GBPUSD under increased downside pressure
Cable remains under increased pressure and heads south for the second straight day (down 1% in two days).
Persistent weakness in Britain’s business activity, increasing pace of cutting jobs and growing concerns about government’s…
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GOLD – bears regained control and look for test of key supports
Gold price continues to trend lower for the third consecutive day, deflated by stronger dollar and optimism on signs of progress in US-EU trade talks.
Bears regained control after a double upside rejection and false break above the…
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BTCUSD hits two-week low but bears face headwinds
BTCUSD fell to the lowest in two weeks on Friday, on acceleration that resulted in losses of over 3% during Asian / early European session.
Weakened sentiment sparked fresh wave of sales that pushed the price through pivotal supports at…
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ECB keeps rates on hold in July due to persisting uncertainty on US-EU trade dispute
The European Central Bank left interest rates unchanged in its July policy meeting on Thursday after cutting eight times during the past year that halved interest rates from 4% to 2% after last month’s cut.
Inflation in the Eurozone…
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Gold extends pullback on growing risk sentiment
Gold price falls for the second day, as growing optimism over possible US-EU trade deal continues to fuel risk appetite and deflates safe-haven demand.
Fresh weakness emerged after bulls failed to register a clear break above trendline…
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XRPUSD – sharp pullback faces strong headwinds at key $3.00 support zone
XRP extends pullback from new high ($3.66) on Thursday after it dropped over 10% on Wednesday, in the biggest daily loss since March 3.
Repeated failure at $3.66 zone with strong upside rejections and double daily Doji candles, as well…
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EURUSD – bulls take a pause ahead of ECB
EURUSD eases from new two-week high (1.1760) on Wednesday, as traders reacted to overbought conditions and opted for partial profit taking after steep three-day rally.
Dips were so far shallow (contained by 20DMA at 1.1708), keeping…
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WTI Oil – bears hold grip as trade issues continue to sour the sentiment
WTI oil price remains in red for the fourth consecutive day and trading near new three-week low on Wednesday.
Bears hold grip despite a partial relief from announcement of US trade deal with Japan, as dissonant tone come from the EU (the…
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AUDUSD rises further on fresh risk appetite
AUDUSD kept firm tone and accelerated higher on Wednesday, extending its latest bull-phase into fourth straight day.
The pair hit the highest levels in over one week, lifted by announcement of US-Japan trade deal that fueled fresh risk…
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Gold hits new 5-week high on break above pivotal barriers at $3400 zone
Gold surged above $3400 barrier on Tuesday after a brief pause (shallow pullback from $3402 to $3383) and cracked next target at $3420 (triangle’s upper boundary).
Steep ascend extends into second consecutive day, with daily close above…
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