Gold falls sharply on further cooling of Fed Dec rate cut expectations
Gold lost ground on Friday and fell over 3% following more hawkish tones from Fed policymakers that further dropped bets for December rate cut (below 50%, compared to 80% on Thursday and over 90% just a couple of days ago).
FOMC members…
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BTCUSD extends steep fall well below psychological100K support
BTCUSD holds in a steep descend for the fourth consecutive, with strong acceleration lower on Thursday / early Friday, being sparked by fresh sales of risky assets.
Traders remain concerned about lack of economic data following the…
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EURJPY hits new record high, intervention looms
EURJPY continues to trend higher and hit new record highs with Yen being additionally pressured by dovish comments from Japanese PM, who administration’s expressed preference to keep interest rates low.
On the other hand, comments from…
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GOLD takes a breather after recent rally but bulls remain in control above $4100
Gold price holds in consolidating mode for the second consecutive day, as bulls take a breather after strong rally on Monday, which broke above some key barriers and generated fresh bullish signals.
Very limited profit taking keeps the…
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EURGBP on track to resume uptrend after a shallow correction
Fresh bullish acceleration from new higher base at 0.8765, extends into second consecutive day and came just ticks ahead of 2025 peak (0.8829, posted last week) on track to fully reverse four-day 0.8829/0.8765 corrective leg and to resume…
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USDJPY hits new multi-month high, but possible FX intervention urges caution
USDJPY accelerated higher on Wednesday, as breach of recent multi-tops (148.50) triggered stops and pushed the price to the highest since early February.
The pair was up 0.45% on Wednesday morning, with recent break above bull-channel…
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USD INDEX eases further on rate cut expectations / stronger gold
The dollar index remains in red for the fourth consecutive day and extends the pullback that emerged after a failure to clearly break psychological 100 barrier and a bear trap at falling 200DMA, which reinforces the resistance.
Renewed…
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EURUSD attempts again through important Fibo barrier
The Euro remains constructive and probes again through cracked Fibo resistance at 1.1570 (38.2% of 1.1728/1.1468 descend), as recovery leg from 1.1468 was boosted by formation of bear-trap on weekly chart (under Kijun-sen).
Repeated…
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Gold rises over 2% on Monday, generates initial signal of an end of corrective phase
Gold rose over 2% at the start of the week and ticked above $4100 level, improving the near-term picture and sidelining the downside risk.
Fresh rise in demand was sparked by recent weak US economic data that increased pressure on dollar…
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Gold stays afloat near $4K but still lacks direction signals
Gold price edged higher on Friday, in a second attempt to clearly break above pivotal barriers at $3986 (tringle’s upper boundary) and $4000 (psychological) after Thursday’s action spiked to $4019 but failed to register daily close above…
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