Gold advances further on Powell’s dovish stance
Gold price rose further in early Tuesday following more dovish tones from Fed Powell in his speech on Monday, which contributes to growing expectations that the Fed may soon decide to start cutting interest rates.
Powell pointed to the…
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Dollar Index remains in red as markets await Powell’s speech
The dollar index returned to red on Monday after a gap higher opening in market reaction on assassination attempt on former President Donald Trump, though dollar-negative sentiment on growing expectations for September Fed rate cut,…
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Cable is holding near 1.30 barrier ahead of Powell’s speech
Cable keeps form tone on Monday and hit new yearly high, trading just ticks under psychological 1.30 barrier.
The pair advanced strongly in past two weeks and bulls may start to lose traction on facing headwinds from 1.30 resistance, as…
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China’s economic growth slowed in Q2, signaling need for more stimulus
China’s economy grew 4.7% in the second quarter, in the slowest pace of growth since Q1 2023, against 5.3% expansion in the first three months of 2024 and missing expectations for 5.1% growth.
Much slower than expected growth of the…
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Bitcoin surges to two-week high on Monday
BTCUSD surged almost 5% in early Monday’s trading and traded above 63K barrier for the first time in two weeks.
Fresh rally extends into third straight day and accelerated higher after weekend’s assassination attempt added to hopes for…
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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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