Dow Jones remains firmly in red, on track for weekly drop of over 5%
Dow was down 4.8% in past two days, strongly pressured by risk aversion as markets fear of deeper crisis that US tariffs and counter measures could cause on global economy.
From the technical point of view, daily studies are in full…
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US nonfarm payrolls strongly beat expectations in March
US nonfarm payrolls increased by 228K jobs in March, compared to February’s downwardly revised figure to 117K from initial release at 151K, and strongly beat expectations for 137K increase.
Upbeat March numbers boost optimism, though…
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WTI Oil – bears hold grip after a massive losses in past two days
WTI oil price remains in a steep fall for the second straight day and hits the lowest levels since December 2021 on Friday, after US tariffs rattled global markets and soured sentiment.
Unexpected decision of OPEC+ group to increase…
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USDJPY – bears take a breather but recovery is likely to be limited
USDJPY edged higher on Friday morning, showing a partial recovery of Thursday’s 2.1% drop (the biggest daily drop since 1 May 2024).
Long lower shadows of daily candles of today / Thursday) point to growing bids) although recovery is…
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AUDUSD was the top loser of Asian / early European trading on Friday
AUDUSD was sharply down during Asian / early European sessions on Friday, falling over 2% so far and being the top loser of the day.
The Ausie dollar remains under strong pressure from risk aversion that continue to weaken stocks and…
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Dollar falls almost 2% in atypical reaction on US tariffs
The dollar was sharply down across the board on Thursday, smashed by the latest large package of import tariffs that President Trump announced on Wednesday.
The dollar index fell to a six-month low following strong acceleration lower, in…
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USDJPY pressure the lower boundary of near-term range ahead of tariff announcement
USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here).
Fresh weakness pressures 20DMA (149.06, where bears faced strong rejections in…
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WTI oil price consolidates under new multi-week high, awaiting President Trump’s verdict on…
WTI oil price is trading under new five-week high ($72.08, posted on Tuesday) after the price rallied 2.8% on Monday (the biggest daily gain since Jan 15).
Slight easing so far looks more like a consolidation rather than stronger…
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Gold steady near new all-time high as markets await announcement of new US tariffs
Gold prices remain firm and hold above $3100 for the second consecutive day, after the metal hit new record high at $3149 on Tuesday.
Strong safe haven demand on high economic and geopolitical uncertainties continues to lift gold price,…
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Solid Eurozone manufacturing PMI in March boosts optimism, US tariffs loom
Eurozone Manufacturing Purchasing Managers' Index jumped to 48.6 in March from 47.6 previous month and came just below consensus at 48.7.
Fresh rise pushed the index value closer to 50 threshold that divides contraction from growth,…
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