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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USDJPY on track for the biggest daily gain in months after bulls regained control
USDJPY bounced strongly on Tuesday and returned above 150 barrier, fully retracing pullback of past two days.
Corrective dip was short-lived and left a bear-trap under 149.03 (50% retracement of 147.29/150.77 upleg), signaling that…
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Bulls hold grip but may pause again under $2000 barrier
Gold keeps firm bullish tone and is on track for third weekly gain though the action remains capped just under psychological $2000 barrier.
Growing uncertainty over the conflict in the Middle East continues to fuel demand for safe-haven…
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Dollar index holds in extended consolidation but larger bulls remain intact
The dollar index remains constructive and holding near three-week high in early Friday, despite that the rally in past three days was rejected on Thursday (inverted hammer).
Short-term action holds in extended consolidation, entrenched…
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ECB keeps interest rates unchanged, says that talks about cuts are premature
The European Central Bank left interest rates unchanged at record high of 4%, in line with expectations and signaled that uninterrupted streak of 10 consecutive rate hikes (4.5% increase in total) might be coming to its end.
Positive…
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USDJPY rises above 150 for the first time in one year
USDJPY is establishing above psychological 150 barrier after registering a first daily close above this level in one year on Tuesday.
Fresh rise of the dollar on growing signals that interest rates would remain elevated for some time,…
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GBPUSD – risk aversion continues to pressure
GBPUSD fell to the lowest in three weeks in early Thursday, pressured by renewed risk aversion on growing concerns that interest rates would stay high for longer period.
Bear-leg off 1.2288 (Oct 24 lower top) extends into third straight…
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