Oil prices rise further on Iran uncertainty and growing supply fears
WTI oil price extends steep rally into fourth consecutive day, as growing tensions over Iran fuel fears of potential supply disruptions. Adding to strong uncertainty was the latest threat from President Trump that he will impose a 25% tax…
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EURUSD – near-term studies remain bearishly aligned
The Euro trades in a slower mode on Tuesday after previous day’s bounce temporarily sidelined larger bears (off 1.1808 peak).
Mixed signals from daily candlestick (bullish engulfing / strong upside rejection left bullish daily candle…
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Silver posts new all-time high on growing safe-haven and industrial demand
Silver hit new all-time high following over 6% advance on Monday, as fresh shockwaves from a criminal probe by Trump administration on Fed Chair Jerome Powell struck markets at the start of the week and prompted investors into safety.…
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GOLD hits new record high at $4600
Gold price surged to new record high at $4600 in early trading on Monday, as the latest clash between President Trump’s administration and Fed Chair Powell, on a criminal probe to Fed chief, which raises big question mark above the…
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US job growth slows in December – NFP
US nonfarm payrolls increased by 50,000 jobs in December, compared to a downwardly revised 56,000 (down from 64,000) in November and disappointed forecast for 66,000 jobs added.
Unemployment rate, on the other hand, dipped to 4.4% last…
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EURUSD – next week’s daily cloud twist to attract for further weakness
The Euro extends bear-leg from 1.1808 (dec 24 peak, where larger rally was capped by Fibo 76.4% of 1.1918/1.1468) and attempts to establish below important Fibo level at 1.1678 (38.2% of 1.1468/1.1808 rally).
The pair is on…
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BTCUSD – another attempt to break out of the range fails at key 94K resistance zone
Bitcoin remains in red for the second straight day and follows weakness in most of safe havens on Wednesday.
Fresh weakness emerged after repeated failure at strong resistance at 94000 (50% retracement of 107502/80514 / short-term range…
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Gold cracks $4,500, eyes further upside as fresh geopolitical turmoil fuels demand
Gold price eased in early Wednesday trading, on partial profit-taking, after three-day advance cracked psychological $4500.
Bounce from $4300 zone, where pullback from new record high ($4550) has been contained, closed above Fibo 76.4%…
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WTI oil retests pivotal barriers on Venezuela uncertainty
WTI oil rose further on Tuesday, following US action in Venezuela, which caused uncertainty over country’s oil production and boosted demand.
Although it is still early to estimate what consequences will US unprecedented action…
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USD Index – bulls tighten grip ahead of release of key US economic data
The dollar index opened with gap higher and rose to 3 ½ week high on Monday, keeping firm tone at the start of the year.
Uncertainty over the US attack on Venezuela prompted migration into safety of dollar, but the greenback was also…
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