Gold remains under increased pressure ahead of FOMC decision and more important remarks from Powell
Gold holds in red for the third consecutive day, pressured by growing fears that elevated oil prices would lift inflation and prompt Fed to take more hawkish stance on monetary policy.
The yellow metal remains in defensive since…
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Brent price hits one-month high on worries over USA/Iran peace talks stall
Brent oil rose over 4% on Tuesday and hit its highest in almost one month, as growing uncertainty over disappointing signs from Middle East peace talks, with Strait of Hormuz remaining mainly closed and raising fears about stronger negative…
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EURUSD – recovery accelerates and cracks daily cloud top, 20/200 DMA bull-cross underpins
The Euro firmed further on Monday, generating initial signal of formation of reversal pattern on daily chart.
Recovery from a higher base at 1.1660 zone extends into second straight day and cracks significant barrier at 1.1745 (top of…
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USDJPY slows on approach to 160 zone as Japan’s authorities repeat signals of potential…
USDJPY keeps firm tone and trading near psychological 160 barrier, with near term action being slower on Friday, in comparison to strong gains in previous few sessions.
The pair is on track for the weekly gain after being held in red for…
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British inflation rises above expectations on energy shock from the war
Inflation in Great Britain rose to 3.3% y/y in March from 3.0% in February, in line with expectations, while monthly inflation was up by 0.7%, compared to 0.4% increase in March and consensus for 0.6% rise.
Core inflation, excluding…
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Dollar index trades within extended range as investors await fresh direction signals
The dollar was firmer in Asian / European trading on Tuesday and partially recover Monday’s losses (down 0.36% for the day), but near-term action remains within the boundaries of recent congestion ($97.40/$98.22) as traders await fresh…
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WTI Oil – bearish bias below $90 barrier
WTI oil opened $5 higher and gained over 6% at the start of the week, as “Trump Indicator” (one of key fundamental market drivers nowadays) changed direction during the weekend on fresh tensions over Strait of Hormuz, which was opened on…
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Gold price drops on renewed geopolitical tensions and stronger dollar but remains with near-term…
Gold opened with gap-lower on Monday, hitting levels around $150 lower from Friday’s high, as sentiment changed again on escalation over the weekend that resulted in closure of Hormuz strait.
Fresh negative developments on the ground…
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Brent oil price falls 10% as Iran opens Hormuz Strait
Crude oil prices were sharply down on Friday on announcement from Iranian government that the Strait of Hormuz was open for all commercial vessels.
Brent crude price fell around 10% immediately after the announcement in early…
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EURUSD hits pre-war levels, on track for further gains on growing risk appetite
The Euro jumped to two-month high on Friday, as bulls regained traction after eight-day rally paused for narrow consolidation in past two sessions.
Further drop of the dollar continued to fuel risk appetite and provided fresh support to…
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