ECB keeps interest rates unchanged, says that talks about cuts are premature
The European Central Bank left interest rates unchanged at record high of 4%, in line with expectations and signaled that uninterrupted streak of 10 consecutive rate hikes (4.5% increase in total) might be coming to its end.
Positive…
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USDJPY rises above 150 for the first time in one year
USDJPY is establishing above psychological 150 barrier after registering a first daily close above this level in one year on Tuesday.
Fresh rise of the dollar on growing signals that interest rates would remain elevated for some time,…
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GBPUSD – risk aversion continues to pressure
GBPUSD fell to the lowest in three weeks in early Thursday, pressured by renewed risk aversion on growing concerns that interest rates would stay high for longer period.
Bear-leg off 1.2288 (Oct 24 lower top) extends into third straight…
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EURUSD – recovery loses traction after weak PMI’s hurt fresh bullish sentiment
EURUSD edged lower on Tuesday after three-day recovery acceleration faced increased headwinds on approach to psychological 1.0700 barrier, reinforced by falling 55DMA.
Recently strength started to lose traction after weaker than expected…
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Dollar Index stands at the back foot ahead of key US data
The dollar index holds keeps negative stance for the fourth straight day and hit the lowest in one month in European session on Tuesday.
Renewed risk appetite and lower US yields deflated the dollar, which fell nearly 0.6% on Monday (the…
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Gold is consolidating under $2000, bulls hold grip for now
Gold is consolidating under new five-month high on Monday after larger steep uptrend stalled on approach to psychological $2000 barrier.
Strong upside rejection on Friday points to increased headwinds from $2000 zone which marks…
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EURGBP rises to new multi-month high, but may take a breather before resuming
EURGBP extends steep upleg from 0.8616 trough into sixth straight day and hit the highest in more than five months on Friday.
Larger uptrend from 0.8492 (2023 low, posted on Aug 23) remains fully in play for the second consecutive month…
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Gold continues to trend higher on rising geopolitical tensions; psychological $2000 barrier coming…
Gold extends steep rally and hit three-month high in early Friday, strongly supported by growing demand for safe haven on overheated situation in the Middle East, which threatens to escalate into possible broader regional crisis with…
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USDJPY holds in a narrow range directionless mode and seeks direction signals
USDJPY remains within a narrow range just below psychological 150 barrier, which was cracked earlier this month, but continues to offer solid resistance.
Near-term direction is clouded by mixed signals, as daily studies are in bullish…
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GBPUSD – Break of pivotal supports risks further weakness
Fresh leg lower extends into third straight day, with increasing downside risk seen after break of pivotal supports at 1.2170/22 (trendline support / Oct 13 former higher low).
Close below 1.2122 to confirm signal and expose targets and…
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