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Thursday, January 28, 2021

Data

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Dollar index rises ahead of blockbuster US Q3 GDP data

The US dollar index (DXY) is rising today as traders wait for the first estimate of US Q3 GDP. Analysts expect the data to show...

GBP/USD turns higher after sluggish UK inflation and public debt data

The GBP/USD pair is rising as the market reacts to UK inflation data. Consumer prices in the UK rose by 0.5% in September while the...

US dollar index falls ahead of housing starts data

The US dollar index declined as investors continued focusing on stimulus talks between White House and Pelosi. Analysts believe that the deal is not possible...

AUD/USD forms bearish flag after impressive China GDP data

The AUD/USD pair formed a bearish flag pattern as investors react to China GDP data. The country's economy expanded by 4.9% year-on-year in the second...

Upside bias after disappointing Singapore exports data

The USD/SGD pair is little changed today as traders react to the latest Singapore trade numbers. Singapore's non-oil exports rose by 5.9% in September, lower...

US dollar index rallies ahead of mild retail sales data

The US dollar index (DXY) is rallying as the market reacts to the rising number of Covid-19 cases. Cases have been rising in European and...

Crude oil prices recover on robust data from China

China imported 11.8 million barrels per day (BPD) of oil in the last month, 5.5% higher than in August Oil demand is driven primarily by...

EUR/USD falls after weak German and US consumer inflation data

The EUR/USD pair declined today as investors reacted to German and US inflation data. US consumer prices increased to 1.4% while the core CPI to...

GBP/USD wavers after weak UK GDP data

The GBP/USD is little changed as investors react to the latest GDP data from the UK. The economy grew by 2.1% in May, lower than...

Yuan above fixing rate after strong China services PMI data

The USD/CNY is above the official fixing rate of 6.7796 as investors react to the strong services data. Numbers from Caixin showed that the services...
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