USDJPY – bears gained traction and violate strong support zone
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday.
Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with…
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New Zealand dollar jumps on disappointment from RBNZ rate decision but larger bears remain firmly in…
Kiwi dollar jumped around 1% against its US counterpart on Wednesday morning after RBNZ’s 50 basis points rate cut disappointed many who expected more aggressive action and cut by 75 basis points.
The Reserve Bank of New Zealand reduced…
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EURUSD – bullish signal is developing on daily chart but needs more evidence for confirmation
EURUSD remains in a narrow-range sideways mode in early Tuesday’s trading, in extension of Monday’s action, shaped in Doji candle and signaling indecision
Initial positive signal is developing on daily chart following last Friday’s…
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Profit taking and weaker sentiment fuel gold’s sharp pullback
Gold price falls over 2% on Monday, as traders collect profits from last week’s almost 6% rally (the biggest weekly gain in nearly two years).
Weaker sentiment on easing safe-haven demand following the nomination of Scot Bessent as the…
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German business morale weakens further in November – Ifo
The data from Ifo institute showed that German business climate index fell to 85.7 in November from 86.5 in the previous month and missed 86.0 consensus.
Stronger than expected drop in business morale in November further worsens the…
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Weak economic data pushed euro to the lowest levels in two years
EURUSD spiked to two-year low on Friday following weaker than expected data from Germany Q3 GDP / Nov PMI) and Eurozone (Nov PMI) which further soured already weak sentiment.
The single currency remains pressured by strong dollar on…
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Cable falls to new multi-month low after disappointing UK economic data
GBPUSD dipped below 1.2500 handle and hit new lowest in 6 ½ months on Friday, after disappointing UK October retail sales and November PMI numbers further weakened sterling, adding to worsened geopolitical picture on threats of stronger…
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EURUSD continues to move within extended consolidation range, but larger bears hold grip
EURUSD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo 23.6% of 1.0936/1.0495 /…
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Bitcoins hits new record high above $94K, signals continuation of larger uptrend
Bitcoin hit new record high on acceleration above 94K on Wednesday, lifted by growing expectations for more crypto-favorable conditions under incoming Trump’s administration.
Break above the top of seven-day consolidation range generated…
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USDJPY – larger bulls returning to play after shallow correction
USDJPY bounced on Wednesday, gaining 0.7% in Asian / European trading as immediate threats of stronger escalation of the war in Ukraine started to fade, while Trump trade continues to underpin dollar.
Fresh rally retraced almost 76.4% of…
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