FX

CME Group’s flash data for crude oil futures markets noted open interest increased by around 12.7K contracts after four consecutive daily pullbacks. In the same line, volume reverses three drops in a row and rose by just 950 contracts. WTI faces some consolidation near term Monday’s negative price action in WTI was accompanied by rising
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After confirming that coronavirus-related restrictions will be eased further as planned on July 19, British Prime Minister Boris Johnson noted that the pandemic is not over and urged people to proceed with caution, as reported by Reuters. “We cannot simply go instantly to life as it was before COVID,” Johnson told a news conference and asked
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In opinion of FX Strategists at UOB Group, EUR/USD is now expected to navigate between 1.1790 and 1.1895 for the next weeks. Key Quotes 24-hour view: “EUR traded between 1.1823 and 1.1881 last Friday, slightly higher than our expected range of 1.1820/1.1875. Upward momentum has improved a tad and EUR could edge higher to test
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The European Central Bank’s (ECB) new strategy on inflation targeting allows more flexibility and preparedness for a future crisis, the central bank’s policymaker Yannis Stournaras said in an opinion column in Greece’s Kathimerini newspaper. Additional comments “I express the belief that we are better prepared to face any future economic turmoil.” “Compared to the current
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Commenting on the inflation outlook, the European Central Bank (ECB) executive board member Isabel Schnabel said Saturday that she is very confident that Eurozone will not experience ‘excessively high inflation.” Key quotes “Our medium-term inflation projection is subdued: only 1.4% in 2023. Though that is surrounded by uncertainty, I am sure that we will not experience excessively
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GBP/USD outlook: Bulls regain traction but more evidence needed to signal reversal Cable regained traction on Friday after negative tone prevailed during this week, with three-day drop ending with a hammer candle that generated initial bullish signal. Fresh advance nearly fully reversed losses of this week but needs lift above pivotal barriers at 1.3887/97 (falling
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USD/CAD gains almost two hundred pips from European session lows. Loonie among worst G10 performers, hit by reversal in crude oil prices. The USD/CAD rose further and reached at 1.2494 the highest intraday level since April 23. The combination of a stronger US dollar and the decline in crude oil prices boosted the pair. Sharp
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The Consumer Price Index rose by 1.94% in June in Turkey surpassing expectations; the annual rate reached 17.53%. Analysts at BBVA expect inflation to hover around 18.5% till November and end the year at near 16% with base effects. Key Quotes:  “Core inflation reflected the continuing exchange rate pass-thru impact and strengthening supply-side factors after
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The rising trend in Eurozone’s inflation may not be temporary, the European Central Bank (ECB) Governing Council member and Dutch central bank President Klaas Knot said in an interview published in NRC Handelsblad on Sunday. Key quotes “We should not over-estimate our ability to determine what is temporary inflation and what is not.” If that
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CareDx, CrowdStrike, Fate, Therapeutics, HDFC Bank, Spotify Elliott Wave Technical Analysis: Elliottician is Alessio Barretta TradingLounge CareDx Inc.,CDNA: Daily Chart, We were expecting an incoming wave 4. CrowdStrike Inc.,CRWD: Daily Chart, we were expecting further upside to continue wave iii) Fate Therapeutics IncFATE: Daily Chart, We were expecting a resumption of the trend to start wave iii) HDFC
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