USDJPY – bulls hold grip for retest of pivotal Fibo barrier
USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally.…
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EURUSD extends steep fall as political uncertainty sours the sentiment
EURUSD extends sharp fall into second straight day and trading near the lowest in 1 ½ month low on Friday.
Fresh risk aversion on growing political uncertainty in France, with tremors hitting the whole euro-bloc, put the single currency…
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EURGBP at new multi-month low but bears may pause on oversold conditions
EURGBP hits new multi-month low (the lowest since early Aug 2022) on Friday and is on track for the biggest weekly loss since the first week of January, after starting to trade this week with gap lower, weighed by growing political…
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USDJPY keeps bullish bias but looks for direction signal
USDJPY remains resilient following limited negative impact from CPI/Fed on Wednesday and today’s jobless claims and PPI data but continues to struggle to clear June’s peak at 157.47.
Near-term action is holding within a range which…
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XAUUSD – medium term outlook – $2500 target remains in focus but consolidation likely to…
Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive.
Persisting geopolitical tensions and threats of escalation continue…
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EURUSD remains constructive despite more hawkish than expected Powell
EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s.
The single…
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Australian dollar rallies 1.35% vs its US counterpart as US inflation eases below expectations
Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut.
AUDUSD pair…
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Dollar falls sharply on softer than expected US May inflation numbers
The US dollar fell across the board in immediate reaction to softer than expected US May inflation numbers, which revived hopes for Fed rate cut in September.
US m/m consumer prices were flat in May after 0.3% increase in April and…
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Cable remains constructive despite weak UK GDP numbers, all eyes of US CPI / Fed
Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April / construction and manufacturing output fell sharply) as traders await release of US CPI data…
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UK economic growth slows in April – a bad signal for Conservative Party ahead of election
UK month on month gross domestic product was flat in April, in line with expectations after a 0.4% rise in March, while annualized GDP showed rise by 0.6% in April, ticking down from 0.7% previous month and meeting forecasts, but the…
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