BTCUSD extends steep fall below psychological 70K support
BTCUSD extends steep fall into second straight day, as bears accelerated after emerging below thick daily cloud on Monday (cloud base contained four consecutive attacks before break) to hit the lowest levels in nearly two months.
Fresh…
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Eurozone manufacturing sector continues to suffer from the war, while UK and US show more resilience…
Eurozone manufacturing sector continued to suffer from Iran/US war economic shock, which hurt demand for goods, while costs of raw materials rose at the fastest rate in four years, adding to growing inflation concerns.
Also, the reports…
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Brent price rises on fresh escalation in the Middle East
Brent oil price rose around 2% in early Monday trading (on track for the first daily gain after being eight days in red), following fresh escalation in the Middle East (escalation in Lebanon and fresh US attack on Iran and their subsequent…
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Gold -recovery picks up after strong downside rejection
Gold price rises for the second consecutive day, as the latest reports of an extension of ceasefire in the Middle East (although with pending approval from President Trump), brightened near-term outlook.
Thursday’s strong downside…
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Bitcoin accelerates lower and cracks important supports
BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day.
Fresh rise in oil prices on renewed tensions in the Middle East, was mainly…
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Brent oil hits one month low on the latest optimistic signals about potential peace deal
Brent oil fell over 5% on Wednesday on fresh optimism about potential end of US-Iran war and re-opening of Hormuz strait.
The price fell to the lowest in over one month, adding to growing bearish signals after the action was capped by…
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Gold remains at the back foot on fragile geopolitical situation
Gold holds in red for the second consecutive day on Wednesday and pressure the floor of seven-day range ($4453), also moving into lower part of short-term bear-channel (off $4889, mid-Apr peak).
Fading hopes of a peace deal in the Middle…
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EURUSD regains traction but faces a number of strong technical barriers
The Euro edged higher on Wednesday morning but still holds within a narrow range that extends into third straight day and below strong technical resistances.
Lack of clearer signals (geopolitical / macroeconomic) keeps near term action…
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USDJPY – thick daily cloud underpins strongly but traders cautious on looming intervention
USDJPY jumped on Tuesday as short-lived risk appetite was hit by renewed tensions in the Middle East that pushed the price to the upper side of a narrow near term range (158.80/159.35).
The action remains well supported by thick daily…
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Fresh risk appetite on US-Iran talks optimism deflates dollar
The dollar fell across the board at the start of the week, pressured by renewed risk sentiment on growing hopes of a deal between the US and Iran to reopen Hormuz strait and prevent deeper crisis on prolonged supply shortage.
Although…
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