US inflation rises moderately in July
US inflation rose moderately in July and the annual increase in inflation slowed to below 3% for the first time since early 2021, further strengthening expectations the Federal Reserve will cut interest rates next month.
The consumer…
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AUDUSD keeps firm tone ahead of US inflation data
AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk…
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Cable dips on softer than expected UK data; focus shifts on US inflation
Cable fell 0.35% in immediate reaction to softer than expected UK inflation numbers in July.
Although the BoE expected inflationary pressure to rise after CPI stayed at 2% target in past two months, weaker than expected July figure adds…
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UK inflation rises below expectations in July
Inflation in Great Britain rose to 2.2% in July after holding two months at the BoE’s 2% target, rising less than economists expected.
Services inflation, closely watched by the Britain’s central bank, fell to 5.2%, last month (the lowest…
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German investor morale declines sharply in August – ZEW
The report from German ZEW economic research institute released on Tuesday, showed that country’s investor morale slumped in August.
ZEW economic sentiment index fell to 19.2 points in August from 41.8 points in July and strongly…
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EURUSD in quiet mode, awaiting economic data for fresh signals
EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report.
German ZEW economic sentiment (July f/c 32.6 vs June…
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BTCUSD – mixed signals but downside remains vulnerable below 60K barrier
BTCUSD firmed on Monday and recovered a part of Friday’s drop, but upside attempts were so far capped by psychological 60K barrier and warning that gains may be short-lived..
Near-term action to keep slight bullish bias above 10 DMA…
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AUDUSD lifted by fresh risk appetite, retests key resistance zone
AUDUSD advanced 0.5% in Asian / European trading on Monday, to completely reverse Friday’s drop and generate initial signal of bullish continuation.
Fresh strength cracked pivotal barriers at 0.6600 zone (converged 200/100DMA’s / base of…
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Gold – bulls hold grip ahead of key US inflation data
Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day.
The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis…
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Oil prices rise for the third straight day as sentiment improves
WTI oil price rises for the third straight day, boosted by improved sentiment on fading recession fears and demand concerns and larger than expected draw in US crude inventories, with better than expected US jobless claims adding to…
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