US private payrolls fall below expectations in November – ADP
Private payrolls in the United States increased by 103,000 jobs in November, the ADP National Employment Report showed.
Last month’s figure fell short of expectations for 130,000 jobs added, indicating a slower pace of job creation,…
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WTI OIL – bears hold grip on demand concerns, OPEC+ decisions
WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months.
Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from…
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Cable – limited correction likely to precede fresh rise, US labor data in focus
Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the sentiment.
Traders await…
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EURGBP hits new multi-month low, but oversold studies continue to obstruct bears
EURGBP fell to three-month low early Wednesday, attempting to resume larger downtrend, after a brief consolidation in past two days.
Larger bears regained traction following a double rejection of recovery attempts and received fresh…
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AUDUSD falls further as RBA decision disappoints traders
AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian central bank to keep interest rates unchanged.
Although the RBA’s statement kept hawkish bias, traders…
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EU services PMI comes slightly better in November, but risk of recession persists
The latest survey on euro zone business activity suggests that while the downturn in business activity has eased, it still indicates that the bloc's economy is likely to contract again in the current quarter. This is particularly attributed…
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Reserve Bank of Australia left interest rates unchanged in December
The Reserve Bank of Australia has decided to keep interest rates steady at its December policy meeting, maintaining the cash rate at a 12-year high of 4.35%.
This decision was in line with market expectations, allowing the central bank…
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EURUSD – bears tighten grip and crack pivotal supports
Bears returned fully to game on Monday after Friday’s brief pause on Fed Powell’s remarks, pushing the Euro to the lowest in three weeks.
The pair slid over 0.5% until mid-US session and cracked pivotal support at 1.0818 (200DMA),…
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Fed to proceed cautiously with interest rates as recent measures show satisfying results –…
US Federal Reserve Chairman Jerome Powell, in his speech last Friday, said that the risks of slowing the economy too much versus not raising interest rates enough to control inflation have become more balanced, indicating the Fed's…
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WTI OIL price falls further on growing demand uncertainty
WTI oil price fell further and hit two-week low on Monday, as fresh weakness after last Thursday’s strong upside rejection and bull-trap above 200DMA extend into third straight day.
Last week’s recovery attempt stalled as markets were…
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