Japanese yen remains under increased pressure
Japanese yen fell across the board, with the recent weakness being sparked by President Trump’s decision to impose a 25% tariffs on imports from Japan.
Yen suffered the biggest losses against US dollar and Australian dollar, after the…
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RBA surprises markets by keeping rates on hold in July policy meeting
The Reserve Bank of Australia (RBA) left its cash rate unchanged at 3.85%, as most board members preferred to wait for more evidence that inflation is slowing.
The central bank’s decision surprised markets, which had widely expected a 25…
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Gold dips on stronger dollar but key supports still hold
Gold price fell to one-week low on Monday after bulls repeatedly failed on approach to pivotal barrier at $3349 (50% retracement of $3452/$3246 bear-leg / daily Kijun-sen), with stronger dollar on risk aversion adding pressure on metal’s…
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USDJPY – dollar benefits from safe haven demand
The USDJPY pair jumps around 0.7% on Monday morning, as fresh risk aversion fuels demand for safe-haven dollar.
Monday’s acceleration penetrated daily cloud (spanned between 144.74 and 145.54) with cloud top being under increased…
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Australian dollar falls sharply on risk aversion ahead of widely expected 25 bps RBA rate cut
AUDUSD remains in red for the third consecutive day and accelerates losses in early Monday (down almost 1% in Asian / early European trading), to hit the lowest in nearly two weeks, on probe below psychological 0.6500 level.
Fresh risk…
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GOLD – bullish bias above $3325, US fiscal uncertainty underpins
Gold was firmer on Friday morning and recovered a part of post-NFP losses.
The metal is on track for a weekly gain after being in red for two consecutive weeks that adds to positive signals, as the price remains at the upper side of…
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US nonfarm payrolls rise expectations in June, unemployment rate falls
US nonfarm payrolls rose by 147,000 in June, following an upwardly revised gain of 144,000 in May, surpassing expectations for a 111,000 increase. The labor market also saw a surprise drop in the unemployment rate, which fell to 4.1% from…
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Cable falls sharply on political turmoil in UK
British pound fell across the board on Wednesday following fresh political storm in the UK, after finance minister Reeves’ budget plan was strongly hurt by a series of significant changes in welfare reform bill that undermined the position…
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DOLLAR INDEX – bears consolidate above multi-month low as markets await releases of key US…
The dollar index edged higher from new 3 ½ low on Wednesday, after US JOLTS report surprise jump brightened near term outlook and prompted a partial profit taking
Bounce was so far limited as the dollar remains pressured by uncertainty…
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GOLD – fresh rally provides temporary relief and boosts optimism
Recovery leg from $3246 (June 30 low) extends into second consecutive day and accelerated on Tuesday, recovering over 50% of the fall seen in past two weeks.
Weaker dollar on fresh tariff uncertainty as Trump’s July 9 deadline nears and…
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