Euro keeps firm tone and looks for extension of Friday’s 1% advance
EURUSD is consolidating Friday’s 1.03% advance (the biggest daily rally since July 12) but keeping firm bullish tone for further advance.
Soft US jobs data and less hawkish Fed deflated the US dollar, lifting the Euro to the highest…
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Dollar loses ground after NFP miss
The dollar index was sharply down after disappointing US labor report, hitting the lowest in six weeks and falling around 1.8% in early US session on Friday, on track for the biggest daily loss since 10 Nov 2022.
NFP miss and higher…
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US non-farm payrolls fall below expectations in October
Closely watched US labor report showed less than expected jobs created in October, cooling wage growth and higher unemployment, signaling an easing in US labor market conditions.
Non-farm payrolls increased by 150,000 in October, the…
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Cable stands at the front foot ahead of US labor report
GBPUSD remains steady in European trading on Friday and attempts above 1.22 mark, in extension of Thursday’s rise, sparked by BOE’s decision, which markets saw as a hawkish hold.
Better than expected UK Oct Services PMI (although the…
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US Federal Reserve and Bank of England kept interest rates unchanged but left the door open for…
The US Federal Reserve and the Bank of England held their policy meetings on Wednesday and today and both kept their key interest rates unchanged, in line with expectations.
Inflation in the US regained traction in past three months and…
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Euro regained traction on weaker dollar, NFP data eyed for fresh signals
EURUSD bounced on Thursday after two-day drop was strongly rejected on signals that the US Federal Reserve kept policy unchanged and signaled that the job with rate hikes is likely done, which deflated the US dollar.
Additional pressure…
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Dollar eases on signals of likely peak in US interest rates
The dollar index started trading with gap-lower and edged lower in early Thursday, deflated by dovish Fed.
The US central bank stayed on hold in its November’s policy meeting, in line with expectations, adding to growing potentials that…
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Euro weighed down by growing recession risk, all eyes on Fed
EURUSD extends steep drop into second day and fell to one week low, deflated by weak economic data and higher dollar.
The single currency came under pressure after disappointing EU GDP data which showed that bloc’s economy contracted by…
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Gold is consolidating after failure at $2000 barrier, Fed policy decision and geopolitics eyed for…
Gold remains at the back foot for the third consecutive day, following another failure to sustain gains above psychological $2000 level.
Yellow metal ‘s price hit new multi-month high at $2009 last Friday, but subsequent return below…
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WTI OIL – bears are pausing above pivotal supports ahead of key economic releases
WTI oil is consolidating within a narrow range early Wednesday after almost 4% drop in past two days which cracked pivotal $81.00 support zone (100DMA (50% retracement of $67.02/$95.00 ascend.
Fresh bears faced increased headwinds in…
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