Gold falls further on Fed’s hawkish rhetoric
Gold is on track for the weekly fall of around 2%, confirming bearish stance on Fed’s hawkish shift towards more rate hikes that lifted dollar.
The yellow metal’s price fell to the lowest level since late December on Friday, after US…
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Oil weakness accelerate on rate hike expectations, fading supply worries
The WTI oil price accelerated lower on Friday, extending the downleg $80.59 high into fifth consecutive day.
The contract was down 2.4% until early US session on Friday, as bears gained pace on expectations of further rate hikes in the US…
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Bears eye 100DMA and 2023 low at 1.1841
Cable maintains firm bearish tone on Friday and extends steep fall into third consecutive day.
Friday’s action holds below psychological 1.20 level, which reverted to solid barrier, with fresh bearish acceleration probing below next…
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EURUSD – Increased risk of deeper fall
The Euro dips to the lowest levels since Jan 6 on Friday, with break below the floor of recent multi-day range, signaling bearish continuation.
Fresh weakness also broke into rising daily cloud which offered significant support, adding to…
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Extended bears test key support zone
The AUDUSD holds in a steep fall for the third straight day, pressured by risk aversion as the US dollar rises on expectations of further rate hikes.
Fresh bearish acceleration on Friday (the pair was down 0.7% in Asia / early Europe)…
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UK retail sales rise above expectations in January but overall picture remains gloomy
UK retail sales unexpectedly jumped in January, with monthly figure showing 0.5% increase vs expectations for 0.3% drop and December’s downwardly revised -1.2%, while annualized retail sales fell by 5.1%, following 6.1% drop previous month…
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Dollar rises to new multi-week high, signaling bullish continuation
The US dollar rose to new six week high in early Friday’s trading, with fresh extension higher signaling continuation of the bull-leg from 100.66 (2023 low, posted on Feb 2), which paused for eight-day consolidation.
The greenback remains…
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Bears face headwinds from key supports
Cable remains firmly in red on Thursday and extends previous day’s strong fall (down 1.1% for the day) to almost fully retrace 1.1960/1.2269 recovery leg.
Fresh weakness spiked to 1.1965, but subsequent bounce signaled strong headwinds…
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USDJPY – Weaker than expected US data add to positive outlook
The USDJPY is consolidating within a narrow range under new multi-week high on Thursday, as bulls pause after a strong rally in past three days, when the pair gained 2.2%.
The dollar keeps bullish near-term stance on expectations that the…
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Euro stays in prolonged sideways mode and looks for direction signals
The Euro ticks higher on Thursday but lacks direction as the price remains within the range for the fifth consecutive.
The downside was so far protected by Fibo 23.6% of 0.9535/1.1032 (1.0679) and nearby top of rising daily cloud which…
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