BTCUSD on track for the first weekly loss in two months
BTCUSD – steep pullback from new record high extends into third straight day and accelerated after loss of psychological 100K support.
Completion of Evening Doji Star reversal pattern on daily chart added to downside prospects, prompting…
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Gold – post-Fed weakness likely to extend after recovery stall
Gold bounced from new one-month low ($2582), hit on post-Fed 2.3% drop on Wednesday, but gains were so far short-lived.
Recovery stalled at $2626, with subsequent acceleration lower pushed the price again below important (broken)…
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USDJPY surges after Fed and BoJ policy decisions
USDJPY spiked to new multi-month high on Thursday, after Bank of Japan kept interest rates unchanged in today’s policy meeting, adding to positive signals for dollar from Fed’s hawkish rate cut on Wednesday.
Although BoJ’s decision did…
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Dollar index – limited correction of post-Fed rally likely to precede fresh push higher
The dollar rose across the board on Thursday, following widely expected Fed’s decision to cut rates by 25 basis points and signal a slower pace of rate cuts in 2025.
The US policymakers are fully aware of the new reality, in which…
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UK inflation rises above expectations in November
Inflation in Great Britain rose above expectations in November and hit the highest since March, though the negative impact was partially offset unchanged services inflation, one of BOE’s key gauges for underlying inflation.
UK consumer…
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USDJPY – dollar remains well supported by wide gap between Fed and BoJ monetary policies
USDJPY remains steady, though at narrower range on Wednesday, awaiting the FOMC verdict later today.
Tuesday’s dip from new three-week high, which interrupted a six-day rally, is likely to be short-lived, as the dollar remains well…
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AUDUSD hits new 2024 low ahead of widely expected Fed’s hawkish cut
AUDUSD hit new 2024 low and trading near the lowest since Oct 2023 on Thursday, after strong bearish signal was generated on Tuesday’s close below former annual low (0.6348, Aug 5 spike low).
Aussie remains pressured from slower than…
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GBPUSD – recovery picks up and cracks pivotal barriers, ahead of FOMC decision
GBPUSD extends recovery into second consecutive day and cracks important barriers at 1.2700/14 (psychological / 10DMA), but without break higher so far.
Monday’s bounce generated initial positive signal on completion of bullish engulfing…
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Gold remains in red and eyes key supports
Gold price fell further on Tuesday morning after two-day sharp fall (down 2.5%) paused on Monday.
Stronger dollar on growing expectations that US interest rates will remain elevated, keeps the metal’s price under pressure.
Fresh bears…
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Expectations that Fed interest rates will remain elevated on longer run to underpin dollar
The dollar index firmed in early Tuesday trading and pressuring the peaks of recovery leg from 105.37 (Dec 6 low).
Although last Fri/Mon action was shaped in Doji candles and signaled indecision, this was likely a consolidation before…
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