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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USD INDEX recovers after repeated failure at strong Fibo support
The dollar regains traction and bounces from five-week low on Thursday, following repeated failure at pivotal Fibo support at 101.13 (38.2% of $98.55/$102.72), with repeated close above this level, to form a bear trap and generate initial…
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BRENT – bears take a breather after 15% drop in past three days, broken $100 level reverts to…
Brent edges higher in early Thursday’s trading after suffering heavy losses in past three days (only on Wednesday Brent lost over 9% of its value).
Partial profit taking lifted the price from new multi-week low ($93.40) after a sharp…
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Oil Trading: The Complete Handbook for Serious Investors
As the main energy source worldwide, oil has a unique standing in global trade, economics and politics. The drilled raw material accounts for about 3% of the world economy and changes in international relations, finance, or the energy…
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Gold bounces back above $4K in post-US election rally
Gold gained almost 3% in early Wednesday’s trading, in immediate reaction to the victory of US Democratic party in the midterm election.
Growing uncertainty about political action after Democrats regained full control of the US Congress,…
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RBA raises interest rates for the fifth time this year but signals a pause in tightening cycle
Reserve Bank of Australia raised interest rates by 25 basis points in its November monetary policy meeting, in line with expectations.
The central bank lifted its cash rate from 4.60% to 4.85%, the highest level in nearly two decades.…
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