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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Cable stands at the front foot ahead of Fed
Cable edges higher on Wednesday, looking for another attempt at daily cloud top (1.2944) after the action in past two days was capped by rising cloud top.
The pair holds in green for the third straight day, with series of higher lows…
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Euro remains afloat but upside is limited; Fed eyed for fresh signal
The Euro regains traction after upside rejection and negative close on Tuesday, lifted by weaker dollar in early European trading on Wednesday.
Persisting risk sentiment and rise in German business morale, keep the single currency afloat,…
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Fed is expected to keep rates low and to raise economic forecasts
The US Federal Reserve ends its two-day September policy meeting today, and the market will be looking for more details about the central bank’s new policy strategy, unveiled last month at the Jackson Hole symposium.
There, the central…
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Rising risk sentiment drives the greenback towards Aug lows
The pair extends steep fall into second day, turning focus towards August lows at 105.20/10.
Rising risk sentiment was boosted by upbeat Chinese, German and US data, sending the greenback sharply lower against yen.
The greenback…
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Oil price rise as hurricane approaches US Gulf Coast but concerns demand recovery persist
WTI oil jumped almost $1 during European session on Tuesday as hurricane Sally approached the US Gulf Coast on Tuesday morning.
This is the second storm in less than a month to threaten the region and cause disruptions in refineries and…
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