EURUSD – bulls regain control and look for retest of key barriers
EURUSD regained traction on Wednesday after moving within wide swings but without direction in past two days.
Fresh strength looks for retest of pivotal barriers at 1.0768/71 (55DMA / daily cloud base), which capped Monday’s attack.…
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Gold price rises ahead of key economic data but still holding within broader range
Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days.
Fresh strength hit the highest in almost two weeks, though the wider picture shows the price moving within larger range…
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Fed needs more evidence of falling inflation before start cutting rates – Powell
The US central bank still needs more data before cutting interest rates to ensure that recent weaker inflation readings give a true picture of what is happening to underlying price pressures, Federal Reserve Chair Jerome Powell said on…
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WTI oil price rises above $84 for the first time in over two months
WTI oil price rose to nine-week high on Tuesday, in extension of strong Monday’s strong rally (up almost 2.5% for the day).
Increased demand due to summer driving season and persisting supply fears on heated geopolitical situation…
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Eurozone inflation eases slightly in June
Eurozone inflation slowed slightly to 2.5% in June from the previous month's 2.6%, aligning with expectations. However, core inflation remained unchanged at 2.9%, slightly above the 2.8% consensus forecast.
This persistence in core…
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USDJPY hits new multi-decade high despite persisting intervention threats and overbought studies
USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri.
Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to…
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EURUSD – post-French election rally was so far capped by thickening daily cloud
EURUSD - post-French election rally was so far capped by thickening daily cloud
EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French…
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GBPJPY hits new multi-year high
GBPJPY remains in an unobstructed uptrend and hit new multi-year high (the highest since 2008) in early Monday.
The cross extends steep ascend into eleventh straight day, after registering the sixth consecutive monthly gain in June.…
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GBPUSD – initial signals of reversal above thickening daily cloud developing on daily chart
Cable edged higher in European trading on Friday ahead of release of US inflation data, today’s key economic event, with better than expected UK Q1 GDP numbers adding to improving sentiment.
Technical picture shows conflicting signals…
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Britain’s economy expanded above expectations in Q1
The latest data shows that the UK's GDP growth of 0.7% in Q1 2024 exceeded expectations and marked an exit from recession. Despite this positive economic performance, the broader economic conditions remain fragile, primarily due to low…
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