USDJPY – bears hold grip and crack pivotal support zone
USDJPY remains firmly in red and cracked pivotal Fibo level at 140.48 (61.8% retracement of 127.22/161.95), the upper boundary of 140.48/00 key support zone, after renewed weakness in past two days fully offset positive signal from…
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Gold hits new record high
Gold price entered uncharted territory again on Thursday, after fresh acceleration higher (the price was up slightly above 1% in early US trading) was sparked by US economic data which added to expectations for Fed rate cut next week.…
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ECB cuts interest rates by 0.25% as expected and provides no signals on next steps
The European Central Bank cut interest rates by 25 basis points to 3.50%, in a widely expected decision.
The second rate cut since June suggests that the ECB entered easing cycle, although the central bank did not provide any significant…
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EURUSD awaits ECB’s verdict
EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision.
The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut.
With…
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Cable cracks psychological 1.30 support after US inflation data
Cable accelerated lower after US inflation data on Wednesday and hit the lowest in three weeks, pressuring psychological 1.30 support.
US inflation data were mainly in line with expectations, but core CPI showed signs of stickiness,…
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US CPI steady in August but underlying inflation remains sticky
The US consumer prices increased 0.2% month on month in August, unchanged from July and in line with expectations.
Annualized CPI advanced 2.5%, marking the smallest rise since February 2021 and fell below July figure which showed increase…
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USDJPY – key supports under pressure
USDJPY fell to the lowest in 8 ½ months on Wednesday (140.70) following probe through pivotal support at 141.68 (Aug 5 spike low).
Subsequent bounce came from oversold conditions on daily chart, with partial profit taking to…
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Gold price nears record high ahead of US inflation data
Gold price rose for the third consecutive day and came ticks ahead of new all-time high in early Wednesday’s trading.
Markets await the release of US August CPI report to complete the picture ahead of Fed policy meeting next week.
If…
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China’s exports rose well above expectations in August but weaker imports soured the sentiment
China's trade data for August presents a mixed picture, with strong export growth contrasting sharply with disappointing import performance.
Exports surged by 8.7% year-on-year, the fastest pace in nearly 18 months, suggesting that Chinese…
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EURUSD faces again strong headwinds at pivotal Fibo support
EURUSD is pressuring pivotal support at 1.1040 (Fibo 38.2% of 1.0781/1.1200 bull-leg), after facing several rejections at this level recently.
Tuesday’s action is so far holding in a narrow range, following a strong fall in past two…
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