GBPUSD hits new multi-month low, bears eye 1.20 zone targets
Cable fell to 14-month low on Thursday morning, as steep bear-leg off 1.2575 lower top extends into third straight day.
Strengthening dollar, crisis about Britain’s fiscal outlook and uncertainty over Trump’s tariff plan, were the key…
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USDJPY – bulls eye 160 target
USDJPY keeps firm tone and holds just under new multi-month high in early Wednesday, with near term focus at the upside, after recent consolidation faced multiple downside rejections.
Fundamentals remain favorable for dollar as Bank of…
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Dollar Index – correction to extend before larger bulls regain control
The dollar index remains in red for the third consecutive day, after a mild easing from a two-year top accelerated on Monday, following a media reports saying that proposed tariffs by Donald Trump may be less aggressive than initially…
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BTCUSD rises above 100K as media reports fuel bullish sentiment
BTCUSD returned above $100K level on Monday, as fresh acceleration higher signaled that markets are back to routine after a quiet holiday trading.
Bitcoin benefited from the media reports about new tariffs to be implemented after Trump’s…
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USDJPY – bulls hold grip for further gains, BoJ intervention looms
USDJPY – near term action remains in extended sideways mode under new multi-week high (158.07) and consolidating December’s 5% advance.
Limited dips (so far contained by rising 10DMA) suggest that larger bulls remain firmly in play and…
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EURUSD – larger bears to consolidate before resuming lower, parity level coming in focus
EURUSD edges higher early Friday on a partial profit-taking at the end of the week, after the latest three-day acceleration pushed the price to the lowest levels in over two years.
Larger bears are likely to take a breather above…
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Gold is expected to remain underpinned by political and economic uncertainty and elevated inflation
Gold gained nearly 1% in the first trading day in 2025, sending initial positive signal that recovery off $2582 (Dec 18/19 higher base) might be picking up.
The notion is supported by completion of bullish failure swing pattern on daily…
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Dollar keeps firm tone at the start of the year
The dollar index kept firm tone and hit new two year high on the first trading day of the new year, as markets started to gain pace after a quiet holiday mode.
The dollar gained over 7% vs the basket of major world currencies in 2024,…
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WTI oil – increased demand on holiday season lifts the price further
WTI oil price advanced around 1.3% in holiday-thinned trading on Monday, underpinned by increased fuel demand on holiday season that was reflected on stronger than expected drop in crude inventories.
Near-term picture is turning positive…
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Dollar index – bulls pause for consolidation, expected to remain intact while above 107…
Near term action holds in extended consolidation under new multi-month high (108.28), as bulls took a breather in a quieted holiday trading.
Overall picture remains firmly bullish, with dollar index being on track for the third…
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