Yen loses ground on unchanged BOJ
USDJPY was sharply up during the late Asian / European session on Tuesday (up 1.3% so far) in strong acceleration after dovish Bank of Japan deflated yen.
The central bank kept its ultra-loose monetary policy unchanged and maintained …
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Bank of Japan keeps its ultra-loose monetary policy unchanged
The Bank of Japan has opted to maintain its ultra-loose monetary policy settings in a widely anticipated decision.
At the recently concluded two-day meeting, the BOJ kept its short-term rate target at -0.1% and maintained the target for…
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AUDUSD – bulls hold grip but risk of rally’s stall persists
Bulls regained traction after brief pause on Friday, shaped in a long-legged Doji candle and probe again through important Fibo barrier at 0.6713 (50% retracement of 0.7157/0.6270 downtrend).
Clear break of this level…
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Dollar index – limited correction likely to precede fresh weakness
The dollar index is struggling to extend recovery from last week’s 1.7% drop, with the action being repeatedly capped by broken Fibo support at 102.19 (61.8% of 99.20/107.03) which reverted to solid resistance.
Dollar’s sentiment…
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EURUSD regains traction but recovery faces strong headwinds
EURUSD found a footstep and firmed on Monday after 0.9% drop last Friday, following a double failure at psychological 1.10 barrier.
However, recovery is unlikely to extend much as near-term action is weighed by much weaker than expected…
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GBPUSD constructive above daily Tenkan-sen but double top weighs
Early Monday’s action is holding within a narrow consolidation following Friday’s 0.6% pullback which left a double-top (1.2793/90).
Cable remains constructive above daily Tenkan-sen (1.2647) but needs to clearly break above cracked Fibo…
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USDJPY keeps firm bearish stance, eyes BoJ rate decision for fresh signals
Bears slowed on Friday and the price action is consolidating above new multi-month low (140.95) but keeping firm bearish stance, as the pair is on track for the fifth consecutive weekly loss.
Thursday’s close below pivotal support at…
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Weak PMI data add to signals that the Eurozone economy is likely in recession
The downturn in Eurozone’s business activity was broad-based, with both Germany and France experiencing a deterioration in activity across services and manufacturing sectors.
Official data from the last quarter showed that the euro zone…
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AUDUSD – solid Chinese data further boost post-Fed rally
AUDUSD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday.
The pair is trading…
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Mixed China’s economic data in November signal that more stimulus is needed
China's new home prices declined for the fifth consecutive month in November. Property investment also saw a significant drop of 9.4% in the January-November period, reflecting negative home buyer sentiment and challenges faced by indebted…
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