of Wednesday’s 4.4% advance, inflate by significant drop in US crude stocks.
Oil holds in green for the third straight day, as bullish acceleration was sparked by the tropical storm…
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Sterling drops one full figure as BOE hints negative rates
Cable fell 0.6% in immediate reaction to signals that the Bank of England announced that sub-zero rates scenario may become realistic.
The central bank kept rates and its main stimulus program unchanged with possibility of enlarging its QE…
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BOE keeps the door open for introducing sub-zero rates
The Bank of England left its policy unchanged in today’s MPC meeting but announced that it had been briefed on how to implement negative rates if needed.
The bank said that the UK’s economy had performed better than expected and would…
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Bears look for fresh signal on eventual close below pivotal Fibo support
The pair fell to new 1 ½ month low on Thursday, maintaining strong bearish tone for the fourth straight day.
Bears were little affected by Fed on overnight’s brief jump to 105.17, before returning below 105 handle.
The Bank of Japan, in…
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Euro extends lower after Fed; key supports coming in focus
The Euro remains offered in early Thursday’s trading and extended weakness to five-week low (1.1737).
The pair holds in red for the third straight day, following multiple upside rejections that left daily candles with long upper shadows,…
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Fed points to economic recovery, pledges to maintain low rates
The dollar was higher across the board on Thursday following Wednesday’s decisions by the US Federal Reserve.
In its last policy meeting before November’s US presidential election, the central bank kept with market expectations by…
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US consumer spending continues to lose traction as talks about new fiscal stimulus stalled
US retail sales increase 0.6% in August, missing forecast for 1% increase and falling below July’s 0.9% figure, revised lower from 1.2%.
Weaker than expected figures point to slowdown in US consumer spending in August, as initial…
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Dollar keeps soft tone ahead of Fed
The dollar holds in red on Wednesday (down 0.3% since opening in Asia) weighed down by strength of index’s main components – Euro, British pound and yen.
Market focuses on today’s verdict from Fed, with wide expectations for no rate…
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