Rising inflation risks and geopolitical tensions continue lift gold
Spot gold rose to the highest in over one week on Monday as persisting geopolitical fears over Ukraine and mounting inflationary pressures boost demand for safe haven metal.
Hawkish stance of the US central bank with firmer signals about…
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Bulls are consolidating under key 200WMA barrier after last week’s strong rally
Bulls are taking a breather on Monday after steep five-day rally fully retraced 1.1482/1.1121 bear-leg.
Daily studies are in positive setup and suggest bulls should remain in play after shallow consolidation on overbought conditions.…
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Sterling remains in red for the second day following upbeat US NFP
Cable remains under pressure on Monday and probes again through 100DMA (1.3508) which contained Friday’s drop (the pair was down 0.5% for the day) as pound came under increased pressure from better than expected US jobs data which inflated…
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US non-farm payrolls rose above expectations in January
The US non-farm payrolls rose well above expectations in January, adding 467,000 jobs vs forecasted increase by 150,000, while December’s figure was upwardly revised from initial 199,000 to 510,000.
The report showed jobless rate ticked…
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Oil price rally for the seventh straight week on geopolitical tensions and supply fears, $100…
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday.
Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and…
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Post-ECB bullish acceleration pressures key 1.1500 resistance zone
The Euro continues to trend higher for the fifth straight day, with extension of Thursday’s post-ECB 1.2% rally, pressuring key 1.1500 resistance zone (Jan 14 lower top / 200WMA).
The single currency was boosted by more hawkish that…
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Dollar falls further on BoE and ECB’s hawkish steer
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings.
Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed ECB’s narrative in…
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BoE’s hawkish hike lifts cable through pivotal 1.3600 resistance
Cable extends advance into fifth straight day, with fresh acceleration through important 1.3600 barrier (Fibo 61.8% of 1.3748/1.3357 bear-leg) which hit two-week high, being sparked by BoE’s hawkish shift.
The Bank of England hiked…
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Turkey’s inflation rises to highest in two-decades in January
Turkey’s inflation rose above expectations and hit the highest in twenty years in January.
Annualized figure jumped to 48.7% previous month, while monthly figure showed consumer prices rose 11.1% from December, with both figures…
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Bear-trap underpins fresh recovery
The dollar regained traction after four-day fall stalled on attempts to clear key supports at 114.36/31 (55DMA / Fibo 61.8% of 113.47/115.68).
Fresh strength signals formation of a bear trap, which underpins recovery, but requires…
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