GBPUSD – near-term action lacks clearer direction signal but overall still bullishly aligned
Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone.
Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week…
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Bitcoin hits new multi-month high but bulls face headwinds from overbought studies
Bitcoin eases from the highest since April 2022 in early Tuesday’s trading, after hitting levels above 47000 on Monday, in renewed attempt to break out of the multi-week range.
Monday’s close above 47000 after 6.5% advance, adds to…
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Inflation in Tokyo continues to slow, easing pressure on BOJ to start tightening monetary policy
The latest data on core inflation in Tokyo, Japan, indicates a slowdown for the second consecutive month in December. This decrease in inflationary pressures, driven by a reduction in cost-push factors, may alleviate some pressure on the…
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USDJPY – fresh easing warns of recovery stall
USDJPY eases on Monday, after strong four-day recovery rally stalled just ahead of pivotal Fibo barrier at 146.08 (50% retracement of 151.90/140.25 downtrend) and weighed by a bull-trap above 144.70 (Fibo 38.2% of 151.90/140.25).
Last…
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WTI oil price falls sharply, on track for the biggest daily loss since mid-November
WTI oil price fell nearly 5% on Monday, deflated by decision of top oil exporter, Saudi Arabia, to cut February selling price to Asia to the lowest in over two years and rise in OPEC output.
The measures partially counter persisting…
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AUDUSD – bears are regaining traction after Friday’s pause
AUDUSD returned to red and fell below 0.6700 mark (reinforced by daily Kijun-sen), signaling that bears are regaining control after Friday’s long-legged Doji pointed to strong indecision.
Risk sensitive Australian dollar came under…
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EURUSD – near-term action remains in sideways mode and looks for direction signals
Near-term action remains directionless and holding within the range which extends into fourth consecutive day.
Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily…
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US employers hired more than expected in December, wage growth remains solid
US Nonfarm payrolls increased by 216,000 jobs in December, surpassing expectations, while November figure was revised lower to show payrolls rising 173,000 instead of the initially reported 199,000. Economists had expected an increase of…
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Euro zone inflation rises in December and partially cools expectations for rate cuts
Eurozone inflation increased to 2.9% in December from 2.4% in November, just below the expectation of a 3.0% reading. This supports the European Central Bank's (ECB) decision to keep interest rates at record highs for some time.
The rise…
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USDJPY – completion of reversal pattern adds to upside potential
Strong three-day recovery completed the three white soldiers reversal pattern on daily chart, adding to upside potential, as 14-d momentum in steep ascend broke into positive territory and RSI is heading north.
Bulls broke and extended…
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