Dollar index falls to two month low on signals that Fed’s tightening cycle is nearing its end
The dollar index hit two-month low on Tuesday, as steep fall off 103.21/25 double-top (Jun 30/July 6) extends into fourth consecutive day and probed below key supports at 101.48/43 (Jun 22 low / Fibo 76.4% of 100.45/104.59 ascend).
The…
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AUDUSD – multiple upside rejections at 200DMA keep the downside at risk
Australian dollar edged lower on Tuesday, pushing towards the mid-point of near-term range (0.6595/0.6705) after 200DMA (0.6697) again capped upside attempts, fueled by improved Australian Jun consumer sentiment and business confidence…
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USDJPY- bears hold grip for attack at psychological 140 support
USDJPY extends steep fall into fourth straight day, with fresh acceleration in early Tuesday’s trading pressuring psychological 140 support (also Fibo 76.4% of 138.43/145.06 upleg).
Technical picture on daily chart weakened as 14-d…
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GBPUSD – bulls crack strong barriers en-route to 1.30 barrier
GBPUSD continues to trend higher and probed above 1.2900 barrier in early Tuesday, after cracking strong resistances at 1.2884/93 (200WMA / monthly cloud base).
Sterling received fresh boost from UK labor data which showed the highest…
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Euro keeps bullish stance for renewed attack at pivotal 1.10 zone
EURUSD keeps firm tone on Monday and resumed higher after brief consolidation, focusing psychological 1.10 barrier and June 22 peak (1.1012).
The Euro surged on Friday, following weaker than expected US non-farm payrolls, which deflated…
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US non-farm payrolls miss expectations in June
US employers hired less than expected workers in June, with non-farm payrolls increasing by 209K last month, below forecasted increase by 225K and missing to extend surge in May (306K, downwardly revised from initially reported 339K).…
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Gold falls sharply on upbeat US private sector payroll data
Gold price fell sharply on Thursday, after US ADP private payrolls rose way above expectations in June (497K vs 228K f/c and downwardly revised May figure from 278K to 267K).
Upbeat data point to strong labor market, despite growing…
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Fresh OPEC+ production cuts inflate oil prices
WTI oil keeps firm tone on prospect of tighter supply after the biggest world oil exporters Saudi Arabia and Russia decided to further cut production, earlier this week.
Two top OPEC+ members extend cartel’s campaign in reducing oil…
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Australian dollar edges lower on weaker than expected China’s economic data
Australian dollar turned to red on Wednesday, generating initial signal that the upleg from 0.6595 (June 29 higher low) might be running out of steam.
Four-day recovery leg faced strong headwinds at 0.6690 zone (double bear-cross of…
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USDTRY rises further after Turkish inflation data
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also…
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