UK inflation remains unchanged in May, ahead of BoE’s policy meeting
Inflation in Great Britain remained unchanged at 2.8% in May, against expectations for 3% rise, while core inflation, which excludes volatile food, energy, alcohol and tobacco components, rose slightly less than expected to 2.6% from 2.5%…
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Bank of Japan raises interest rates to the highest since 1995
The Bank of Japan raised interest rates by 25 basis points to 1%, in response to growing price pressures from the energy shock caused by the war in the Middle East.
Japan’s central bank raised borrowing cost to the highest level since…
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Cable remains constructive ahead UK CPI data, BOE policy meeting
Near-term recovery from 1.3300 zone higher base has received fresh boost from improving geopolitical picture that sparked risk appetite and deflated dollar.
Although today’s action was limited, Cable remains at the front foot as traders…
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BRENT – peace deal optimism pushes the price to three-month low
Brent oil opened with a gap lower on Monday and fell to the lowest in over three months, deflated by fresh wave of optimism about the end of US/Iran war.
Two sides announced that they had reached an initial deal which should be signed…
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AUDUSD – thick daily cloud continues to limit recovery attempts
Australian dollar remains at the front foot and continues to pressure strong barriers at 0.7050 zone (daily cloud base / Fibo 23.6% of 0.7277/0.6978) for the second consecutive day, but attempts to extend Thursday’s almost 1%…
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EURUSD – post-ECB recovery faces strong obstacles en-route
The Euro remains constructive on Friday after previous day’s jump on ECB rate hike (the first in three years).
The latest news about potential peace deal in the Middle East also contributes to fresh positive tone, although markets need…
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The European Central Bank raised interest rates by 0.25 basis points to 2.25% in its June policy meeting, delivering the first rate hike since September 2023, in attempt to act proactively and to keep a lid on inflation expectations, as…
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BRENT – bears hold grip despite fresh escalation in the Middle East
Brent oil price remains within a range between $90.00 and $95.00 for the fifth consecutive day despite renewed tensions in the Middle East and much stronger than expected draw in US crude inventories, as markets still do not see significant…
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GOLD continues to trend lower and pressure 2026 low
Gold hit the lowest in ten weeks on Wednesday, following fresh acceleration after breaking below the lower boundary of a bear-channel (which repeatedly contained attacks in few previous sessions).
Steep bear leg, the part of larger…
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US inflation rises for the third straight month in May, increasing pressure on Fed and President…
US consumer price index increased 4.2% (y/y) in May from 3.8% previous month and in line with expectations, while core inflation, stripped for the most volatile components, rose 2.9% from 2.8% in April, as economists predicted.
Inflation…
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