WTI OIL remains in red as hawkish Fed minutes fueled demand concerns
WTI oil price remains in red for the fourth consecutive day and pressuring fresh three-month low ($76.42) posted in the previous session.
Near-term sentiment weakened after Fed’s minutes of the latest policy meeting showed that…
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EURUSD – recovery needs further positive signals to resume
The Euro regained traction and bounced 0.3%, after pullback from 1.0895 (May 16 high) was repeatedly rejected at 100DMA (1.0814), generating initial signal of a double-bottom and potential end of corrective phase.
Fresh strength so far…
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Gold – hawkish Fed minutes further weaken near-term sentiment
Gold price remains in red for the third straight day and fell to the lowest since May 15 during early European session on Thursday, in extension of Wednesday’s 1.75% drop.
Fed minutes, released late Wednesday, showed that the US central…
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Fed policymakers keep hopes that inflation will continue to cool – FOMC minutes
The minutes of the US Federal Reserve April 30 / May 1 FOMC policy meeting showed that policymakers believe that price pressures will continue to ease and head towards 2% target in coming months.
The latest inflation data from the US,…
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USDJPY keeps firm tone ahead of FOMC minutes
Bulls hold grip and keep initial targets at 156.78 (May 14 high) and 157.01 (Fibo 61.8% of 160.19/151.85 correction.
The pair hit new weekly high on Wednesday, as the dollar stands at the front foot ahead of release of minutes of Fed’s…
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Cable hits two-month high after inflation data, but bulls lack traction to sustain gains
Cable rose to two-month high (1.2761) on Wednesday, after UK inflation data for April showed that prices pressure eased below expectations, hurting bets for BoE’s June rate cut.
Fresh acceleration higher generates initial signal of…
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Expectations for BoE June rate cut hurt by lower than expected drop in UK inflation in April
Consumer prices in Britain rose by 2.3% year on year in April, in a sharp decline from 3.2% increase in March and hit the lowest in nearly three years (CPI was at 2.0% in July 2021) but missed expectations for 2.1% increase.
Month on…
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GBPUSD – bulls are taking a breather after five-day rally
Cable eases from new multi-week high (1.2700) on Thursday, as bulls faced headwinds from significant resistances at 1.2700 zone, provided by the top of daily Ichimoku cloud and Apr 9-10 tops.
In addition, overbought conditions on daily…
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US inflation rises less than expected in April – positive signal for Fed
The latest data on US consumer prices indicates that inflation increased less than expected in April, suggesting a continuation of the downward trend at the beginning of the second quarter. This news has bolstered financial market…
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EURUSD at five-week high and testing key resistance zone ahead of release of US CPI data
The Euro keeps firm tone and hits new five-week high in early European trading on Wednesday. Fresh bull-leg extends into third consecutive day and cracked pivotal barriers at 1.0830 zone, consisting of 100DMA (1.0823) / Fibo 61.8% of…
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