Gold falls 2% on fading safe haven demand
Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation.
Traders partially collected profits after gold repeatedly failed to sustain gains above…
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EURGBP rallies for the second day as dovish comments from BoE officials deflate pound
EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain…
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Crude Oil – Bears regain control as fears of conflict escalation fade
WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked ty Israel’s attack on Iran.
The sentiment changed quickly to negative on fading signals of escalation of the…
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Break of key Fibo level adds to strong bullish stance but 155 still marks significant barrier
USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone.
Technical picture on daily and weekly chart remains…
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Gold spikes above $2400 again as deteriorating geopolitical situation boosts demand
Gold probed above $2400 level for the second time, inflated by increased safe-haven demand following Israel’s attack on Iran early Friday.
Although the spike above $2400 (the metal’s price reached $2417) was so far short-lived, near-term…
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Solid US data lift dollar but risk of deeper correction exists
The dollar regained traction on Thursday, lifted by solid US economic data (weekly jobless claims matched last week’s figure and Philadelphia Fed manufacturing index surged to two year high in April, strongly beating previous release and…
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EURGBP looks for fresh direction signal
EURGBP dips in early Thursday’s trading, after a double upside failure at falling 100DMA (0.8572), the lower boundary of strong resistances at 0.8580 zone (including Fibo 38.2% of 0.8714/0.8498 downtrend and a multiple spike highs).…
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EURUSD holds grip but recovery still requires confirmation
The Euro remains constructive and ticks higher in early Thursday after Wednesday’s 0.5% bounce from new multi-month low, but initial reversal signal still needs more evidence to be validated, as daily studies are predominantly bearish.…
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Oil prices fall further on rising demand concerns and fading fears about escalation of the Middle…
WTI oil price dips further in early Thursday, in extension of previous day’s 3% drop (the second biggest daily loss in 2024) and hit new three-week low.
Stronger than expected rise in US crude inventories (EIA report) further raised…
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Inflation in EU continues to ease, adding to bets for ECB’s June rate cut plan
Eurozone inflation slowed further in March, aligning with expectations and reinforcing anticipation for a potential interest rate cut by the European Central Bank in June.
Inflation in the euro bloc decelerated to 2.4% in March from 2.6%…
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