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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Euro steady above daily cloud ahead of this week’s key events
EURUSD is holding in a choppy and sideways mode for the fifth consecutive day, as traders look for fresh signals from this week’s key events – Fed minutes and the US June labor data.
Although the pair is moving within the range,…
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Gold price rises on concerns from weak US data
Gold price rises for the fourth consecutive day, extending recovery from a multi-week low at $1892 (June 29), after larger bears failed to clearly break psychological $1900 support and left a bear-trap.
Gold was inflated by growing…
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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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