Dollar is steady but in quiet mode ahead of US NFP report
The dollar index steadies on Friday morning following 0.5% advance on Thursday, but range narrows ahead of key release today – US NFP report.
Daily chart picture remains positive as 14-d momentum indicator stays above the centreline and…
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Mixed EU inflation numbers to further complicate ECB’s life
Inflation in Eurozone was unchanged in August while core reading fell in line with expectations, compared to July, when inflation eased, and core CPI was unchanged.
Annualized inflation in the Euro bloc remained at 5.3% in August,…
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USDJPY – bulls hold grip ahead of key US data
USDJPY continues to move in near-term sideways mode, following Tuesday’s short-lived spike to new 2023 high (147.37), awaiting fresh direction signals from key US economic data, due today / Friday.
Markets look for fresh information…
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GBPUSD – bulls are pausing under thick daily cloud
GBPUSD strong recovery of past three days lost traction after testing the base of thick daily Ichimoku cloud (spanned between 1.2724 and 1.2918), as increased headwinds were anticipated at this zone.
Traders also reduced speed ahead of…
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EURUSD – strong recovery faces significant barriers, awaiting signals from US data
EURUSD extends strong recovery into third straight day, as risk mode returns and weaker than expected US data softened rate outlook.
Fresh bullish acceleration (after larger downleg was contained by rising 200DMA) hit one-week high and…
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Crude oil – rising demand and concerns about supply continue to boost the price
WTI oil price rose further and hit the highest in two weeks on Wednesday, as larger than expected draw in US crude inventories (API report) point to increased demand, while a hurricane in the Gulf of Mexico raises concerns about supply.…
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GOLD – recovery may extend further on fading US rate hike prospects
Gold price is holding within a narrow consolidation on Wednesday, following 0.9% acceleration on Tuesday.
Fresh bulls extended recovery from $1884 (Aug 17/21 double-bottom) to the highest in three months, cracking important Fibo barrier…
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AUDUSD – violation of current range boundaries to generate fresh direction signal, US data in…
AUDUSD edged lower in early European trading on Wednesday, reversing some gains made in Asian session, in reaction to weaker than expected US labor data released late Tuesday.
JOLTS report showed drop in job opening to the lowest in over…
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GBPUSD – bears hold grip but likely to take a breather ahead of key US data
GBPUSD bears are pausing on Monday after last week’s 1.2% fall, as oversold daily studies slowed the pace of fall, which registered the strongest acceleration last Thursday.
Consolidation was so far narrow, as the sterling remains…
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USDJPY – weekly close above pivotal Fibo barrier reinforces bullish stance
USDJPY keeps firm tone at the beginning of the week, as hawkish tones from Fed Chair Powell on Friday, offered additional support to dollar.
Faded threats of Japan’s intervention to support yen, expected on breach of 145 trigger,…
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