Gold cracks $3000 milestone
Gold broke above psychological $3000 barrier on Friday. Historical move through a milestone came a bit faster than expected, although I predicted this in my comments and live presentations last year, as a bigger picture, particularly…
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EURGBP – pullback needs to register close below key supports to validate reversal signal and…
EURGBP eases for the second day, with fresh weakness from new multi-month high being boosted by the latest threats that the US would impose 200% tariff in imports of wine from the EU, if the union does not ease tariffs on US whiskey.
The…
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Cable – bulls pause under 1.30 barrier but hold grip
Cable edged lower on Thursday but remains constructive near new multi-month high (1.2989) and psychological 1.3000 barrier.
Limited dips on Wednesday / today, support the notion, as weak dollar continues to underpin pound’s advance,…
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Gold price nears new record high as growing uncertainty continues to fuel safe haven demand
Gold price rose further on Thursday and pressure all-time high $2956 (Feb 24) after fresh post-US CPI acceleration took out last significant barriers at $2926/30.
Growing fears of economic slowdown on escalating trade war that…
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US inflation rises less than expected in February but economists remain concerned about negative…
US inflation rose below expectations in February, with monthly consumer prices increasing 0.2% compared to 0.5% increase previous month and slid below 0.3% consensus, while annualized inflation was up 2.8% in 12 months through February,…
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Gold remains constructive, eyes US CPI data / tariffs for fresh signals
Gold price is held in a narrow range on Wednesday morning and pressuring near-term congestion ceiling ($2930).
Near term bias is expected to remain with bulls while the action stays above psychological $2900 level, although daily…
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US job openings rise above expectations in January – JOLTS
US JOLTS report, released on Tuesday, showed that job openings increased in January, although the outlook could be darkened by expectations that demand for labor is likely to soften in coming months, due to growing uncertainty over import…
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WTI oil – consolidation / limited correction to precede fresh push lower
WTI oil price bounces on Tuesday following repeated downside rejection at key support at $65.26 (Sep 10 low), but recovery is likely to be limited, as larger picture is bearish and fundamentals predominantly negative.
Oil sentiment is…
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USDJPY – larger bears to resume after consolidation
USDJPY falls further on Monday, as dollar remains under increased pressure on tariffs uncertainty and growing threats of recession, while growing safe haven demand and signals of further rate hike as BoJ is coming close to its 2% inflation…
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EURUSD – bulls likely to take a breather after last week’s strong gains
The Euro keeps firm tone on Monday after surging over 4% last week and consolidating near new four-month high.
The single currency continues to ride on a fresh wave of dollar’s weakness, with last week’s gains being the biggest since the…
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