Gold cracks key resistance zone on fresh wave of safe haven demand
Gold price rose on Thursday morning as new packages of increased US import tariffs took effect, adding to high global uncertainty and prompting investors into safety.
Fresh rise cracked strong resistances at $3400 zone (Fibo 76.4% of…
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EURUSD – bulls firmly hold grip above rising daily cloud
EURUSD jumped on Wednesday, extending post-NFP recovery leg which paused in past two days after sharp rally last Friday.
Bulls resumed after consolidation, to hit one-week high and marking almost 61.8% retracement of 1.1788/1.1391 drop,…
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GBPUSD – recovery shows signs of stall ahead of BoE rate decision
Cable dipped during early European trading on Wednesday, deflated by weak UK data (July Construction PMI fell to the lowest since 2020), although the price holds within the range that extends into third consecutive day (long-legged Doji…
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Eurozone business growth edged higher in July – PMI
The economic data released on Tuesday showed that business activity in the euro zone grew at a slightly faster pace in July compared to previous month but remained sluggish due to weak demand.
The Eurozone Composite Purchasing Managers'…
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WTI OIL extends steep fall after OPEC+ decision to further increase output
WTI oil extends steep fall into third consecutive day to almost fully retrace last week’s $64.99/$70.50 rally.
Oil came under pressure after repeated upside failure at $70 zone (psychological / daily Ichimoku cloud top), with latest…
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USD INDEX – bears take a breather after Friday’s sharp fall
The dollar index edged higher on Monday morning after losing almost 1.5% on Friday (the biggest daily loss since Apr 10).
Disappointing US NFP data in July and strong downward revision of previous month’s figure, as well as higher…
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Gold rises sharply after US labor data but key barriers still hold
Gold price was sharply up on Friday, gaining around 1.5% after US labor data soured the sentiment and sparked fresh migration into safety.
Much weaker than expected job growth in July and strong downward revision of previous month’s…
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Sharp drop in job growth and higher unemployment point to slowdown in US labor sector
US nonfarm payrolls increased by 73,000 jobs in July, falling well below forecast at 110,000 and against disappointing downwardly revised June’s figure to 14,000 from initial release at 147,000.
Unemployment ticked up to 4.2% last month…
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Eurozone inflation remains unchanged at 2% in July
Inflation in the Eurozone remained unchanged at the ECB's 2% target in July, coming just a tick above 1.9% forecast and confirming the bank's softer view of prices outlook.
July’s numbers also add to the central bank’s stance to keep…
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BTCUSD – break of two-week range floor is negative signal but key support still holds
BTCUSD fell to three-week low at 114K zone on Friday morning after the latest orders from President Trump to impose trade tariffs on a number of countries, soured the sentiment.
The latest dip that broke below two-week consolidation…
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