Solid US retail sales add to signals that the economy keeps momentum at the start of the year into…
US retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground heading into the new year.
Retail sales rose 0.6% last month after an unrevised 0.3%…
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USDJPY – bulls may pause for consolidation
The dollar keeps strong bullish stance against yen and extends the latest strong rally into third straight day, advancing more than 2% since Monday.
Cooling expectations Fed’s early rate cut provided fresh tailwind to the greenback, as…
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Cable bounces on upbeat UK data but still lacks direction signals on conflicting technical studies
Cable jumped around 0.4% in European trading on Wednesday, lifted by above forecast UK December inflation data, which soured the sentiment about rate cut, pushing percentage of bets for rate cut by May significantly lower.
Fresh gains…
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UK inflation unexpectedly rises in December
Britain's annual rate of consumer price inflation rose for the first time in 10 months in December, reaching 4.0% compared to a more-than-two-year low of 3.9% in November.
The increase exceeded the consensus forecast for a 3.8% rise.…
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China will need to further stimulate economy to accelerate growth – GDP
China's economy grew by 5.2% in 2023, slightly exceeding the official target, however, the recovery was more uncertain than anticipated, with a range of issues affecting economic stability.
A deepening property crisis has become a…
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German economy is expected to barely grow in 2024
German BDI industry association expects the German economy to grow by only 0.3% in 2024. This is a minimal growth projection compared to the anticipated global economic expansion of 2.9%.
According to the BDI president, the German…
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Euro loses ground, key supports under increased pressure
The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier.
Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by…
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UK wage growth continues to slow, easing pressure on BoE
British wages experienced the slowest pace of growth in almost a year, according to data released on a Tuesday.
The growth in wages, excluding bonuses, slowed for the third consecutive release, reaching an annual rate of 6.6% in the…
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Dollar index- firmer tone keeps in play hopes for test of near-term range top
The dollar index keeps positive tone in holiday-thinned Monday’s trading and attempting again through pivotal Fibo barrier at 102.27 (50% retracement of 104.27/100.29 bear-leg), where the action failed several times recently.
Sustained…
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Bitcoin – slight bullish bias above daily cloud but key supports remain at risk
Bitcoin keeps slight bid in early Monday’s trading, after sharp fall in past few sessions, as daily studies are oversold, and fresh bears faced strong headwinds from rising daily cloud (top of the cloud lays at 41311).
Bitcoin spiked…
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