WTI oil price falls on profit taking from new multi-month high
WTI oil price pulls back from new 4 ½ month high ($83.10), down 1.6% for the day so far, as traders collected profits ahead of Fed policy announcement.
The oil price accelerated higher recently on fresh concerns about oil supply,…
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USDJPY – bulls pressure multi-decade highs at 150.90/94 ahead of Fed’s verdict
Strong bullish acceleration extends into the second consecutive day, pushing the price close to key barriers at 150.90/94 (multi-decade peaks hit in 2023 and 2022).
The Japanese yen came under increased pressure from BoJ’s dovish hike…
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Dollar index – bulls hold grip on expectations that the Fed will keep hawkish stance
The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today.
The central bank is not expected…
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Pullback pauses above strong support zone, awaiting fresh signals from Fed comments
Bitcoin bounced above $63000 on Wednesday morning after the pullback from new record high found a footstep just above significant Fibo support at $60340 (38.2% of $38501/$73839 rally) anthological $60000 level.
Technical studies on daily…
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UK inflation falls below expectations and adds to expectations for BoE rate cuts later this year
British inflation eased slightly more than forecasted in February, adding to expectations that the Bank of England would start cutting interest rates in coming months.
Annualized consumer prices rose by 3.4% in February, the lowest…
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Canada’s inflation eases below expectations in February and fuels bets for rate cut in June
Canada's inflation rate eased below expectations in February, and closely watched core inflation, stripped for the most volatile components, eased to the lowest in more than two year lows, boosting bets for a June rate cut.
Annual…
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German economic sentiment improved well above expectations in March – ZEW
German investor morale improved much more than expected in March, fueled by fresh signals that the ECB may start cutting interest rates soon and better than expected recent economic data from China.
ZEW economic institute report showed a…
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Yen loses ground on signs of extended Fed/BOJ rate gap
USDJPY was sharply higher (up almost 1%) after BOJ’s major shift, though the message from the central bank was seen as dovish on signals that future policy tightening will be moderate, which will keep the big rate gap between the Fed and…
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Bank of Japan raises interest rates for the first time in 17 years
After eight years of negative interest rates, the BOJ has decided to shift away from this policy. This signifies a departure from its previous focus on stimulating growth through massive monetary stimulus.
Although this move represents…
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USDJPY stands at the front foot ahead of BoJ / Fed policy meetings
USDJPY has so far retraced over 50% of the recent 150.88/146.48 drop, in steep recovery that extends into fifth straight day.
Fresh strength emerged from profit-taking after the pair was sharply down on growing speculations that the BoJ…
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