Cable falls sharply on political turmoil in UK
British pound fell across the board on Wednesday following fresh political storm in the UK, after finance minister Reeves’ budget plan was strongly hurt by a series of significant changes in welfare reform bill that undermined the position…
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DOLLAR INDEX – bears consolidate above multi-month low as markets await releases of key US…
The dollar index edged higher from new 3 ½ low on Wednesday, after US JOLTS report surprise jump brightened near term outlook and prompted a partial profit taking
Bounce was so far limited as the dollar remains pressured by uncertainty…
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GOLD – fresh rally provides temporary relief and boosts optimism
Recovery leg from $3246 (June 30 low) extends into second consecutive day and accelerated on Tuesday, recovering over 50% of the fall seen in past two weeks.
Weaker dollar on fresh tariff uncertainty as Trump’s July 9 deadline nears and…
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USDJPY – bears accelerate
Bears accelerated on Tuesday and probe below 143 handle following breach of Fibo support at 143.23 (61.8% retracement of 139.88/148.64 uptrend.
The downtrend from June 23 spike high (148.02) remains firmly in play and keys supports at…
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AUDUSD – larger bulls take a breather under new 2025 peak
AUDUSD trades within a narrow consolidation under new 2025 high (0.6563) for the second consecutive day and keeps firm bullish stance for now.
Technical picture remains firmly bullish on daily chart (the action is underpinned by thick…
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Gold bounces from one-month low but recovery still hold below initial barriers
Gold bounced from one-month low ($3247) on Monday, lifted by weaker dollar and partial profit-taking from 5% drop in past two weeks.
The yellow metal showed limited positive reaction on recent war between Israel and Iran but fell two…
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Gold loses ground on fading safe haven demand
Gold accelerated lower (down almost 2%) on Friday after losing solid supports at $3300 zone, which previously contained several attacks.
The metal lost ground on sharply fading geopolitical tensions, as well as growing positive signs of…
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EURUSD continues to trend higher and hit new 2025 highs
EURUSD extends steep ascend into fourth consecutive day and hit new 2025 high (also the highest since Sep 2021) on Thursday.
Revived risk appetite on signs that the ceasefire in Middle East was so far stable and weaker dollar on fresh…
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Gold – extension of recovery from $3300 support brightens near-term picture
Gold extends recovery from strong support at $3300 zone, where recent drop was contained, with formation of bear-trap pattern on daily chart, adding to bullish near-term outlook.
Weaker dollar and fresh concerns over renewed clash…
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Cable keeps firm tone, further gains likely after consolidation
Cable remains steady and holds within a narrow consolidation just below new multi-month high (1.3648), posted on Tuesday, following strong bullish acceleration in past two days.
Revived risk appetite on growing confidence in still…
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