Gold takes a breather under new record high ahead of Fed rate decision
Gold price edged lower in European trading on Tuesday as bulls take a breather after hitting new record high on bullish acceleration in past three days.
Overbought daily studies contribute to a partial profit taking, but dips are likely…
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Euro rises further on weaker dollar
EURUSD rises for the third straight day, benefiting from weaker dollar on speculations of the magnitude of Fed’s rate cut on Wednesday.
Recovery leg from a higher base (formed after a double rejection just above psychological 1.10…
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USDJPY falls to the lowest in over one year after violation of key supports
USDJPY fell to the lowest levels since July 2023 in early Monday trading as fresh acceleration lower broke pivotal supports at 140.77 (weekly cloud base) and 140.48/25 (Fibo 61.8% of 127.22/161.95 rally / Dec 28 low) and moved below…
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Gold extends its sharp rally into uncharted territory and approaches $2600 target
Gold continued to trend higher on Friday and hit new all-time highs, being the top performer in the market for the second consecutive day and on track for a weekly gain of around 3.3%.
Fresh acceleration higher was sparked by almost…
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Dollar index eyes Fed decision for fresh direction signals
A quick change in sentiment pushed the dollar index price to the lowest of the week in European trading on Friday, after it hit weekly high on Thursday afternoon, just ahead the US data which deflated the dollar.
The price action has…
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USDJPY – bears hold grip and crack pivotal support zone
USDJPY remains firmly in red and cracked pivotal Fibo level at 140.48 (61.8% retracement of 127.22/161.95), the upper boundary of 140.48/00 key support zone, after renewed weakness in past two days fully offset positive signal from…
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Gold hits new record high
Gold price entered uncharted territory again on Thursday, after fresh acceleration higher (the price was up slightly above 1% in early US trading) was sparked by US economic data which added to expectations for Fed rate cut next week.…
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ECB cuts interest rates by 0.25% as expected and provides no signals on next steps
The European Central Bank cut interest rates by 25 basis points to 3.50%, in a widely expected decision.
The second rate cut since June suggests that the ECB entered easing cycle, although the central bank did not provide any significant…
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EURUSD awaits ECB’s verdict
EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision.
The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut.
With…
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Cable cracks psychological 1.30 support after US inflation data
Cable accelerated lower after US inflation data on Wednesday and hit the lowest in three weeks, pressuring psychological 1.30 support.
US inflation data were mainly in line with expectations, but core CPI showed signs of stickiness,…
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