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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USDJPY – bulls hold grip in lower-volume Boxing day trading
USDJPY keeps firm tone in holiday-thinned trading on Thursday and pressuring last Friday’s peak at 157.92 (the highest since mid-July).
The pair is on track for the fourth consecutive weekly gain and for over 5% monthly advance in…
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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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