EURUSD, ECB Chairman Mario Draghi will be speaking today in Portugal and is expected to affect…
Last week, the Council of the ECB Monetary policies announced a timetable for declining quantitative easing (QE). The announcement predicted an increase in interest rates starting second half of 2019 which led to a decline in demand for the…
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SPOT GOLD falls on tariffs announcement; break below $1292 pivot to spark further weakness
Spot Gold price fell after US tariff announcement, extending weakness from Thursday's high at $1309 where rally was rejected.
The dollar benefited from dovish ECB on Thursday, sending the yellow metal price down, with additional pressure…
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WTI OIL stands at the back foot on concerns about production increase
WTI oil holds in red on Friday as on rising concerns among market participants that OPEC could vote to increase output at its meeting next week.
Shortage in supplies from Iran and Venezuela pressures main world oil producers to think of…
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AUDUSD bears eye key support at 0.7412, in extension of Thursday’s 1.3% fall
The Aussie dollar holds in red on Friday following previous day's strong fall when the Australian currency was down 1.3% against its US counterpart.Weak Australian jobs data and China's data did not make stronger impact on Aussie, but it…
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GBPUSD pressures key supports at 1.3207/04 as negative impact from ECB impacts pound
Cable dipped to new low at 1.3211 in early Friday's trading, in extension of previous day's strong fall, when the pair was down 09% for the day.
Strong bearish acceleration of Euro on dovish ECB dragged pound with negative impact…
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USDJPY hits new highs as BoJ keeps ultra-easy policy; bulls consolidate ahead of push towards key…
The pair extended rally on Friday and hit new three-week high at 110.90 after BoJ decided to keep ultra-easy policy on today's meeting.
The dollar remains bid after hawkish Fed and Thursday's close above strong option-barrier at 110.50 but…
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EURUSD – bears eye key support at 1.1509 after Thu’s 2% fall; correction may precede…
The Euro remains in red on Friday and extends weakness from the previous day when it fell 2% on dovish ECB.
Thursday's fall marked the biggest one-day loss in two years and bears eye key support at 1.1509 (29 May low), following…
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ECB in free fall after ECB ruled out any rate hike till late 2019 and kept QE
The Euro is in free fall after ECB and chief Draghi's remarks on post policy meeting press conference.
The pair so far fell nearly 1.5% since ECB's rate announcement and showing scope for further weakness. Initial negative signal was…
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WTI OIL – extended recovery eyes key barriers at $67.53/83
WTI oil remains steady on Thursday and extends recovery to new two-week high at $67.13. The price continues to trend higher within rising daily cloud, spanned between $65.90 and $67.83.
Bullish near-term sentiment was additionally boosted…
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GBPJPY – near-term outlook improves following rally on upbeat UK data, but the price remains…
The cross moved higher around 60 pips as pound got boosted from stronger than expected UK retail sales (May 1.3% vs 0.5% f/c and Apr upward-revised figure at 1.8%).
Fresh strength pressures tops of 147.98/12 congestion which extends into…
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