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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EURUSD holds in extended sideways mode, initial negative signals developing on daily chart
Near-term action remains in a directional mode and ranging between converged 55/200DMA’s (1.0831) and 100DMA (1.0871).
Strong rejections in both directions in past few sessions add to neutral stance, with the pair looking for fresh…
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BTCUSD – bulls regain control and look for retest of new record high
Bitcoin surged almost 5% on Monday and rose to the highest since March 14, after fresh bulls cleared psychological $70000 level and Fibo barrier at $70735 (76.4% retracement of $73839/$60688 correction).
New record high ($73839) came to…
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German industrial production rises more than expected in February
Industrial production in Germany increased by 2.1% in February compared to the previous month, significantly surpassing the median forecast of 0.6%. This follows a similarly strong upwardly revised increase of 1.3% in the previous…
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