Cable eases after soft CPI data but still lacks clearer direction signals
Cable fell to two-week low on Wednesday on softer than expected UK February inflation data that fuel expectations for BoE rate cut in May.
Fresh weakness pressure support at 1.2883 (20DMA / last Friday’s low) break of which to open way…
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Gold – bulls regain traction after a double rejection at key $3000 support
Gold price bounced on Tuesday after a double failure on important $3000 support signaled that shallow correction from new record high might be over.
Persisting uncertainty over the magnitude of negative impact from looming US reciprocal…
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German business sentiment improves in March – Ifo
German business morale rose in March, according to an Ifo survey released on Tuesday, as companies anticipate a recovery after two years of economic contraction in Europe’s largest economy.
The Ifo Institute reported that its business…
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EURUSD – recovery attempts above Fibo support / 20DMA
EURUSD ticked higher on Tuesday after four-day pullback from new multi-month high at 1.0954 (larger rally stalled just under Fibo resistance at 1.0969) found temporary footstep at 1.0771 (Fibo 23.6% of 1.0177/1.0954 rally).
Partial…
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Bitcoin – bulls regain traction on softer tariff rhetoric
Bitcoin jumped on Monday, advancing 2.7% until early US trading, as softer tones on tariffs from Trump’s administration revived positive sentiment.
Fresh strength emerges above multi-day range and generates positive signal on break of …
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USDJPY – bulls attack again pivotal 150 barrier
USDJPY remains constructive and attacks again key barriers at 149.80/150.00 (bear-channel upper boundary / psychological) on Monday, after a double failure at 150 level last week.
Technical picture is improving on daily chart (converging…
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Gold – key $3000 support so far holds pullback from new record high
Gold holds within a narrow range at the beginning of the week but remains constructive above $3000 level (psychological / 10DMA).
Recent pullback from new historical high ($3057) found firm ground at $3000 which was highlighted as strong…
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Bank of England keeps interest rates on hold
The Bank of England kept its interest rates unchanged at 4.5%, in a widely expected decision on monetary policy meeting on March 20.
Growing uncertainty over global economy, primarily due to escalating trading war, but also on economic…
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EURUSD – bulls lose traction, eye key supports at 1.0800 zone
EURUSD holds in red for the second straight day on Thursday and extends pullback from new highest level in more than five months.
Double rejection under Fibo resistance at 1.0969 (76.4% of 1.1214/1.0177 downtrend) and overbought studies…
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Gold – limited dips seen as positioning for fresh gains
Gold eases from new all-time high ($3057) on Thursday, as strongly overbought daily studies prompted partial profit taking, while stronger dollar also pressured metal’s price.
Gold price advanced strongly after a recent consolidation and…
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