WTI oil gaps higher and rises further $2.5 as Middle-East conflict shakes oil markets
WTI oil opened with $2 gap higher on Monday and advanced further $2.5 in Asian session, as global supply concerns deepened following the latest wild clashes in the Middle East.
Fresh strength reversed so far over 38.2% of the recent…
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Euro falls on fresh risk aversion
EURUSD came under pressure from fresh risk aversion as violent clashes in the Middle East boosted uncertainty, prompting investors into safety.
The pair opened with a gap lower on Monday and so far retraced slightly more than 50% of last…
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Gold surges as violent clashes in the Middle East spark strong safe-haven demand
Gold opened with a gap higher, starting trading on Monday at $1850 zone, after closing on Friday at $1832.
Growing uncertainty over spiraling violence in the Middle East prompted traders into safer assets and strongly boosted demand for…
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US job growth surges well above expectations in September
US non-farm payrolls more than doubled expectations in September, sending signal that US labor market remains resilient and leaving room for the Federal Reserve to further raise interest rates this year.
The economy created 336,000 jobs…
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WTI oil on track for the biggest weekly loss in months but oversold studies may slow bears
WTI oil remains at the back foot and holding at the lowest in five weeks on Friday, following a strong fall in past two days (down 7.6%).
Renewed concerns about further slowdown in global economic growth on keeping high interest rates…
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Dollar index keeps bullish stance ahead of NFP report
The dollar index is trading within a narrow range on Friday morning and expected quiet mode, as markets await release of the US NFP report, key event of the week.
Near-term action remains above trendline support (106.01), following a…
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USDJPY looks for fresh direction signals from US labor report
USDJPY is holding around the mid-point of Tuesday’s volatile action which moved within 150.16/147.29 range, sparked by signals that Japanese authorities intervened to support weakening yen.
The latest reports from Bank of Japan suggest…
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Gold – bears are pausing ahead of US NFP report
Gold price turned sideways and holding within a narrow range for the second straight day, consolidating after seven-day steep fall.
Larger bears slowed pace ahead of key release of this week – US non-farm payroll report for September-…
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GBPUSD – falling 10DMA continues to cap recovery attempts
Cable started to lose traction in early European trading on Thursday, after Wednesday’s recovery, supported by better than expected UK services PMI and US ADP miss, stalled under initial resistance – falling 10DMA (1.2173), which continued…
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WTI oil remains under increased pressure after falling by 5.5% on Wednesday
WTI oil is about to resume the downtrend after a tight consolidation in early Thursday, following a sharp fall previous day (the contract was down 5.5% for the day in the biggest daily loss since 5 July 2022).
Renewed concerns about…
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