ForexLive European morning FX news wrap: Euro adds to gains after hawkish ECB tilt 0 (0)

Headlines:Money markets now price in a 50 bps rate move from the ECB by the end of the yearOil continues to impress as the run higher gathers more legsGoldman Sachs expects ECB to start hiking rates in SeptemberECB survey sees inflation falling back below target next yearEurozone December retail sal

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Oil continues to push higher on the day, where to next? 5 (1)

From a technical perspective, it is hard to go against the rise/break in oil prices at the moment.

WTI crude is trading to its highest since 2014 and there isn’t any clear resistance all the way through to $100 perhaps next. However, there is still plenty of food for thought despite the technical

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Eurozone December retail sales -3.0% vs -0.5% m/m expected 0 (0)

Prior +1.0%Retail sales +2.0% vs +5.1% y/y expectedPrior +7.8%Euro area retail sales were much weaker than estimated in December as rising consumer inflation may be starting to take a toll on spending/consumption despite it being the Christmas shopping season. Retail sales of non-food products fell

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