EURUSD – bears hold grip but prolonged consolidation may precede fresh push lower
EURUSD weakened on Friday after recovery attempts from new multi-month low (1.0682), hit after Wednesday’s post-election 1.7% fall (the biggest daily loss since 19 Mar 2020), failed to clear daily Tenkan-sen (1.0809).
Formation of…
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Dollar index expected to remain constructive above key supports as markets digest news from US…
The dollar index is in a sideways mode on Friday morning after Thursday’s drop almost fully reversed post-election rally on Wednesday.
Near-term action ranging above the base of thick hourly Ichimoku cloud and expected to remain…
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Bank of England cuts rates as expected but may slow the pace of easing on expectations that…
The Bank of England cut interest rates by 25 basis points from 5% to 4.75%, following BoE MPC 8-1 vote to cut rates.
This was the second rate cut since 2020, and BoE is likely to keep cautious approach in anticipation that new…
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Dollar eases from new multi-month high in likely positioning for Fed rate decision
The dollar index eases from new four-month high (105.33) posted on Wednesday’s sharp rally (the biggest daily gain in two years) on news of Trump’s election victory.
Partial profit taking pushed the price lower, but the dollar keeps firm…
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GBPUSD – bears take a breather after post-election fall, await BoE’s decision for widely…
Cable edges higher following Wednesday’s post-US election 1.1% drop, generating an initial signal of recovery, after bears repeatedly experienced strong downside rejection.
Double failure to register clear break of Fibo support at 1.2846…
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Fed is expected to cut rates by 25 basis points today but changes in rate view come on horizon after…
The US Federal Reserve is expected to cut interest rates by 25 basis points to 4.50%/4.75% range at the end of the two-day policy meeting today.
Markets are pricing in another rate cut in December although initial enthusiasm about a…
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Bitcoin rises 9% and hits new record high as Trump’s victory strongly boosts bullish sentiment
Bitcoin was the top winner in post-US election trading on Wednesday, advancing 9% in immediate reaction to Trump’s election victory.
Strong rally spiked to new record high (75411), before partial profit taking pushed the price to 72700,…
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US stock indices, dollar, bitcoin surge as Trump declares election victory
Republican Donald Trump claimed victory in the 2024 presidential election with projections that Republicans are to take back the Senate.
Trump thanked the American people for extraordinary honor of being elected as the US 47th President…
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Dollar edges lower as traders await first results from US election
The dollar dips on Tuesday as traders partially reduce exposure ahead of release of first results from US election.
Fresh dip retested Monday’s low (103.45) but faced again headwinds, as bears were so far unable to gain traction, after…
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Hawkish RBA lifts Aussie dollar towards key resistance zone
AUDUSD rose to one week high on Tuesday morning, after the RBA kept interest rates steady at 12-year high and kept hawkish stance on persisting upside inflation risk, although remains ready to act if economy weakens more.
Near-term…
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