USDJPY – pullback to find firm ground above 146.70 to keep larger bulls intact
Narrow consolidation follows Monday’s drop which found temporary footstep at 147 zone.
Pullback from last week’s three-month high (149.18) pauses but still has more space to extend lower.
Fibo 38.2% retracement of 142.68/149.18…
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EURUSD – recovery picks up and boosts optimism
EURUSD regained traction and extended recovery on Monday, signaling formation of higher base at 1.1560 zone) and generating initial signal that correction from new 2025 peak (1.1830, posted on July 1) might be over.
Break above first…
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Gold rises on weaker dollar
Gold price rose on Monday and moved to the upper part of near-term range ($3320/$3377) after another attack at the top of rising daily cloud was rejected last Thursday.
Rising daily cloud continues to underpin the action since January…
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Bitcoin – repeated failures at 120K barrier warn of further sideways action
BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike…
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Dollar remains constructive, weekly close eyed for fresh signal
The dollar index keeps overall firm tone and heading for the second straight weekly gain, with some important technical barriers being cracked this week.
However, situation on daily chart indicates that bulls might be running out of…
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XRP – limited pullback from new record high anticipated
XRP remains the top performer among crypto assets and extended steep ascend to new record high ($3.66) following nearly 10% advance on Friday.
The sentiment has improved strongly after the US House of Representative has eventually passed…
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Gold holds in extended near-term range but overall picture remains bullishly aligned
Gold price stays in red on Thursday, with additional pressure seen from better than expected US retail sales which add to Fed’s stance of staying on hold with interest rates until getting clearer signals about inflation.
Fresh bears…
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Australian dollar came under increased pressure from weak labor data
Australian dollar fell almost 1% against its US counterpart during Asian / early European session on Thursday, deflated by disappointing labor data.
Australian unemployment jumped unexpectedly in June, hitting the highest in 3 ½ years,…
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Britain’s inflation unexpectedly jumps in June
Britain's annualized inflation unexpectedly rose to its highest in over a year at 3.6% in June, potentially making it a tougher call for the Bank of England to cut interest rates next month.
June's reading took the annual CPI rate to its…
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Gold – limited losses after US CPI data
Gold fell in immediate reaction to higher than expected US inflation in June that adds to Fed’s existing stance of keeping interest rates on hold until they have clearer picture of tariff impact on consumer prices.
Fresh weakness broke…
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