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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Cable rallies on hawkish BoE
GBPUSD kept positive tone in early Thursday, after being boosted by weaker dollar on dovish Fed on Wednesday and accelerated higher on more hawkish than expected Bank of England.
Fresh strength emerged from 1.2500 zone where recent…
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Bank of England keeps interest rate unchanged and sidelines rate cut speculations
The Bank of England’s Monetary Policy Committee voted 6-3 to maintain interest rates at 5.25%, which is a 15-year high. This decision was in line with expectations.
The BoE emphasized that borrowing costs need to remain high for an…
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GOLD price establishes above $2000, lifted by weaker dollar
Gold extended recovery on Thursday, following 2.4% rally on Wednesday (the biggest one-day gains since Oct 13), sparked by dovish Fed.
Strong bounce is forming reversal pattern on daily chart and generates initial signal of an end of…
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EURUSD stands at the front foot ahead of ECB policy decision
The Euro stands at the front foot on Thursday, supported by weaker dollar, which got under increased pressure after the Fed signaled and end of a tightening cycle and rate cuts in 2024.
Extended recovery from 1.0723 (correction low) hit…
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Dollar index hits 4-month low, deflated by dovish Fed
The dollar index remains firmly in red and holding near fresh four-month low in early trading on Thursday, following post-Fed 1.2% fall on Wednesday (the biggest daily drop since Nov 14).
The greenback was deflated by signals that the…
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Fed likely to hold rates steady and possibly signal small decline in 2024
The Federal Reserve is widely expected to keep interest rates unchanged for a third consecutive time.
However, there is an anticipation that the central bank will signal a cautious approach to any future monetary policy easing,…
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