Gold hits new record high
Gold climbed to new all-time high on Friday and cracked psychological barrier at $2400, remaining at a high speed and again taking just few days for a trip from one to another round-figure barrier.
Growing geopolitical tensions continue…
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EURUSD extends steep fall as bears take full control after US inflation data / ECB policy decision
The Euro continues to trend lower and hit new 2024 in early Friday, as steep fall extends into third consecutive day, keeping the pair on track to the biggest weekly loss since the second week of May 2023.
The single currency stumbled…
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ECB keeps its monetary policy unchanged but surprises by signals for a rate cut in June
The European Central Bank kept its interest rates unchanged at a record high, in line with expectations, but surprised markets with signals of possible rate cuts in the near future.
The policymakers showed readiness to start easing the…
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Dollar index continues to benefit from hotter than expected US consumer prices
The dollar index keeps firm tone and rises further on Thursday after surging over 1% on Wednesday (the biggest one-day gains since 3 Feb 2023), lifted by hotter than expected US inflation data, which dropped bets for the start of Fed’s…
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USDJPY hit new multi-decade high after strong US CPI numbers, intervention looms
USDJPY is consolidating near new multi-decade high above 153 mark, after surging around 1% on stronger than expected US inflation data.
Eventual break above narrow two-week range generates initial signal of bullish continuation of the…
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EURUSD – bears are taking a breather ahead of ECB policy decision
The Euro remains firmly in red and holding near last week’s low at 1.0725, following a sharp fall on Wednesday (the pair was down 1%).
Higher than expected US inflation in March, cooled market expectations for Fed’s first rate cut in…
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US inflation increases more than expected in March
US inflation rose above expectations in March, mainly driven by higher costs of gasoline and rents, which accounted for more than half of the increase in consumer prices last month.
The consumer price index rose 0.4% month on…
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US dollar index in a quiet mode ahead of release of key economic data from the US
The dollar index is trading within a narrow range for the second consecutive day, as traders await release of the US inflation report for March, which is expected to provide more hints on the Fed’s policy outlook.
Widely expected start…
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WTI OIL – limited pullback to keep larger bulls intact
WTI oil edged higher in early Wednesday, following 1.4% drop previous day, keeping larger bulls intact and suggesting that pullback from new multi-month high ($87.61) is likely to be shallow.
Negative impact from bigger than expected build…
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Aussie dollar keeps bullish bias ahead of US inflation report
AUDUSD is trading within a narrow range on Tuesday morning but keeps slight bullish bias following Monday’s 0.5% advance and a positive signal on daily close above 0.6597 (100DMA / Fibo 61.8% of 0.6675/0.6480 bear-leg).
Aussie dollar was…
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