Bank of Japan surprises markets by raising interest rate
The Bank of Japan's unexpected decision to raise interest rates and unveil a plan to slow its massive bond-buying program marks a significant shift in its monetary policy stance. This move has several immediate and longer-term economic and…
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Dollar index jumps on solid US data
The dollar index rose to three-week high on Tuesday, following stronger than expected US JOLTS data and consumer confidence.
Solid numbers add to view that the US economy remains resilient and offered fresh support to dollar.
Bulls…
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AUDUSD holds in extended consolidation above strong supports
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days.
Bears are taking a breather on stretched…
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EURUSD corrects Monday’s drop, looks for fresh direction signal
EURUSD edges higher on Tuesday morning after strong fall on Monday was contained by solid support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and also failed to register a daily close below cracked converged…
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BTCUSD rises to six-week high on improved fundamentals
BTCUSD accelerated higher on Monday (up 2.8% until early US trading) supported by dovish stance of most of major central banks and comments from Republican presidential candidate Donald Trump, who promised friendlier regulation to t5he…
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GBPUSD – bears resume after a brief consolidation
Cable fell further at the beginning of the week, after larger bears paused for consolidation on Friday.
Current bets show 60% chance of BoE rate cut at Thursday’s policy meeting, which continues to weigh on sterling.
Technical picture…
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Oil price rises on growing geopolitical tensions but still holding under key resistances
WTI oil opened with gap higher on Monday, as supply worries rose after the latest escalation of the conflict in the Middle East, which threatens of deepening crisis.
The price bounced from last week’s low, retracing around 50% of…
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US inflation ticks higher in June – PCE
The US personal consumption expenditures (PCE) price index, Fed’s preferred inflation gauge for monetary policy, ticked up 0.1% in June after flat figure in May.
Annualized PCE price index climbed 2.5% previous month, in line with…
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Gold edges higher from daily cloud top as markets await release of US data
Gold price rose on Friday, as traders collected some profits from sharp fall in past two days (down nearly 3%), with strong acceleration lower on Thursday being sparked by upbeat US Q2 GDP numbers.
Strong technical support, provided by…
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USDJPY – upticks under daily cloud base to mark positioning for fresh push lower
USDJPY keeps slight bullish bias on Friday and attempting to generate initial reversal signal, after larger bears stalled on Thursday and left long-tailed Doji on bounce from new multi-week low, which also formed a bear-trap on daily chart…
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