US consumer prices in rise in February
US inflation rose above expectations in February, mainly driven by higher costs for petrol and housing, warning that prices are still sticky, which could have more negative impact on growing expectations for Fed’s first rate cut in June.…
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Cable eases from new eight-month high ahead of key economic data
Cable eases on Monday after last week’s 1.6% rally (the biggest weekly gain since the second week of November) hit eight-month high (1.2893).
Profit-taking and risk aversion contributed to fresh weakness, which so far looks as…
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Gold is consolidating after 4.6% advance last week, US inflation data eyed for fresh signals
Bulls are taking a breather and consolidating within a narrow range on Monday, just under new all-time high ($2195) and psychological $2200 barrier.
The yellow metal continues to shine (advanced 4.6% last week, in the biggest weekly gain…
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USDJPY descends further on diverging Fed / BOJ policy outlook
USDJPY continues to trend lower as dollar was deflated by growing bets for Fed’s rate cut in coming months, while yen rallies on strong signals that the Bank of Japan could start raising interest rates this month, with scenario being…
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Bitcoin surges to new record high above $71000
Bitcoin is trading near new record high above $71000 early Monday, with steady ascend in past few sessions signaling continuation of larger uptrend, after a brief consolidation last week.
Bulls remain firmly in play and so far offset…
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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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