Euro fell across the board as weak PMI data further soured sentiment
The Euro fell across the board, hit by weaker than expected PMI data from the biggest Eurozone economies.
German data were in focus today, with Manufacturing PMI falling below expectations in Apr (44.5 vs 45.0 f/c).
Also, French…
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WTI eases further but remains within n/t consolidation range
WTI oil extends weakness on Thursday, maintaining negative near-term tone despite stronger than expected fall in US crude inventories (EIA report showed draw of 1.4 mln bls vs forecasted draw of 1.2 mln bls) as smaller than expected fall in…
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Sterling holds in red ahead of UK retail sales
Cable stands at the back foot ahead of release of UK retail sales on Thursday, after being pressured further from weaker than expected UK inflation data and ended Wednesday’s trading in red.
Fresh weakness in past few sessions retested the…
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Positive tone ahead of EU data but key barriers continue to cap
The Euro holds positive tone in early Thursday’s trading and probes again into daily cloud, despite Wednesday’s strong upside rejection at 1.1323 and repeated daily close below cloud base / 55SMA (1.1303/05).
Fourth consecutive failure to…
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Loonie rises on solid data / weaker greenback
The pair accelerated lower on Wednesday, as the greenback weakened across the board on signals of stronger than expected China’s economic growth, with Canada’s CPI in line with expectations (Mar 1.9% vs 1.9% f/c) while trade gap…
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Strong China’s data pushed Aussie through key barriers
The Aussie dollar maintains positive tone and holding near two-month high at 0.7205 at the beginning of US session on Wednesday.
Stronger than expected data from China that showed faster than expected economic growth, boosted Australian…
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Fresh bulls need close above key barriers to signal continuation
The Euro stands at the front foot in Europe and penetrates thick daily cloud, following repeated downside rejection at 1.1280 zone (just above 30SMA) in Asia and subsequent acceleration higher.
Fresh upside attempts come after triple…
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Sterling falls further on weak CPI but holds above key supports
Weaker than expected UK inflation data (Mar CPI 1.9% y/y vs 2.0% f/c) push sterling further down on Wednesday, as lower inflation reinforces idea that BoE is unlikely to increase interest rates in the near future.
Extension of strong fall…
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Spot gold falls to 4 1/2 month low, pressured by strong risk mode
Spot gold holds in red for the fourth straight day and accelerates lower in early US trading on Tuesday.
Fresh weakness hit new 4 ½ month low, marking daily loss of 0.93% until now.
Solid economic data from major economies and fresh…
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Pullback holds above 10SMA ahead of oil inventories
WTI oil price holds slight bid tone on Tuesday following double downside rejection ($63.02/11 on Fri/Mon) and Monday’s close above 10SMA ($63.45) which also formed Hammer candle, generating initial signal of stall of pullback from $64.77…
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