S&P 500 opens with gap lower but bears may pause for consolidation after last week’s…
S&P500 opened with one full figure gap lower on Monday and hit the lowest levels since mid-January 2024, in extension of last week’s 8.75% drop.
The price tumbled after President Trump announced implementation of tariffs on all goods…
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Gold – reaction at key $3000 level to provide fresh direction signals
Gold dipped below $3000 and hit the lowest in three weeks in early Monday trading, in extension of pullback from new record high in past two days.
Sharp selloff surprised markets as gold price should have risen further in…
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Dax accelerates lower on trade war escalation
Dax accelerated sharply lower on Friday after China announced its 34% tariffs on US goods, worsening further near term outlook.
The index was down nearly 5% on Friday and on track for a weekly loss of 7.5%, the biggest in more than a…
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Dow Jones remains firmly in red, on track for weekly drop of over 5%
Dow was down 4.8% in past two days, strongly pressured by risk aversion as markets fear of deeper crisis that US tariffs and counter measures could cause on global economy.
From the technical point of view, daily studies are in full…
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US nonfarm payrolls strongly beat expectations in March
US nonfarm payrolls increased by 228K jobs in March, compared to February’s downwardly revised figure to 117K from initial release at 151K, and strongly beat expectations for 137K increase.
Upbeat March numbers boost optimism, though…
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WTI Oil – bears hold grip after a massive losses in past two days
WTI oil price remains in a steep fall for the second straight day and hits the lowest levels since December 2021 on Friday, after US tariffs rattled global markets and soured sentiment.
Unexpected decision of OPEC+ group to increase…
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USDJPY – bears take a breather but recovery is likely to be limited
USDJPY edged higher on Friday morning, showing a partial recovery of Thursday’s 2.1% drop (the biggest daily drop since 1 May 2024).
Long lower shadows of daily candles of today / Thursday) point to growing bids) although recovery is…
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AUDUSD was the top loser of Asian / early European trading on Friday
AUDUSD was sharply down during Asian / early European sessions on Friday, falling over 2% so far and being the top loser of the day.
The Ausie dollar remains under strong pressure from risk aversion that continue to weaken stocks and…
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Dollar falls almost 2% in atypical reaction on US tariffs
The dollar was sharply down across the board on Thursday, smashed by the latest large package of import tariffs that President Trump announced on Wednesday.
The dollar index fell to a six-month low following strong acceleration lower, in…
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USDJPY pressure the lower boundary of near-term range ahead of tariff announcement
USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here).
Fresh weakness pressures 20DMA (149.06, where bears faced strong rejections in…
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