USDJPY – bulls take a breather at psychological 160 barrier
USDJPY trades just under ten-month high on Thursday, after bulls faced headwinds at psychological 160 barrier which caps the action for the second straight day.
Partial profit taking after strong rally on Tue/Wed (the biggest two-day…
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Brent price bounces from multi-week low on partial profit taking / worsening geopolitical situation
Brent oil price rose over $3 on Wednesday on a partial profit taking after three-day fall (about 10% loss).
The bounce was signaled by long-tailed Tuesday’s daily candle and a bear-trap under psychological $90 support, where larger bears…
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Dollar rises further on more hawkish Fed policy outlook
The dollar rallies for the second straight day and hits the highest levels in almost one month On Wednesday morning.
Hotter than expected US inflation in October added to existing expectations for Fed rate hike in December and lifted…
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US inflation rises above expectations in October
US consumer prices rose 0.4% in October, down from 0.6% previous month but ticked above 0.3% forecast.
So called core inflation, excluding the volatile food and energy components, rose 0.3% last month, unchanged from September, but beat…
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EURUSD – recovery continues to face headwinds at the multi-week range ceiling; US inflation…
The Euro keeps firm tone and holds in the upper side of the multi-week range in Tuesday morning, with strong recovery extending into second straight day to almost fully retrace last Thu/Fri sharp fall.
Fresh risk appetite lifted the…
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Gold regains traction on easing inflation concerns
Gold regained traction and probes again through $4100 barrier, following last week’s strong rejections on both sides (daily candles with long upper shadow on Thursday and with long tail on Friday) that kept the price in near-term sideways…
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BTCUSD – bears hold grip but face headwinds from 200DMA support
BTCUSD remains in red and trades near new multi-week low (73532) hit after 2% drop on Sunday.
Cryptos were hurt by attack at Binance last week, with further pressure coming from growing worries that US Democrats may impose tougher…
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US nonfarm payrolls surge in October pointing to resilient labor market
US nonfarm payrolls rose well above expectations in October signaling that the labor market strengthened further and made the position of the Federal Reserve more comfortable in potential further tightening of the monetary policy.
NFP…
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NASDAQ pauses after heavy losses, near term outlook remains negative below 200DMA
Nasdaq edged higher on Friday morning, consolidating heavy losses of the previous day, after tech-led index collapsed on Thursday, losing over 7% of its value in one day.
Shockwaves after US Democrats regained full control of the…
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Bank of England raises interest rates for the first time in three years, signals further tightening
The Bank of England raised interest rates by 25 basis points to 4% on Thursday, with today’s action marking the first rate hike since 2023.
The Monetary Policy Committee voted 8-1, with one policymaker voting for a bigger hike that…
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