Gold cracks pivotal support in post-Fed trading but lacks strength for clear break lower
Gold edged lower on Thursday following probe through pivotal supports at $3374/65 (Fibo 23.6% of $3120/$3452 / trendline support / 10DMA).
Near term sentiment weakened after Fed rate decision and comments from Chair Powell. Although…
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Fed keeps rates on hold, remains cautious in light of darkening economic and geopolitical outlook
The Federal Reserve kept its benchmark interest rate unchanged on Wednesday, as widely expected. While US policymakers reiterated that some rate cuts are still anticipated this year, they tempered the expected pace of those cuts due to…
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Dollar remains constructive ahead of Fed verdict
Dollar remains constructive ahead of Fed verdict
The dollar index held steady and moved within a narrow range following advance in past three days, as traders await announcement from Fed.
The dollar benefited from safe-haven demand on…
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Fed is expected to keep rates unchanged as worsening geopolitical situation and cooling economy…
The Federal Reserve is expected to keep interest rates unchanged at its June policy meeting as policymakers weigh signs of a cooling economy against risks of rising inflation, driven by recent US import tariffs and escalating tensions in…
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UK inflation cools in May but BoE focuses on threats from rising energy prices
British inflation rose by 3.4% y/y in May, compared to 3.5% in April, but missed forecast for 3.3% increase.
Core CPI, stripped for the most volatile food and components, was down to 3.5% in May, from 3.8% previous month and came in line…
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Cable – pullback finds footstep at key supports ahead of Fed / BOE rate decisions
Cable bounced from new three-week low (1.3415), hit after Tuesday’s 1.2% drop, boosted by weaker than expected UK inflation in May.
Weaker dollar also helps Wednesday’s recovery, as markets await Fed’s decision today and BOE’s monetary…
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US Retail Sales Disappoint in May Amid Broader Economic Concerns
Retail sales in the United States dropped more than expected in May, falling 0.9% after a downwardly revised 0.1% dip in April, according to the Commerce Department's Census Bureau. This decline disappointed expectations for only…
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Gold remains at the back foot but still above key supports
Gold trades within a narrow range on Tuesday morning, following almost 2% drop on Monday and daily close below psychological $3400 support (reverted to resistance and caps the action for now).
Surprise drop despite escalation of conflict…
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Oil prices dip sharply as no immediate threats on global supply fade bullish sentiment
WTI oil price fell over 6% until early US session on Monday, as traders collected profits from last week’s almost 13% rally.
Oil was lifted by easing trade tensions between US and China that boosted expectations of stronger economic…
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Gold may rise above $3500 if geopolitical situation escalates further
Gold surged to the highest in seven weeks ($3444) overnight following Israel’s attack on Iran that fueled safe haven demand and quickly lifted the price.
Break of $3400 zone (former strong resistances that reverted to supports) further…
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