The European Central Bank raised interest rates by 0.25 basis points to 2.25% in its June policy meeting, delivering the first rate hike since September 2023, in attempt to act proactively and to keep a lid on inflation expectations, as…
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BRENT – bears hold grip despite fresh escalation in the Middle East
Brent oil price remains within a range between $90.00 and $95.00 for the fifth consecutive day despite renewed tensions in the Middle East and much stronger than expected draw in US crude inventories, as markets still do not see significant…
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GOLD continues to trend lower and pressure 2026 low
Gold hit the lowest in ten weeks on Wednesday, following fresh acceleration after breaking below the lower boundary of a bear-channel (which repeatedly contained attacks in few previous sessions).
Steep bear leg, the part of larger…
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US inflation rises for the third straight month in May, increasing pressure on Fed and President…
US consumer price index increased 4.2% (y/y) in May from 3.8% previous month and in line with expectations, while core inflation, stripped for the most volatile components, rose 2.9% from 2.8% in April, as economists predicted.
Inflation…
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USDJPY steadies above 160 on looming intervention
USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention.
Growing speculations about Fed rate hike this year continue to underpin the dollar that…
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BRENT OIL – daily cloud base came under increased pressure again after short-lived recovery…
Brent oil price jumped on Monday morning following an escalation in the Middle East (Israel attacked Iran’s energy infrastructure and Iran responded by a wave of attacks on Israel) but gains were short-lived, as the price fell on Iran’s…
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GOLD may take a breather above bear-channel support line to position for fresh push lower
Gold remains firmly in red on Monday and hit 2 ½ month low on Monday, in extension of Friday’s 3.2% drop (the biggest daily loss since March 19).
Upbeat US May jobs data added to growing Fed rate hike expectations while fresh escalation…
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Dollar index hits nine-week high on growing Fed rate hike prospects and geopolitical tensions
The dollar keeps firm tone and hits new nine-week high on Monday, extending Friday’s rally (dollar was up 0.65%) and probed above psychological $100 barrier for the first time since early April.
Much better than expected US May labor…
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Strong US job growth extends into second consecutive month – NFP
US nonfarm payrolls increased by 172,000 jobs in May after rising by 179,000 in April (upwardly revised from 115K) and doubled forecast for payrolls increase by 85,000 jobs.
Upbeat May numbers mark the second consecutive month of strong…
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EURUSD looks for direction signal to end extended sideways mode
The Euro firmed on Friday and probes again through initial barrier at 1.1635 (daily cloud base / daily Tenkan-sen) after short-lived cloud penetration on Thursday which left daily candle with long upper shadow.
Daily cloud continues to…
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