GBPUSD – bulls regain traction after Monday’s pause
Cable rises further on Tuesday, signaling likely bullish continuation after Monday’s long-legged Doji warned of indecision and possible recovery stall.
Fresh bulls cracked pivotal barrier at 1.2719 (daily Tenkan-sen / 50% retracement of…
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Aussie dollar stays afloat after RBA paused but kept hawkish stance
Australian dollar regained traction after post-RBA dip and holding above thin daily cloud, pressuring strong barriers at 0.0.6690 zone (Monday’s high / converged 100/200DMA’s).
The Australian central bank surprised markets by holding…
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Swiss franc falls on lower than expected June inflation in Switzerland
USDCHF jumped in European trading on Monday, as inflation in Switzerland fell significantly in June, increasing pressure on franc.
Swiss CPI dropped to 1.7% from 2.2% in May and below 1.8% forecast, returning to the SNB’s 0%-2% target…
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Bulls hold grip for renewed probe through 145 barrier
USDJPY regained traction early Monday, after bulls cracked 145 barrier on Friday, with subsequent shallow dip being contained by rising 5DMA (144.20).
Technical picture remains firmly bullish on daily chart (strong positive momentum /…
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Dollar loses traction after US data
The dollar index came under pressure and accelerated lower in early US session, weighed by US PCE below expectations and sharp fall in consumer spending, which counter expectations for another Fed rate hike in July.
Fresh weakness so far…
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Eurozone consumer prices eased more in June, but underlying inflation continued to rise
Eurozone consumer prices continued to decline for the third consecutive month in June, with slower rise in food prices and lower fuel cost being the main contributors to easing inflation.
Annualized EU CPI dropped to 5.5% in June from…
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GBPUSD stays afloat above 1.2600 but the downside is still at risk
Cable dipped after weak UK data on Friday (current account gap widened and the economy barely grew in Q1) but so far staying afloat above 1.2600 handle (round-figure / Fibo 23.6% of 1.1802/1.2842 rally), which also contained drop on…
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EURUSD is holding at key support zone ahead of EU inflation data
Bears are taking a breather early Friday and consolidating ahead of release of EU June inflation data.
The pair was down almost 0.9% in past two days, pressured by stronger dollar on solid US economic data which add to Fed’s hawkish…
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Probe through pivotal Fibo support faces strong headwinds again
EURUSD remains at the back foot and extends weakness into second straight day, cracking pivotal supports at 1.0883/68 (55DMA / Fibo 38.2% of 1.0635/1.1012 upleg).
German inflation rose above expectations in June, adding to rate hike…
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Gold hits new 14-week low on break of psychological $1900 support
Gold price fell further and hit new multi-week low on Thursday, following break of psychological $1900 support.
The yellow metal price remains firmly in red, weighed by hawkish central banks which signaled further rate hikes to continue…
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