WTI oil – bears pause above daily cloud
WTI oil price ticked higher on Wednesday morning as bears take a breather after a massive losses in past two days (down around 16%).
Bears found solid support at $64.00 zone (Fibo 61.8% of $55.40/$77.88 rally / just above top of thick…
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Gold price tumbles on ceasefire talks after a muted reaction on conflict escalation in past two days
Gold fell to two-week low on Tuesday after the metal showed a mild reaction as a safe haven on US involvement in Israel-Iran conflict on the side of Israel and failed to react on late Monday’s Iranian attacks on US military bases in Qatar…
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Crude oil price falls over 13% following attack on US bases in the Middle East
WTI oil price collapsed in late US session on Monday, following the latest news on Iranian attack at US military bases in the Middle East (Qatar and Iraq) in retaliation to US massive attack on Iranian nuclear installations, a day earlier.…
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USDJPY – the downside becomes more vulnerable after bulls stalled at 148 barrier
USDJPY remains constructive so far, despite strong rejection at 148 barrier earlier today.
The pair opened with gap higher and accelerated through 146.77/88 barriers (100DMA / Fibo 61.8% of 151.20/139.88) to crack psychological 148…
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Gold – no significant changes despite overheated geopolitics
Gold edged lower on Monday after opening with some $20 gap higher at the start of the week, on concerns that the war in the Middle East could run out of control after US attacked Iran over the weekend.
Fresh advance reached levels ticks…
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WTI oil – near term sentiment cooled after gap-higher opening and spike to new multi-month…
WTI oil eased quickly from new six-month high ($77.88, hit after Monday’s gap-higher opening), signaling that traders are not very much concerned about growing threats of strong supply disruptions, though overall picture remains firmly…
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Platinum eases from new multi-month high as traders take profit from nearly 30% rally in June
Platinum extends pullback into second consecutive day and fresh bears accelerated on Friday on stronger profit taking from new multi-year peak ($1349 – the highest since Sep 2014).
The metal was in steep rally in past two months, which…
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UK retail sales fall sharply in May
British retail sales slumped in May, marking the sharpest monthly decline in a year and a half, as consumer demand fell following a strong spending surge in April on food, summer clothing, and home improvements.
Retail sales fell by 2.7%…
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Gold dips further, weighed by hawkish Fed / slightly calmer rhetoric in the Middle East
Gold dipped below important supports at $3374 (Fibo 23.6% of $3120/$3452 / bull-trendline off $3120 higher low) on Friday, deflated by less aggressive tones from the Middle East, as President Trump delayed announcement of decision whether…
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Bank of England keeps rates on hold in June
The Bank of England (BoE) held interest rates steady at 4.25% during its June policy meeting, as widely expected. The central bank emphasized it is closely watching risks stemming from a weakening labor market and rising energy prices amid…
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