Bears may extend towards 2020 low as environment remains very negative for Euro
Bears are taking a brief breather on Tuesday, facing a headwinds from new two-year low (1.0757, posted on Apr 14) but remain fully in play and threatening of further losses.
Narrow consolidation is likely to precede push through 1.0757 and…
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Bulls accelerate after holiday pause and eye psychological 130 barrier
The USDJPY accelerated in Tuesday’s morning, as activities gain pace after traders returned from an Easter break.
Fresh strength is exploring levels above 128 mark and trading at the highest in 20 years, with targets at 129.07 (May 2002…
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Gold rises on high inflation and uncertainty over Ukraine; psychological $2000 level under increased…
Spot gold rose nearly 1% on Monday, climbing to the highest in over one month and pressuring key barriers at $2000/$2001 (psychological / Fibo 61.8% of $2070/$1890 correction).
Growing concerns about surging inflation and economic impact…
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Dovish ECB and strong uncertainty over Ukraine conflict keep the Euro under increased pressure
The Euro maintains negative tone and probes again through key support at 1.0806, following Thursday’s 1.10% fall after dovish ECB’s stance that pushed the pair to the lowest levels since May 2020.
Subsequent bounce and failure to register…
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Dovish ECB’s stance signals the central bank is further diverging from its major peers
The European Central Bank kept its benchmark interest rates unchanged, as widely expected and stuck to its decision to end the stimulus program in the third quarter this year but did not provide any further details that disappointed…
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Bulls lose traction in pre-holiday trading
The USDJPY stands at the back foot on Thursday, but still with limited downside, after Wednesday’s shooting start indicated that bulls might be running out of steam.
Traders reduced pace ahead of Easter holiday, which usually causes lower…
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Bullish engulfing generates initial reversal signal
Cable keeps positive tone in European trading on Thursday, following almost 1% advance on Wednesday (the biggest one-day gains since 9 July 2021).
Repeated failures to clearly break through 1.30 support resulted in strong bounce that…
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Bears slow ahead of key support, awaiting ECB’s verdict on Thursday
The Euro is trading at a reduced speed and just ticks above key support at 1.0806 (Mar 7 low) on Wednesday, as bears slow on headwinds from 1.0806 and ahead of tomorrow’s ECB policy meeting.
The bear-leg from 1.1184 (Mar 31 high) remains…
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Fresh acceleration higher signals an end of month-long range, as demand for gold rises
Spot gold extends advance into a fifth straight day and hit the highest in four weeks on Wednesday.
Fresh strength emerges above the month-long range, signaling that metal’s price is establishing in a fresh direction, after holding in…
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UK inflation rises to 30-year high in March
UK inflation rose further in March, hitting the highest level in 30 years that increases pressure on households and prompts government to take further steps in easing the cost of living squeeze.
The annual inflation rate climbed to 7% in…
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