USDJPY trades near a multi-decade high, intervention looms
USDJPY is consolidating above 161 level on Friday after Thursday’s fresh acceleration higher hit 161.80, just ticks under a four-decade peak at 161.95, posted in June 2024.
The pair remains well supported and continued to trend higher…
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EURUSD – larger bears may take a breather before probing through 2026 low
The Euro trades near 2026 low (1.1410) on Friday, holding in red for the third straight day, in reaction to hawkish signals from Fed (the pair has registered the biggest daily loss since 30 July 2025 on Wednesday, following Fed’s hawkish…
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Dollar rallies on growing prospects for Fed rate hike
The dollar extends advance into the second consecutive day and hit the highest in more than a year on Thursday.
Fed’s hawkish hold on Wednesday sparked fresh dollar’s rally, as signals of rate hike by the end of 2026 offsets dollar…
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BRENT OIL – bears may take a breather above 200DMA
Brent fell over 15% in past four days, after the story about US-Iran peace agreement gained momentum, and neared levels it traded at the beginning of war.
Growing optimism that the conflict may end soon and prevent disastrous scenario…
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UK inflation remains unchanged in May, ahead of BoE’s policy meeting
Inflation in Great Britain remained unchanged at 2.8% in May, against expectations for 3% rise, while core inflation, which excludes volatile food, energy, alcohol and tobacco components, rose slightly less than expected to 2.6% from 2.5%…
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Bank of Japan raises interest rates to the highest since 1995
The Bank of Japan raised interest rates by 25 basis points to 1%, in response to growing price pressures from the energy shock caused by the war in the Middle East.
Japan’s central bank raised borrowing cost to the highest level since…
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Cable remains constructive ahead UK CPI data, BOE policy meeting
Near-term recovery from 1.3300 zone higher base has received fresh boost from improving geopolitical picture that sparked risk appetite and deflated dollar.
Although today’s action was limited, Cable remains at the front foot as traders…
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BRENT – peace deal optimism pushes the price to three-month low
Brent oil opened with a gap lower on Monday and fell to the lowest in over three months, deflated by fresh wave of optimism about the end of US/Iran war.
Two sides announced that they had reached an initial deal which should be signed…
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AUDUSD – thick daily cloud continues to limit recovery attempts
Australian dollar remains at the front foot and continues to pressure strong barriers at 0.7050 zone (daily cloud base / Fibo 23.6% of 0.7277/0.6978) for the second consecutive day, but attempts to extend Thursday’s almost 1%…
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EURUSD – post-ECB recovery faces strong obstacles en-route
The Euro remains constructive on Friday after previous day’s jump on ECB rate hike (the first in three years).
The latest news about potential peace deal in the Middle East also contributes to fresh positive tone, although markets need…
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