02.07.2022
Chicago 12, Melborne City, USA
Politics

Will Japan’s CPI Inflation Data Move the Yen?

The Bank of Japan has been the black sheep of all central banks, rigidly denying abandoning its ultra-easy monetary policy even if the long-sought inflation pressures have finally shown up in the economy. Investors, however, are less patient than the BoJ, and have already started to bet against it, making Friday’s inflation figures quite important […]

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Politics

AUD / USD: Aussie Remains in Red as Weak Data Boost Growth Slowdown Fears:

The Aussie dollar holds in red for the second consecutive day, following a double-rejection under psychological 0.70 barrier and came under increased pressure on downbeat economic data. Australia’s composite PMI which tracks activity in manufacturing and services sectors, fell to 52.6 in June from 52.9 in May, raising fears about economic growth slowdown. Fresh… AUD […]

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Scalping

The United Kingdom does not have access to any data and crypto portfolios:

The British government has decided not to rely on data from its portfolio of non-hosted cryptocurrencies. Second, the online publishing guide, and cryptocurrency portfolios not hosted, not only reported to the United Kingdom Tesor department. Consequently, private portfolios can make transactions without the need to dispose of KYC functionality. However, the British government has reserved […]

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Business

EUR / USD Slides to around 1.0520 Before Eurozone Inflation Data

EUR / USD price action slides to about 1.0520, during a change in the risk-off push. However, traders are waiting on the publication of the Eurozone HICP and the Fed: Powell’s Statement for directions. A preparatory assessment of Eurozone HICP is a stabilization of the previous publication. The Euro area upward forces have swapped attention […]

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Business

AUD / USD Focuses on 0.7000 During Risk-off Mood, and Australian Employment Data

AUD / USD gets to lower price levels around 0.7030, after its renews its 3-weeks low. Bad news from China combined with risk-avoiding moves supported the downward forces. This caused the AUD / USD to drop for 4-days straight. However, the AUD / USD pairs risk gauge losses can be related to rising anxieties of […]

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Politics

EUR / USD: Euro Stands at the Back Foot ahead of Today’s Key Event – US Inflation Data:

The Euro is trading within a narrow consolidation in European session on Friday, but keeps negative tone, following 0.92% post-ECB drop on Thursday. The single currency lost ground as traders were disappointed by a lack of firmer signals from the ECB about more aggressive steps in the coming months, which were widely anticipated ahead of […]

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Politics

US CPI Preview – A Playbook on the Worlds Most Important Data Point:

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Politics

GBP / USD: Cable Remains Constructive But Downside Still Vulnerable; US Jobs Data in Focus:

Cable is moving within a narrow range in early Friday and remains constructive after Thursday’s 0.75% advance. Technical picture is mixed, as moving averages of 10/20/30 days are conflicting, bullish momentum is weaker and RSI neutral. Falling daily Ichimoku clouds weighs, along with a double-top pattern forming on weekly chart and warning of recovery stall. […]

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Politics

Dollar Dips Mildly after Poor ADP Job Data:

Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is… […]

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Politics

GBP / USD: Pound Eases on Weak Data, Firmer Dollar:

Cable holds in red on Tuesday, as dollar rose on month-end demand, while weaker than expected UK mortgage approvals data added to negative near-term tone. Traders also worry that soaring inflation may significantly hurt consumer demand that would further pressure pound. Daily momentum indicators turn south and stochastic emerges from overbought territory, generating initial negative… […]

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