Bulls take a breather under 20-year high ahead of Fed minutes
Bulls are taking a breather under new two-decade high, following Tuesday’s 1.3% rally, sparked by fresh risk aversion on recession fears, while the greenback remains underpinned by expectations aggressive Fed, as the US central bank has…
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Bears are consolidating after a 10% acceleration on Tuesday
WTI oil edges higher in early Wednesday after falling nearly 10% previous day (the biggest daily loss since Mar 9), as renewed supply concerns of growing recession signals slashed oil prices.
Profit-taking pushed the price higher, though…
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Gold falls to new 2022 low as dollar surges on risk aversion and rate hike bets
Spot gold lost ground on Tuesday and fell through psychological $1800 support (after two rejections on May 16 and July 1) hitting new 2022 low in the biggest one-day loss since Jun 13.
Growing expectations on aggressive rate hikes in the…
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Euro slumps to 20-year low on growing recession fears
The Euro collapsed through key support zone on Tuesday and hit the lowest in almost two decades, in the biggest daily fall since Jun 16, 2021.
Fresh weakness was sparked by renewed risk aversion on rising gas prices that fueled fears of…
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Bears are taking a breather after strong rejection at 1.20 zone on Friday
Cable is trading around 1.21 handle, moving in a narrow range on expected lower volumes due to US Independence Day holiday.
Friday’s daily candle with long tail signals that bears are lacking strength for a final attack at 2022 low…
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Double rejection keeps the downside protected but recovery faces tough work at the upside to…
The Euro is holding in a tight range on Monday, following initial bullish signal on double downside rejection last Thu/Fri, on expected headwinds at key 1.0360/40 support zone.
Mixed daily studies (14-d momentum is attempting to break into…
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Aussie bounces from new two-year low but upticks seen limited; RBA in focus
The AUDUSD edges higher in early Monday after 1.2% drop on Friday, when the pair broke below previous low at 0.6828 (May 12) and hit new two-year low at 0.6815.
Friday’s close below 0.6828 low was a bearish signal, though bears face…
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Silver drops below $20 for the first time in two years as recession fears hurt demand
Spot silver broke through psychological $20 support for the first time in two years and hit the lowest since July 2020 on Friday.
The metal remains under increased pressure for three months on global economic and geopolitical turmoil which…
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Gold dips below $1800, on track for the third consecutive weekly drop
Spot gold price fell below $1800 level on Friday, on fresh bearish acceleration that extends into fifth straight day.
The yellow metal came under pressure from higher dollar, as well as prospects of higher interest rates in the US and…
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Eurozone inflation hits new record high in June
Eurozone inflation soared to new record high at 8.6% in June from 8.1% in May and beat forecast for 8.4%, mainly driven by higher energy prices, though contribution from rising prices of food and services was also significant.
So called…
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