Australian dollar falls on weak economic data
AUDUSD fell to one-week low on Tuesday, falling 1% until early US session, deflated by fall in iron ore and unexpected widening of Australia’s current account gap, while US manufacturing sector performed in August slightly better than…
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Dollar Index – bulls lose traction but hold grip, as markets await release of US labor data
The dollar index eases from new two-week high on Monday, after strong three-day recovery rally showed initial signs of fatigue.
Repeated rejection at 101.72 barrier (50% retracement of 103.06/100.38 bear-leg / 4-hr cloud top) and…
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GBPJPY – probe above pivotal 200DMA is generating initial signal of bullish continuation
GBPJPY rose to one-month high on Monday and generated initial signal of bullish continuation on probe above the top of month-long range (192.16) reinforced by 200DMA.
Firm break here to confirm signal and open way for fresh upside, with…
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Oil prices remain under pressure on demand concerns, OPEC production increase
Oil price fell further in early Monday, in extension of Friday’s 3% drop (the biggest daily loss since Aug 14).
The sentiment weakened further on renewed concerns about demand from the US and China, partial reopening of Libya’s oil…
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US inflation ticks higher and consumer spending accelerates in July
The US personal consumption expenditures price index (PCE), closely watched by Fed as preferred inflation gauge, rose 0.2% in July after 0.1% gain in June, in line with forecast.
Annualized PCE price index increased 2.5%, unchanged from…
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Gold is trading in a narrow range but holds firm tone ahead of release of key US PCE inflation…
Gold keeps firm tone and holding near new all-time high on Friday, awaiting release of US PCE data (due later today) for fresh signals.
The metal remains well supported by strong demand (as safe haven as well as large purchases by…
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Dollar Index – bears take a breather for limited correction ahead of key US data
The dollar index extends recovery into second straight day, lifted by short covering ahead of key supports at 100.29/21 zone (Dec 2023 low / 200WMA).
Oversold daily studies contributed to fresh rise, as stochastic and RSI emerged from…
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WTI OIL – fresh fall of oil price signals an end of corrective phase
Oil price declines for the second straight day after recent three-day strong recovery rally was repeatedly rejected just under 200DMA ($77.80).
Subsequent weakness generated reversal signal following a break below pivotal support at…
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EURUSD – bulls are pausing under 1.1200 barrier
EURUSD edges lower on Wednesday after repeated failure to break 1.1200 barrier, but near-term action can be described as consolidation, as long as the price stays above first pivots at 1.1124/14 (trendline support / rising 10DMA) and 1.1100…
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AUDUSD lacks strength to hold gains on above forecast Australian CPI
AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark.
Although subsequent dip was shallow, it sends initial warning that…
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