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The Bank of England cut interest rates by 25 basis points to 5% on Thursday, aligning with forecasts, after British consumer price inflation returned to the BoE’s 2% target in May and remained there in June, down from a multi-decade high of…
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USDJPY continues its steep decline, breaking through the psychological 150 support and reaching its lowest level since mid-March in early Thursday trading. The dollar was weakened by a dovish Federal Reserve, which kept interest rates…
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GBPJPY dropped 1.7% on Wednesday, continuing its steep downtrend and heading for the biggest daily drop since July 12, 2023. This decline follows the Bank of Japan's rate hike, which further strengthened the yen, while the sterling remains…
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EURUSD rebounded on Wednesday after repeatedly testing the 1.0800 support zone (50% retracement of the 1.0666/1.0948 rally / daily Kijun-sen), indicating the formation of a bear trap. The fresh gains were driven by higher-than-expected…
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Euro zone inflation unexpectedly rose in July, ticking up to 2.6% from 2.5% in June, surpassing forecasts that anticipated an unchanged rate. The core CPI, the ECB’s key measure of underlying price growth that excludes volatile components…
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The USDJPY accelerated lower in early European trading on Wednesday following the Bank of Japan's decision to raise interest rates from 0.10% to 0.25% and unveil a plan to halve its bond-buying program. This move boosted the yen's…
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The Bank of Japan’s unexpected decision to raise interest rates and reduce its massive bond-buying program marks a significant shift in its monetary policy stance. This move has various immediate and…
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The dollar index climbed to a three-week high on Tuesday, boosted by stronger-than-expected US JOLTS data and consumer confidence figures. These solid numbers reinforce the view that the US economy remains resilient, providing fresh…
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AUDUSD remains in extended consolidation around the base of a thick daily cloud (0.6538) and above the pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep decline over the past nine days. While the bears take a…
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EURUSD edged higher on Tuesday morning after Monday's significant drop was cushioned by strong support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and failed to close below the converged 55/200DMA’s…
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