Cable weakens on downbeat UK earnings data; inflation report in focus
Cable pulls back in European trading on Tuesday, erasing a good part of Monday’s 0.65% jump, pressured by weaker than expected UK pay growth data, which increases pressure on those advocating for another BoE rate hike.
Markets await…
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Gold – bulls take a breather after strong rally on Friday
Gold pulled back from new highest in nearly one month on Monday, as traders collected some profits from last week’s 4.4% advance (only on Friday gold gained 3.3%).
The yellow metal rose sharply previous week, as growing uncertainty amid…
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Gold rises further and on track for the biggest weekly gains in over six months
Gold price rose to the highest in more than two weeks on Friday, as bulls regained control after pausing on Thursday, following short-lived drop, inspired by higher than expected US inflation in September.
Prevailing view that Fed’s…
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EURUSD – increasing risk of further weakness
EURUSD is consolidating in early Friday after nearly 0.9% drop on Thursday, sparked by higher than expected US inflation in September, which revived concerns that the fight with inflation is not over yet and added to expectations that the…
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Dollar regains traction on higher than expected US inflation in September
The dollar advanced across the board on Thursday after inflation in US rose above expectations in September, adding to prospects that the Federal Reserve may keep high interest rates for some time.
US consumer prices increased by 0.4%,…
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Israeli Shekel at multi-year highs, central bank ready to intervene
The USDILS remains elevated and holding near multi-year high (3.9580) posted after strong upside acceleration in past couple of sessions.
Shekel fell sharply on Monday (the biggest one-day loss in 3.5 years) after the situation escalated…
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GBPUSD remains constructive despite weak UK data
Cable is holding around 1.23 handle in early Thursday, after repeatedly cracking pivotal barrier at 1.2328 (Fibo 38.2% of 1.2800/1.2037 bear-leg, reinforced by falling 30DMA), but the action remains within a narrow range and with limited…
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Gold – bulls tighten grip ahead of FOMC minutes / US inflation report
Gold price rose to the highest in almost two weeks on Wednesday, as bulls regained traction after pausing on Tuesday.
Gold rose on the latest crisis in the Middle East, as high uncertainty and threats of escalation prompted investors…
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USD INDEX – bears pause and look for fresh signals from FOMC minutes/inflation report
The dollar index remains at the back foot after a continuous five-day fall, but the range narrows on Wednesday, as traders await release the minutes of FOMC last policy meeting to get more clues on the central bank’s rate outlook for coming…
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EURUSD remains constructive and eyes pivotal Fibo barrier, FOMC minutes in focus
EURUSD regained traction in early European trading after a quiet Asian session and keeps bullish near-term stance.
Recovery leg from new yearly low (1.0448, Oct 3) extends into sixth straight day, with the action being supported by…
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