Gold eases after another failure above $2000 but overall picture remains bullish for now
Gold edged lower on Monday, deflated by renewed risk appetite after the Fed toned down its hawkish stance and softer than expected US labor data signaled that current policy tightening cycle is close to its end.
Recent multiple failure…
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USDJPY remains biased lower but fresh bearish signals need further confirmation
USDJPY is consolidating after a three-day pullback from new multi-month high (151.72) resulted in another failure to register weekly close above psychological 150 barrier (basically the pair last time closed the week above 150 level in…
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AUDUSD – bulls hold grip but look for fresh direction signal from RBA’s decision
AUDUSD remains constructive and consolidating around 0.65 level on Monday, after 2.8% surge on Friday, sparked by weaker than expected US labor data which deflated US dollar on fading prospects of further rate hikes and holding high…
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GBPUSD – risk appetite lifts the pair to seven-week high
GBPUSD bulls held grip at the start of the week and cracked psychological 1.2400 barrier, in attempts to extend Friday’s nearly 1.5% advance.
Fresh risk appetite gave strong boost to sterling, in addition to BOE’s hawkish stance despite…
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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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