Gold hits new record high as US jobs data add to Fed rate cut bets
Gold rose new all-time high ($2185) after US jobs data, as rise in US unemployment and moderation in wage gains, outweighed stronger than expected acceleration in job growth in February, contributing to expectations that the Fed would start…
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Cable surges to eight-month high after US labor data
Cable accelerated to a multi-month high after US labor data added to Fed Powell’s dovish stance and strengthened expectations for the start of rate cuts, most likely in June.
Divergence between Fed and BOE’s rate outlook, as the Bank of…
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US labor report – preview and expected market reactions
All eyes are on key economic event of the week, today’s release of US February labor report.
Markets expect fresh direction signals, particularly for the US dollar, which is in a downward trajectory and for gold, which continues to trend…
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Dollar falls further on rising bets for Fed rate cut
The dollar index falls to five-week low on Thursday, remaining under increased pressure from growing expectations for June rate cuts.
Fed Chair Powell added to expectations by relatively dovish remarks in his testimony on Wednesday,…
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The ECB leaves rates unchanged but hints rate cut as inflation continues to ease
The European Central Bank decided to keep interest rates at record highs during its recent meeting but acknowledged a faster-than-anticipated easing of inflation compared to its earlier projections, following a surge in prices in prices two…
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Japanese yen accelerates gains vs dollar on growing signals of BoJ policy shift
Bears accelerate on Thursday (USDJPY was down 1% in Asian / European session) extending steep fall into third straight day.
Fresh weakness broke below initial Fibo support at 148.37 (23.6% of 140.25/150.88 rally, reinforced by daily…
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Aussie dollar rallies for the second day and pressure pivotal barriers
AUDUSD advances for the second day, underpinned by weaker US dollar and higher iron ore prices.
The pair hit two-week high and pressure key barriers at 0.6600 zone (near-term range top / Fibo 38.2% of 0.6871/0.6442 descend / 55DMA).…
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Gold continues to trend higher and hit new record highs
Gold hit new record high in early Thursday’s trading, continuing to trend higher in a steep rally which extends into seventh consecutive day.
The metal continues to benefit from global economic and geopolitical uncertainty and signals of…
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Bank of Canada keeps interest rates on hold as expected
The Bank of Canada kept its key overnight interest rate unchanged at 5%, in line with expectations.
Policymakers stressed that elevated underlying inflation continues to keep on hold expectations for the start of policy easing and pushed…
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USDJPY falls below 150 on growing expectations for BOJ rate hike in March
USDJPY dips below 150 support and is on track for clear break lower after the pair was hanging above this level for more than two weeks.
Yen gained traction on signals may decide to start raising interest rates, with the most optimistic…
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