Kiwi jumps after RBNZ surprise, but bulls face headwinds
The Kiwi dollar rose around 80 pips in early Wednesday, after the Reserve Bank of New Zealand, in its policy meeting today, surprised markets by increasing its official cash rate by 50 basis points, against widely expected 25 basis points…
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Gold surges to one-year high
Gold was sharply up in early US trading on Tuesday, breaking through psychological $2000 level and hitting the highest since March 2022.
Fresh rally was sparked by weaker than expected US data which added to uncertainty and prompted…
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Cable surges to the highest since June
Cable extends step ascend into second straight day, extending broader uptrend above former tops (1.2447) and hit new multi-month high on probe through 1.2500 barrier, for the first time since June 2022.
Pound benefited from fresh…
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Bulls hold grip and ready for further gains
Fresh acceleration higher is probing through pivotal barrier at 1.0930 (Mar 23 spike high) after three-day consolidation and signaling that the euro holds firm tone.
Fresh bulls were sparked by much better than expected German export /…
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Gold keeps firm tone but still holding in a range and looking for fresh signals
Gold bounces back after short-lived negative reaction on OPEC’s surprise decision which temporarily inflated dollar.
Renewed strength pushes the price back to the middle of the near-term range ($2009/$1944) established after multiple…
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Dollar’s recovery likely to be limited
The dollar index lost traction and turned to red in early Monday, after extension of Friday’s recovery quickly ran out of steam, fully reversing initial gains after the index opened with gap-higher on Monday.
Dollar’s performance remains…
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EURUSD – bulls pause but remain in play above thickening daily cloud
The Euro remains at the back foot at the start of the week and extends Friday’s 0.60% drop, which also formed a bearish engulfing pattern on daily chart.
Last week’s double failure under pivotal barrier at 1.0930 (Mar 23 spike high) and…
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Oil price surges on shock from OPEC+ decision
WTI oil opened with nearly 6% gap higher on Monday after the OPEC+ group shook markets by surprise decision to further cut production by 1.6 million barrels per day, over the weekend
The cartel initially decided to cut output by 2…
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WTI oil – near-term bulls hold grip, on track for strong weekly advance
WTI oil keeps firm tone on Friday, underpinned by supply concerns on output shortages from Iraq and US stockpiles hitting the lowest in two years, while US data showed cooling price growth and stress on banks continues to ease.
Fresh…
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EURUSD – bulls on hold after EU and ahead of US data
The Euro edged lower after bulls faced a double failure just under pivotal barrier at 1.0930 (Mar 23 spike high).
Dips were so far shallow, with limited negative impact from weaker than expected German labor data and suggesting limited…
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