Gold – loss of pivotal $3300 support zone generates reversal signal
Gold dropped 1.6% in holiday-thinned Asian trading on Thursday, hitting the lowest in two weeks, as fresh risk appetite on fading trade tensions further dented metal’s safe-haven appeal.
Loss of pivotal $3300 support zone has generated…
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Dollar index is on track for the biggest monthly loss since November 2022
The dollar index remains constructive and edged higher on Wednesday after data showed that US economy slipped in the first quarter against consensus for a small rise, though it showed better results from expectations of some big US banks.…
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Gold probes again through key supports as trade tensions ease
Gold price holds in red for the second consecutive day and probes again through key $3300/$3292 zone (psychological / Fibo 38.2% of $2956/$3500 rally), where several recent attacks failed.
The risk sentiment has weakened again on growing…
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WTI Oil price falls further as sentiment sours on fading trade talks
WTI oil holds in red for the second consecutive and fell further on Tuesday as signals stalling US / China trade talks soured the sentiment.
Traders sold oil contracts on growing uncertainty after initial optimism was replaced by fears…
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USDJPY – repeated upside rejections keep the downside at risk
USDJPY edged higher on Tuesday morning after 1.1% drop on Monday which added pressure on the pair, following repeated upside rejection under double Fibo barriers at 144.13/21 (broken 76.4% of 139.57/158.87 / 38.2% of 151.20/139.88).…
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Cable remains constructive but likely continue to face strong headwinds from key 1.3434 barrier
Cable edged higher early Monday and pressure pivotal barrier at 1.3350 (Fibo 61.8% of 1.3423/1.3232 pullback / former recovery peak of Apr 24).
Series of higher lows since 1.3232 correction low, with fresh recovery being…
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Gold probes again through key supports but initial signals still need confirmation
Gold price fell on Friday after recovery attempts previous day failed to regain pivotal barriers at $3371 (broken Fibo 23.6% of $2956/$3500) and $3400 (psychological) and signal that corrective phase off new all-time high is over.
Fresh…
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USDJPY inflated by fresh risk appetite but still lacks clearer direction signal
USDJPY remains constructive as bounce from multi-month low (139.88) holds above broken Fibo level at 142.55 (23.6% of 151.20/139.88 bear-leg, reinforced by 10DMA) for the third consecutive day.
Safe haven yen benefited from the recent…
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WTI oil – recovery faces strong headwinds at key Fibo barrier
WTI oil edged higher on Thursday and recovered part of losses of previous day (down 2.4% for the day) after OPEC signaled further output increase from June.
Limited recovery remains weighed by signals of further supply increase and with…
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EURUSD – larger bulls to remain intact above broken Fibo level at 1.1274
EURUSD rose in early Thursday’s trading signaling that larger bulls regained traction after two-day pullback from new four -year high (1.1573) found footstep at 1.1300 zone.
Near-term bias is expected to remain firmly bullish while the…
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