GOLD – bulls take a breather, dips likely to be shallow and find ground above key 2600 support
Gold edged lower from new record high ($2670) early Wednesday, taking a breather after advancing 1.10% on Tuesday, lifted by weaker dollar on expectations that the Fed may continue with stronger rate cuts.
People’s Bank of China decision…
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Weaker than expected Ifo data warn that German economy is coming under increased pressure
The data from German Ifo institute released on Tuesday, showed that business morale fell more than expected in September and extends decline into fourth consecutive month.
Ifo business climate index dipped to 85.4 in September (the…
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AUDUSD dips after less hawkish RBA, but larger bulls remain intact
AUDUSD eased from new multi-month high on Tuesday after the Reserve Bank of Australia kept rates unchanged in today’s policy meeting, but comments from Governor Bullock were less hawkish than expected and sidelined expectations for possible…
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Weak data deflate Euro but larger bulls remain in play
EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment.
Fresh weakness adds to reversal signals from recent repeated strong…
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BTCUSD – bulls likely to take a breather following repeated failure at 200DMA barrier
BTCUSD edged higher on Friday and hit new three week high, in attempts to extend 4.6% advance on Thursday.
Bitcoin received strong boost from Fed rate cut and underpinned by dovish shift in global rate view.
Technical picture is…
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Japanese yen loses ground as BoJ keeps rates on hold and says not in hurry for further tightening
USDJPY jumped over two figures on Friday after Bank of Japan kept interest rates unchanged and signaled it was not in rush for further hikes, despite the borrowing cost is still very low.
Renewed attempt higher comes after…
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Gold surges to new all-time high above $2600
Gold broke through psychological $2600 barrier and hit new all-time high on Friday morning, on track to register clear break higher after the resistance was cracked in post-Fed jump but resisted attack.
The yellow metal shined after…
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The Bank of England stays on hold in September policy meeting
The Bank of England kept interest rates unchanged at 5.0%, with an almost unanimous 8-1 vote to hold rates in the September policy meeting, after the central bank delivered its first rate cut since 2020 last month.
The UK policymakers…
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Dollar index lacks direction signals in post-Fed trading
Wide post-Fed swings signal that the dollar is still looking for direction, as long-tailed Wednesday’s candle and long upper shadow forming today, support scenario of extended directionless mode.
Short-lived spike below psychological 100…
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Fed’s decision for 50 basis points rate cut signals that inflation is no longer the central…
The US Federal Reserve’s decision to reduce interest rates by 50 basis points in its September policy meeting reflects its growing confidence in the economic recovery and the continued easing of inflation.
Fed Chair Jerome Powell…
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