Today virtual panel discussion of central bank governors in the “Policy panel” and the possible…
One of the most influential events today will be the virtual panel discussion of the governors of the world's major central banks, which will be called the "Policy panel", and during this meeting, the governors of Europe, Britain, Japan,…
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Oil and gold challenge with significant technical levels
In the gold market, following the mid-term downtrend, the price has broken the major support level of $ 1740 and is pulling back to the broken level. Meanwhile, the US Consumer Confidence Monthly Index was released yesterday, has been…
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The possible decline in expansionary policies has boosted demand for the US dollar
US Federal Reserve Chairman Jerome Powell announced yesterday that inflation indicators have reached a level that makes ready the situation for a reduction in bond-buying programs as well as a reduction in expansionary policies. As a result…
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Oil and gold, have been affected by new reports
In the oil market (the Brent oil index), Goldman Sachs and the US Energy Information Administration (EIA) have reportedly increased their estimates of industrial oil demand for next year. In addition, with the onset of the cold season, fuel…
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EURGBP – strong bullish signal is developing following a break above daily cloud
The cross rose over 0.5% on Monday and hit 8-day high, on a biggest one-day rally in one month.
Sterling, as more risk-sensitive currency than the euro, reacted negatively on strong risk aversion that pushed global equities sharply lower.…
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Risk aversion keeps pound under pressure but bears face headwinds
Cable extends a steep fall into third straight day and hit a four-week low (1.3661) on Monday. Strong risk aversion in the market lifts the dollar and depresses stocks, keeping the pound under increased pressure.
Bears extended below…
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Euro holds firm bearish tone ahead of Fed
The Euro remains firmly in red at the beginning of the week and extends sharp fall from last Thu/Fri, hitting new one-month lows in European trading on Monday.
The pair keeps firm bearish tone following 1.3% drop in past two weeks as bears…
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Bears are gaining traction, clear break of 109 zone to risk deeper fall
The USDJPY is consolidating in early Thursday under new one-month low (109.11), hit after strong drop in past two days.
Near-term structure weakened after the latest bearish acceleration and remains weighed by multiple failures above…
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Technical studies continue to point lower
The Euro accelerates lower in early European trading on Thursday, signaling possible break of recent congestion, as long tails and upper shadows on daily candles in past few sessions pointed to indecision.
Near-term action remains…
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Aussie dips to two-week low on dovish RBA; US CPI data in focus
The Australian dollar accelerated lower in late Asian / early European session on Tuesday, pressured by dovish comments from RBA governor Lowe.
The central bank’s outlook remains optimistic regarding economic recovery, with expectations…
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