Aussie fall to 11-year low after weak jobs data
The Australian dollar accelerated to new eleven-year low (0.6621) on Thursday, after Australian unemployment rose above expectations (Jan 5.3% vs 5.2% f/c and 5.1% Dec) while 13.5K new jobs were created in January, above 10K consensus but…
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Bears are on hold but stronger recovery so far looks unlikely
Signals of recovery on Wednesday’s first bullish close after eleven straight days in red, are fading as the pair’s action in Asia/early Europe on Thursday is shaped in long-legged Doji.
Larger bears took a breather on Thursday, but it so…
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Sterling extend weakness into fourth day; UK retail sales in focus
Cable extends weakness into fourth straight day and tests levels below 1.29 handle, following Wednesday’s 0.6% fall and close below pivotal supports at 1.2931/19 (rising 100DMA / Fibo 38.2% of 1.1958/1.3514).
Stronger than expected rise in…
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Lira falls further after CBRT cut rates by 0.5%
The Turkish lira extended weakness and hit the lowest in nine months on Wednesday after Turkey’s central bank cut interest rates by 50 basis points.
The CBRT lowered key interest rate from 11.25% to 10.25% in widely expected action as…
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The dollar rallies to nine-month high on fresh risk appetite
The pair rallied to new nine-month highs on Wednesday, as renewed risk appetite on signs of falling new virus infections and fading fears about the depth of negative impact on global growth inflated the greenback.
Bulls regained…
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Bears are pausing above new 3-year low ahead of Fed minutes
The Euro edges higher in early European trading on Wednesday after probe below 1.08 handle resulted in posting new three-year low at 1.0785 on Tuesday.
Recovery was so far mild and mainly driven by strong EURJPY buying, however, deeply…
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Neutral mode extends; UK inflation data eyed for fresh signals
Cable is moving within narrow range around 1.30 handle in early Wednesday’s trading and awaiting UK inflation data for fresh signals.
Tuesday’s post-jobs data jump to 1.3048 was short-lived, as main forces that drive pound (positive impact…
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Gold advances to two-week high on fresh risk aversion
Spot gold advanced to the highest level in two weeks in early US session trading on Tuesday, driven by fresh safe-haven demand on renewed weakness in the stock markets and rising concerns about coronavirus epidemic negative impact on global…
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Reversal pattern is forming on daily chart
WTI oil dropped on Tuesday on as fears about negative impact from coronavirus on global demand prevailed, despite some signs that the number of new virus infection cases fall.
Traders remain cautious and awaiting fresh news from OPEC+…
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Downbeat German data further soured weak Euro’s sentiment
The Euro hit new marginally lower three-year low after downbeat German ZEW data.
Economic sentiment in Germany weakened significantly in February (8.7 vs 21.5 f/c and 26.7 prev).
ZEW said that significant decline in economic sentiment…
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