Brent price falls after recovery failed to clear important $90 barrier
Brent oil price rose to the highest in over one week on Tuesday, in extension of Monday’s nearly 5% advance, following the latest verbal escalation by President Trump that quickly changed the sentiment and countered efforts of Iran and Oman…
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Reserve Bank of Australia keeps rates unchanged but signals possible further policy tightening
Reserve Bank of Australia kept its cash rate unchanged at 4.35% for a second straight meeting, arguing its decision by the economic slowdown being in line with expectation.
Weaker than expected Australia’s Q2 inflation contributed to…
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EURUSD – bulls hold grip but continue to face strong headwinds at 100DMA / daily cloud top
EURUSD probed again through strong barriers at 1.1560/66 (100DMA / daily cloud top) on Monday, following Friday’s false break higher, but continues to face headwinds at this zone.
The single currency benefited from weak NFP data that…
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USD INDEX – key technical support zone remains under increased pressure
The dollar index consolidates after Friday’s almost 0.5% drop, sparked by downbeat US nonfarm payrolls data which cooled expectations for Fed rate hike and deflated the greenback.
Traders shift their focus on US July inflation report…
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How to Trade CPI Inflation Data: USDJPY & Gold Trading Strategies
Knowing how to trade the Consumer Price Index (CPI), one of the most important measures for inflation, is an essential skill for all types of traders, no matter their level of expertise. The CPI report has the power to shape central bank…
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GOLD – extended recovery may pause for consolidation before resuming above daily cloud
Gold resumes advance on Friday after bulls paused previous day and hit new seven- high ($4371), on track for the biggest weekly gain since the third week of January.
Disappointing US July labor data on Friday contributed to fading…
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US nonfarm payrolls fall sharply in July
US nonfarm payrolls unexpectedly fell by 23,000 jobs in July, strongly disappointing forecast for payrolls to rise by 80,000, with previous month’s figure being downwardly revised to 20,000 from initially reported 57,000 increase.
Sharp…
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DOLLAR INDEX – bears take a breather but expected to hold grip while 100 barrier caps
The dollar index moves within a narrow consolidation above seven-week low and remains biased lower, following last week’s sharp fall (down 1.5% for the week).
Near-term action was so far contained by daily cloud base / 50% retracement of…
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BRENT OIL – near-term action in sideways mode, technical picture remains bearish, traders…
Brent price holds within a narrow consolidation for the second straight day, following Tuesday’s massive losses (down over 6% for the day), but the action stays under psychological $80 barrier with upticks capped by 200DMA ($80.73) and the…
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GOLD price jumps and violates key barriers on fresh US-Iran peace hopes
Gold price rose over 3% and hit the highest in nearly six weeks on Wednesday, lifted by fresh wave of optimism over a peace talks between the US and Iran, which eased inflation concerns and deflated the US dollar.
This was so far the…
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