EURUSD falls further on downbeat PMI data
EURUSD fell to one week low on Friday and extended strong fall of Thursday, after the pair came under fresh pressure from downbeat PMI data.
The reports released on Friday showed that activity in services industry in the Eurozone and…
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Cable dips after BoE’s dovish hold
Cable fell below 1.2700 marks and hit the session low on Thursday, after the BoE kept rates unchanged but markets saw it as a dovish hold which deflated pound.
The fact that inflation returned to 2% target in May did not play the key…
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The Bank of England keeps rates unchanged in line with expectations
The Bank of England (BoE) decided to maintain its main interest rate at 5.25%, a 16-year high, just ahead of the July 4 election.
This decision, made by a 7-2 vote from the Monetary Policy Committee (MPC), aligns with economists'…
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USDJPY probes again through pivotal Fibo barrier, inflated by diverging monetary policies
USDJPY continues to trend higher and cracks pivotal Fibo barrier at 158.22 (76.4% of 160.19/151.85) which recently capped several attacks.
Sustained break here would generate fresh bullish signal for continuation of entire recovery from…
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USDCHF – SNB’s 0.25% rate cut deflates Swiss franc
USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%.
The central bank argued its decision by the fact that inflation continues to fall, and economic…
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Gold price edges higher but still capped under key barrier
Gold price edged higher in early Wednesday’s trading after softer than expected US retail sales numbers improved the sentiment on fresh expectations for Fed rate cut this year.
The price is holding near pivotal barrier at $2341 (recent…
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British inflation returns to target for the first time in almost three years in May
The recent drop in British inflation to its 2% target in May, the first time in nearly three years, is indeed notable. However, underlying price pressures remain, with services price inflation at 5.7%, slightly higher than the expected…
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US retail sales rise below expectations in May
In May, U.S. retail sales saw a marginal increase of 0.1%, missing expectations of a 0.3% rise and highlighting continued economic sluggishness in the second quarter. The previous month’s data was revised significantly downward to a 0.2%…
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Dollar index remains constructive ahead of key economic data
The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro.
Traders look for fresh signals about the central…
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Reserve Bank of Australia keeps rates on hold and expresses concerns about persisting inflationary…
The Reserve Bank of Australia has maintained interest rates at 4.35%, a 12-year high, signaling a cautious stance on inflation despite recent economic challenges.
This decision follows expectations of a steady outcome, influenced by…
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