EURGBP – thin daily cloud provides a lot of headwinds and keeps risk of recovery stall
Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure.
Technical picture on daily chart is bearishly…
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Fed leaves rates unchanged as expected, but warns about elevated inflation
The US Federal Reserve kept interest rates unchanged at policy meeting which ended on Wednesday, as widely expected and signaled it is still leaning towards eventual reductions in borrowing costs, but warned about recent hotter than…
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Bitcoin – increased bearish pressure after a loss of pivotal 60K support zone
Bitcoin fell to the lowest since Feb 27 on Wednesday, as fresh acceleration lower extends into third straight day, boosted by fading bets for the start of Fed rate cuts in the near future.
Monday’s break and close below daily cloud base…
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US private payrolls rise above expectations in April – ADP
The latest ADP Employment report indicates a stronger-than-expected increase in private payrolls, with 192,000 jobs added in April, surpassing forecasts and maintaining momentum into the second quarter. The data suggests that the labor…
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Fed is widely expected to hold rates steady as elevated inflation continues to fade rate cut…
The US Federal Reserve ends its two-day policy meeting today with a new statement and comments from the central bank’s Chair Jerome Powell expected to give clearer sense of how recent disappointing inflation readings have changed the…
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Crude oil price continues to trend lower and pressure key support zone
WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories.
Also, stubbornly high US inflation continues to cool rate cut expectations…
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Dollar keeps firm tone in expectations of Fed’s further hawkishness
The dollar keeps firm tone and hit new multi-month high early Wednesday, after surging 0.56% on stronger than expected US data on Tuesday.
US employment cost index rose more than expected in the first three months, adding to signs of…
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Gold eases further ahead of Fed / NFP
Gold price came under fresh pressure on Tuesday and lost around 1.5% for the day so far, to crack pivotal $2300 zone (psychological / daily Kijun-sen / Apr 23 spike low).
Traders shift their focus to the key events of the week -Fed…
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Euro zone inflation steadies in April, adding to ECB rate cut case
Inflation in the eurozone remained unchanged at 2.4% in April, aligning with expectation, however, core inflation, which excludes volatile components like food, energy, alcohol, and tobacco, slowed to 2.7% from 2.9% in March, slightly…
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China factory and services activity slows in April – PMI
The latest data from China indicates a slowdown in growth across both the manufacturing and services sectors in April, signaling a loss of momentum for the world's second-largest economy at the beginning of the second quarter.
While solid…
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