EURUSD remains constructive despite more hawkish than expected Powell
EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s.
The single…
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Australian dollar rallies 1.35% vs its US counterpart as US inflation eases below expectations
Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut.
AUDUSD pair…
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Dollar falls sharply on softer than expected US May inflation numbers
The US dollar fell across the board in immediate reaction to softer than expected US May inflation numbers, which revived hopes for Fed rate cut in September.
US m/m consumer prices were flat in May after 0.3% increase in April and…
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Cable remains constructive despite weak UK GDP numbers, all eyes of US CPI / Fed
Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April / construction and manufacturing output fell sharply) as traders await release of US CPI data…
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UK economic growth slows in April – a bad signal for Conservative Party ahead of election
UK month on month gross domestic product was flat in April, in line with expectations after a 0.4% rise in March, while annualized GDP showed rise by 0.6% in April, ticking down from 0.7% previous month and meeting forecasts, but the…
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USDJPY remains constructive and eyes US inflation and Fed verdict for fresh direction signals
USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed…
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Bitcoin – near term sentiment sours on early Tuesday’s 3% fall
Bitcoin was down 3% in early Tuesday’s sharp selloff which signals continuation of a bear-leg from 71929 (June 7 peak).
Fresh bears emerged after a mild recovery was repeatedly capped by psychological 70K barrier, with drop marking so…
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GOLD – bears are taking a breather ahead of US CPI data / FOMC policy decision
Gold price edged lower in early trading on Tuesday, following Monday’s limited consolidation of nearly 4% drop on Friday.
Near-term outlook remains bearishly aligned after a massive losses last Friday, sparked by strong US jobs data and…
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Dollar continues to fly on growing expectations that the Fed will stay in higher for longer rate…
The dollar index extends strong rally on Monday, after advancing 0.8% on Friday and started the week with gap higher opening.
Upbeat May NFP numbers on Friday added to hawkish stance and signal that the Fed may keep its higher for longer…
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Euro extends post-NFP fall on French snap election news
The Euro opened with gap-lower on Monday and fell to one month low, in extension of Friday’s 0.8% fall (the biggest one-day loss since Apr 12).
The single currency was deflated by much higher than expected US nonfarm payrolls, which…
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