post2 bullcapitaltrading

EURGBP – Drops to Two-Year low

EURGBP, Daily The December Eurozone Preliminary Inflation Estimates continued to record higher above the ECB’s 2% target for the sixth month, at 5% from the 4.9% seen in November, compared with forecasts of 4.7%. Energy prices once again saw an increase of 26% per year. The key Core CPI data…
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post5 bullcapitaltrading

EURUSD : Week January 10-14

EURUSD, H4 EURUSD was up +0.55% on Friday on fears the record rise in Eurozone consumer prices will force the ECB to tighten policy sooner than expected. December EZ CPI rose a record +5.0% y/y (data from 2001), stronger than the expected +4.8% y/y. EURUSD also found support after EZ Nov…
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post3 bullcapitaltrading

Crude Oil: Scope for further decline

CME Group’s advanced figures for crude oil futures markets noted open interest rose by around 5.4K contracts at the end of last week, extending the ongoing uptrend. Volume, instead, reversed five consecutive daily builds and shrank by around 190.7K contracts. WTI needs to clear $80.00 to allow for extra gains…
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post4 bullcapitaltrading

PBOC sets USD/CNY rate at 6.3653

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3653 on Monday while comparing to the previous fix and the previous close at 6.3742 and 6.3777 respectively. It’s worth noting that the PBOC withdrew the most fund from the market since November in the last week. “China’s…
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post1 bullcapitaltrading

Market Update – Cautiousness ahead

Inflation worries and the Fed’s hawkishness prompted buying in shares like banks that usually perform well in a high interest rate environment, while high-growth stocks were routed. Share markets have made cautious gains so far today as the US jobs report gave the green light to investors to count down…
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post6 bullcapitaltrading

NZD/USD recovered losses

The New Zealand dollar advances some 0.46% as the North American session ends. A risk-off market mood was no excuse for the NZD to gain vs. the USD. NZD/USD Technical Outlook: Downward biased as long as it remains below 0.6859. On Friday, the New Zealand dollar trimmed some of its…
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post7 bullcapitaltrading

AUD/USD volatile, upper in dollar 0.7100s

AUD/USD has been choppy on Friday in wake of a mixed US labour market report. The pair is now trading in the 0.7180s having dipped as low as the 0.7130s. The dollar weakened broadly despite the jobs report spurring upside in yields on Fed tightening expectations. AUD/USD was choppy on…
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