Dollar index – bulls hold grip ahead of Powell’s speech in Jackson Hole
The dollar index keeps firm tone and hit the highest since early July in early Friday’s trading, in extension of Thursday’s 0.63% advance (the biggest one day gains since July 27).
The greenback resisted some softer tones from Fed…
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Euro falls to new multi-week low following break of key supports
The Euro dips further on Friday and on track for the sixth consecutive weekly loss.
Weak risk sentiment and growing expectations that the Fed and ECB would raise their interest rates again in November, add pressure on the single currency,…
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GBPUSD – key supports remain under increased pressure but signals from Jackson Hole likely to…
GBPUSD came under renewed pressure on Thursday and tested again key supports at 1.2637/26, after Wednesday’s dip to these levels was short-lived and left daily Doji candlestick with long tail.
Better than expected US weekly jobless…
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Turkish lira surges after the CBRT shocked markets with 750 basis points rate hike
USDTRY was sharply lower on Thursday, falling two full figures so far, following unexpectedly big CBRT’s rate hike.
Steep fall from new record high (27.242) posted on Wednesday, hit so far the lowest in nearly two months, with prospects…
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USDJPY – bulls hold grip despite multiple failure at pivotal Fibo barrier
USDJPY regains traction on Thursday and retraces a part of two-day pullback, which was sparked by repeated failure to clearly break Fibo barrier at 146.10 (76.4% of 151.94/127.22 descend).
Bullish setup of daily indicators adds…
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Gold price climbs to two-week high
Recovery leg from $1884 (Aug 17/21 double-bottom) extends into fourth straight day and hit two-week high in early Thursday’s trading.
Gold’s near-term action remains underpinned by weaker dollar and increased demand as traders await…
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Oil prices accelerate lower on fresh demand concerns
WTI oil price fell around 1.6% on Wednesday after weak manufacturing data from Japan, Eurozone and Great Britain (PMI’s stay in contraction territory below 50 threshold) raised concerns about demand and further soured near-term sentiment.…
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GBPUSD slumps as weak UK PMI data warn of further economic slowdown and increased risk of recession
GBPUSD was sharply lower in European trading on Wednesday, as the price broke pivotal support provided by daily cloud base, with downbeat UK PMI data further souring near-term sentiment and adding to bearish pressure.
UK manufacturing…
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EURUSD – Bears keep control ahead of Jackson Hole meeting
The Euro remains under increased pressure in early Wednesday and fell to the lowest in nine weeks, after probe through former higher base at 1.0835 zone (late June / early July.
Eurozone PMI data was the key release of the European…
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GBPUSD – risk of recovery stall on close below cloud base
Cable continues to move within thickening daily cloud and hit new marginally higher two-week high on Tuesday, but quick pullback warns that bulls might be losing traction.
Near-term action is expected to keep slight bullish bias while…
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