Bulls hold grip but caution on growing signals of pullback
The Euro has established above psychological 1.10 level and holding gains above former top at 1.1032, with Friday’s upside extension to new one-year high, adding to positive signals.
On the other hand, strongly overbought daily studies…
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Increased downside risk under daily cloud
Near-term action holds in red for the third consecutive day, as bears regained control after a triple upside rejection at daily Ichimoku cloud top.
Today’s extension below daily cloud base (132.56) and daily Tenkan-sen (132.33) adds to…
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Gold price surges to 13-month high on recession fears and signs that Fed may pause rate hikes
Gold hit the highest levels since March 2022 after strong acceleration higher on Thursday, with metal’s price advancing 1.5% until early US session.
Weaker than expected US economic data on Wed/Thu added to existing concerns that the…
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Euro hits one-year high after disappointing US PPI / jobless claims data further soured…
The Euro rose to one-year high on fresh acceleration through psychological 1.10 barrier and former top at 1.1032 (Feb2), lifted by weaker dollar on below-expectations US CPI and jobless claims / PPI miss.
Weekly close above broken pivot…
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USDCHF extends steep fall
The USDCHF fell to the lowest levels in more than two years on Thursday, as fresh weakness extends into third straight day.
Bears broke below psychological 0.90 support for the first time since June 2021, signaling continuation of larger…
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AUDUSD extends recovery after solid Australian jobs data
Australian dollar extends rally into third straight day, supported by better than expected Australia’s jobs data in March, which adds to bullish sentiment, boosted by Wednesday’s below expectations US CPI data.
Fresh advance cracks Fibo…
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Bulls remain in play after markets digested UK GDP data
Cable remains firm and probing through psychological 1.2500 barrier in early European trading on Thursday, as markets digested UK data.
UK economic growth was flat in February, against expectations for a minimal expansion by 0.1%, but…
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Dollar loses ground after US CPI surprise
The dollar’s bears accelerated after US inflation surprised lower in March, boosting risk appetite and pushing the greenback to one-week low.
Fresh weakness (the dollar was down nearly 0.7% since data release) is pressuring pivotal…
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US consumer prices rise less than expected in March, but underlying inflation remains elevated
US annualized CPI rose by 5.0% in March compared to 6.0% increase in February and below forecast at 5.2%, while monthly inflation barely moved last month, increasing by 0.1% compared to 0.4% rise in February and also missed consensus for…
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Gold returns above $2000, eyes fresh direction signals from US inflation data
Gold price remains at the front foot on Wednesday as markets await US inflation report for March, to get more clues about the Fed’s next steps.
Bounce from $1981, low of a shallow pullback from new 2023 high at $2032, returned above…
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