EURUSD – bulls hold grip for further advance
EURUSD continues to trend higher, with minimal negative impact from hotter than expected US PPI data (Jun 0.2% m/m vs 0.1% f/c and 0.0% in May).
The latest bull-leg extends into third straight and day pressuring Thursday’s post US CPI…
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Dollar index is consolidating above one-month low; prospects for further losses
The dollar index remains in defensive on Friday and consolidating under new one-month low (103.74) posted after Thursday’s 0.8% drop.
The greenback was deflated by weaker than expected US CPI data in June which fueled bets for Fed rate…
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Gold may rally further after US CPI data boosted bets for September Fed rate cut
Gold price eases from new seven-week high on Friday morning, as traders took some profits from Thursday’s 1.9% post-US CPI data rally.
The yellow metal received fresh boost from cooler than expected US inflation, which boosted bets (93%…
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USDJPY slumps after weaker than expected US CPI data
USDJPY fell sharply after surprise drop in US inflation, falling 2.6% in immediate reaction to data and being one of top losers on Thursday.
US CPI data did the job for Japan’s authorities by sending yen sharply higher without an…
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US inflation falls below expectations in June
The recent data from the Labor Department's Bureau of Labor Statistics indicates a decline in US consumer prices in June, with the Consumer Price Index (CPI) dipping 0.1% following a stagnant reading in May.
This marks the second…
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Stronger than expected UK GDP numbers lift cable to four-month high
Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month.
Fresh strength broke through pivotal barriers at…
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UK economy grew much faster than expected in May
UK gross domestic product increased by 0.4% month on month in May, after a 0.2% rise in April and beat forecast for 0.2% monthly increase.
The Bank of England expected the economy would grow by 0.5% over the second quarter - something…
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Gold price rises on revived rate cut expectations; US inflation data in focus
Gold price rose on Wednesday, lifted by the latest comments from Fed Chair Powell, which warmed up expectations rate cut, after the central bank postponed the start of policy easing several times.
Powell’s testimony on Tuesday provided…
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Turkish lira likely to fall further following no significant impact from ultra-high interest rates
USDTRY- fresh advance after a shallow correction reclaims 33 mark and comes close to new record high at 33.13, posted on June 25.
Lira remains under strong pressure, mainly due to high inflation (over 70%) and big trade deficit, with sharp…
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Kiwi dollar down 1% on dovish RBNZ
NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance.
The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that…
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