EURUSD remains constructive ahead of ECB; US NFP report
EURUSD holds in extended consolidation under new multi-week high (1.1454) but keeps firm tone that boosts prospects for further growth.
Bullish daily studies (strong positive momentum, MA’s in bullish configuration and thick daily cloud…
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US private payrolls slump in May – ADP
Hiring in the US private sector slumped in May, adding only 37K new jobs compared to 111K consensus and dipped well below April’s downwardly revised 60K (from 62K).
May data present the weakest numbers over two years, although analysts…
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GOLD – bullish bias above broken triangle’s upper boundary
Gold price moves within a tight range on Wednesday but remains bullishly aligned following limited corrective dip on Tuesday.
Broken Fibo level at $3355 (61.8% of $3200/$3120 pullback) reverted to solid support which keeps the downside…
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Eurozone inflation slows below expectations in May
Inflation in the Eurozone slowed to 1.9% in May after growing to 2.2% in April and also fell below 2.0% consensus. a fall in energy prices and a sharp decline in services inflation.
Core inflation, which excludes the most volatile…
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EURUSD rises to 5-week high as dollar suffers from fresh tariff threats
EURUSD hit the highest in over five weeks on Monday, inflated by weaker dollar on the latest threats of doubling import duties on steel and aluminium.
The pair gained around 0.8% by the mid-US session and pressure strong resistance at…
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Oil price rises nearly 4%, key barriers under pressure
WTI oil price jumped around 3.7% and hit the highest in almost two weeks on Monday, on track for the biggest daily gain since April 9.
Fresh advance penetrated daily cloud (spanned between $62.83 and $63.92) and cracked psychological…
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Gold price surges on fresh tariff worries, geopolitical factors
Gold opened with gap higher and surged in early Monday trading, lifted by escalation of war in Ukraine, President Trump’s fresh threats of doubling current tariffs on imports of steel and aluminium and victory of Eurosceptic candidate in…
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Inflation in US rose moderately in April – PCE
The US Personal Consumption Expenditures (PCE) Price Index rose 0.1% in April, in line with expectations, after being unchanged in March.
Annualized PCE prices increased 2.1%, below expected 2.2% increase, after advancing 2.3% in March.…
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GBPUSD – initial supports hold pullback for now
Cable remains at the back foot on Wednesday after Tuesday’s pullback from new multi-month high (1.3593) cracked psychological 1.3500 support.
Price dipped to 1.3561 this morning, but quick bounce to 1.3500 zone points to…
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USDJPY – penetration of falling 4-hr and daily cloud bases to open way for stronger short…
Strong bounce on Tuesday is generating initial reversal signal on daily chart and warning of potential stronger short squeeze, as the pair is on track to dent the recent downtrend on daily close above the latest lower top…
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