Bitcoin falls to 18-mth low; consolidation likely to precede push towards key supports
The Bitcoin hit the lowest in 18 months on Tuesday, in extension of Monday’s 15% drop, following weekly gap-lower opening and subsequent acceleration lower,
Crypto’s remain under pressure from Fed rate hikes, while the latest US…
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Psychological 1.20 support comes in focus, with risk of extension towards March 2020 low
Cable extends its steep fall into fifth straight day and dented pivotal Fibo support at 1.208 (76.4% of larger 1.1409/1.4249 Mar 2020/May 2021 rally), after fresh bearish signal was generated on Monday’s close below former 2022 low at…
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Bulls are pausing under key long-term support
Triple daily Doji and early Tuesday’s action moving within a narrow range suggest that bulls faced headwinds after initial attempt through key long-term barrier at 135.06 (2002 high).
Overbought daily studies and strong bullish momentum…
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Gold drops 2.5% as dollar surges on rising expectations for more aggressive Fed
Spot gold fell sharply on Monday, losing nearly 2.5% of its value until early US session, in the biggest daily drop since Mar 9.
Red-hot US inflation in May added to strong concerns about the negative impact on the economy, as price growth…
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Aussie drops below 0.70 in extension of last week’s strong fall
The AUDUSD extends steep fall into fourth straight day and falls below 0.70 support for the first time in one month.
Risk aversion and stronger US dollar on expectations for more aggressive Fed after another red-hot inflation figure, keep…
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UK economy contracts in April, warning of slowdown
UK Gross Domestic Product rose by 0.2% in three months to April q/q against expected 0.4% increase and 0.8% growth in March, while annualized figure showed the GDP grew by 3.4%, compared to 6.4% expansion previous period and disappointing…
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The Euro continues to trend lower; key support at 1.0340 in focus again
The Euro holds in red for the third straight day and retraced almost 76.4% of 1.0349/1.0786 corrective leg, signaling that larger downtrend is on track to complete its short corrective phase and threatening of renewed attack at key longer…
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Sterling falls further on risk aversion, downbeat UK GDP data
Cable dips to one-month low in early Monday, in extension of Friday’s post-US CPI 1.4% drop.
Risk aversion dominates at the start of the week and deflates sterling, while dollar was boosted by continuous rise in US inflation which reached…
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Dollar rises further on hot US inflation
The dollar accelerated higher after US inflation data on Friday and hit the highest in three weeks.
Much hotter than expected inflation fueled expectations for more aggressive Fed in coming meetings, although the central bank already…
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US inflation rose further in May as gasoline and food prices soar
US inflation accelerated in May, offsetting slight optimism on expectations that inflation may have peaked and adding pressure on the US Federal Reserve to continue raising interest rates.
Monthly CPI figure showed strong rise to 1% in…
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