Fed minutes expected to give more clues about rate cut trajectory
The Federal Reserve's stance on interest rates is a significant point of uncertainty as we enter 2024. The latest details on this matter may emerge from the readout of the last policy meeting of 2023, which took place in mid-December.…
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Bitcoin rallied to new multi-month high in the first trading day of 2024
Bitcoin started 2024 trading with gap-higher opening and surged near $46000, the highest levels since April 2022.
Fresh rally was sparked by growing optimism that US securities regulator would soon approve exchange traded spot bitcoin…
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Dollar index – bears pause for correction, EU inflation and US labor reports eyed for fresh…
The dollar index accelerated higher on the first trading day in 2024, extending bounce from five-month low of Dec 28 (100.30) into third consecutive day.
Traders collected some profits from the broader downtrend, pushing the dollar’s…
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EURUSD – extended pullback is pressuring pivotal supports
EURUSD keeps negative tone in the first trading day of 2024 and extends pullback from a multi-month high (1.1139) into third consecutive day.
Break through initial support at 1.1041 (Fibo 23.6% of 1.0723/1.1139 upleg) extended through…
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AUDUSD hits fresh 5-month high
AUDUSD continues to trend higher and hit its highest point in five months, during European trading on Wednesday.
Lift above the upper boundary of a larger bull channel generated bullish signal which was reinforced by Tuesday’s close…
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US inflation eases further below 3% in November – PCE
US inflation, as measured by the personal consumption expenditures price index, fell 0.1% last month after being unchanged in October,
while annualized PCE price index increased 2.6% after rising 2.9% in October, when it fell below 3%…
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EURUSD – bulls probe again above 1.10 barrier; US inflation data eyed for fresh signals
EURUSD keeps firm tone on Friday and probes through Nov 29 peak at 1.1017, following Thursday’s 0.65% advance, which registered the first daily close above psychological 1.10 barrier since early August.
Fresh sales of the US dollar ahead…
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Recession fears grow as UK economy contracts in Q3
UK gross domestic product contracted by 0.1% in the third quarter, after expanding 0.2% in Q2 and against estimation that the economy was unchanged from the previous three months.
Data suggest that Britain's economy might be in a…
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Turkish central bank raises rates by 250 basis points to 42.5%
The Central Bank of Turkey has announced another increase in its key interest rate, raising it by an additional 250 basis points to 42.5%. This decision was in line with expectations and reflects the ongoing effort to combat soaring…
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Dollar index – bears pause ahead of US inflation data
The dollar index is moving in a narrow range in early Thursday, as holiday-thinned conditions slow the action and markets await key event for the dollar this week - release of US inflation data (PCE index) on Friday.
Near-term action is…
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