AUDUSD hits four-month high, overbought studies warn that bulls may start losing traction
AUDUSD extends the latest upleg from 0.7121 higher low into fifth consecutive day, underpinned by growing expectations for RBA rate hike at the policy meeting on Sep 29.
The latest comments from RBA policymaker underlined bank’s strong…
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Brent price nears $100 per barrel on fresh escalation in the Middle East
Brent hit new multi-week high on Tuesday following fresh escalation in the Middle East which threatens to further disrupt a tiny flow through the key Strait of Hormuz supply route.
The price neared psychological $100 barrier after…
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Japanese yen extends gains, hits the highest in over six months
USDJPY accelerated lower at the start of the week (down over 1% in Asian / European trading on Monday), attempting to resume a sharp fall of last week, which made a brief pause on Friday.
Japanese yen was lifted from its multi-decade…
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Gold falls almost $100 on upbeat US payrolls data
Gold fell almost $100 on Friday following surprise surge in US nonfarm payrolls that eased worries of US policymakers and boosted expectations of rate hike on Sep 16 policy meeting.
Upbeat US labor data pushed the metal’s price down to…
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US nonfarm payrolls surge in August and contribute to Fed rate hike expectations
US Nonfarm payrolls unexpectedly surged by 162,000 in August, well above median forecast for 55,000 increase and against upwardly revised July figure to 21,000 from initially reported -23,000.
The same report showed that unemployment was…
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EURJPY – steep fall extends into second straight day and accelerates
EURJPY extends steep fall into second consecutive day (down 1.3% durian Asian / European trading on Thursday), losing so far over 2%.
Fresh strength of Japanese yen was sparked by hawkish narrative of Japanese officials which points to…
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USDJPY – hawkish BoJ and speculation of another intervention were likely behind today’s…
USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier.
The latest hawkish shift from…
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BRENT OIL – bulls take a breather after almost 5% rally on Tuesday, psychological $100 barrier…
Brent consolidates under new multi-week high ($96.99) on Wednesday, following 4.7% rally on Tuesday (the biggest one-day gain since July 23) sparked by renewed hostilities between the US and Iran.
Growing worries about global supply, due…
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Eurozone inflation rises in August and adds pressure on ECB for another rate hike
Eurozone inflation jumped to 3.3% in August (the highest since September 2023) from 2.9% in July, as renewed tensions in the Middle East lifted energy costs and increased upward pressure on prices.
Although core inflation, excluding…
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The Hidden Psychology Traits of Top Traders: What No One Talks About
In the ever-moving trading landscape where headlines deliver breaking news, social media pushes the latest trading trends and smartphones constantly beep with market notifications, it is undoubtedly easy to lose focus and deviate from your…
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