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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GBPUSD – bullish bias above rising daily cloud
Cable remains at the front foot and extends recovery on Friday morning, after fresh bulls registered break and close above the top of rising daily cloud.
Fading US recession fears and solid Chinese economic data revived risk sentiment…
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EURGBP – 200DMA so far holds pullback from new multi-week high
EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day.
Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming…
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AUDUSD – initial reversal signal is developing on daily chart
AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud.
Several signals point to basing attempts and formation of reversal pattern on…
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