GOLD holds above $4100 following limited reaction on US CPI; FOMC meeting and PCE data next week…
Gold jumped after US inflation report which added to strong expectations for Fed rate cut next week, as inflation rose slightly less than expected in September.
However, September’s CPI numbers were insufficient to spark stronger rally,…
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US inflation rises slightly less than expected, adding to expectations for Fed rate cut next week
US inflation rose 0.3% in September, below 0.4% forecast after climbing 0.4% in August, while annualized CPI increased 3.0% vs consensus for 3.1% rise, compared to 2.9% in rise previous month.
Core CPI, which excludes volatile food and…
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USDJPY – bulls hold grip and pressure key barriers ahead of US inflation data
USDJPY - fresh bull-leg that emerged from last week’s correction low (149.37) extends into sixth straight day and cracks psychological 153.00 barrier on Friday.
The pair keeps firm tone as dollar benefits from the difference between Fed…
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CRUDE OIL price jumps 3% as US imposes sanctions on leading Russian oil suppliers
WTI oil opened with gap higher and rose around 3% during Asian / mid-European session on Thursday, lifted by the latest decision of President Trump to impose sanctions on two major Russian oil suppliers.
The US decision comes at the same…
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EURUSD – bearish bias below daily cloud
The Euro eased on Thursday morning and signal that near-term bears off 1.1728 (Oct 17 lower top) are regaining control after limited and short-lived recovery attempts on Wednesday.
The price has established below relatively thick daily…
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SILVER – Sharp pullback may extend as near-term sentiment is negative
Silver stabilized after finding temporary footsteps at important Fibo support at $47.60 (38.2% retracement of $36.20/$54.64 rally).
Fresh bears take a breather after massive loss on Tuesday, when the metal’s price fell 7%, in the biggest…
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GOLD – the downside remains vulnerable after bears cracked critical $4000 support
Gold remains in roller coaster mode, as a lot of action has been seen since late last night’s update, with all options still being on the table.
Slight optimism was sparked after Tuesday’s closing above $4100, though subsequent gains…
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GOLD registers the biggest daily loss in five years as pullback accelerated after violating key…
Gold price collapsed on Tuesday, falling around 6% in the biggest daily drop since 2020, after hitting a series of new record highs in past few sessions.
Correction was not a surprise as daily studies were strongly overbought for some…
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GBPUSD – biased lower while below thickening daily cloud
Cable remains in red for the third straight day with fresh weakness on Tuesday, pointing to negative signals developing on daily chart.
Friday’s false break above daily cloud, left Doji candle with longer upper shadow and subsequent drop…
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EURUSD – mixed signals while the price holds within daily cloud
The Euro remains in red on Monday, although with limited downside so far, after Friday’s strong upside rejection left bearish daily candle with long upper shadow and formed a bull-trap at daily cloud top, generating initial negative signal.…
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