WTI oil – brightening demand outlook continues to inflate the price
WTI oil price continues to trend higher and hit five-month high on Tuesday, probing above $85.00 barrier for the first time since late October.
The last bull-leg extends into fourth consecutive day, underpinned by brightening demand…
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EURUSD – bears eye 2024 low
The Euro fell to new multi-week low early Tuesday, weighed by firm dollar and recent dovish comments from ECB policymakers, who see four rate cuts in 2024.
Monday’s 0.4% drop and close below 1.0762 (Fibo 76.4% of 1.0695/1.0981 upleg),…
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Bitcoin remains within extended range
Bitcoin edged lower on Monday but remains within the longer range which extends into seventh consecutive day.
Near-term action remains sideways and looking for stronger direction signals, as daily studies are mixed (fading positive…
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Gold hits new record high on growing hopes for Fed rate cut in June
Gold hit new record high ($2265) in early Monday’s trading, as markets reopened after Good Friday’s pause.
The metal starts the month in firm bullish mode, after softer US inflation data boosted expectations for Fed’s first rate cut in…
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US inflation rises moderately in February – PCE
US prices rose moderately in February and the cost of services excluding housing slowed considerably, keeping market expectations for Fed’s first interest rate cut in June on the table.
The personal consumption expenditures (PCE) price…
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Cable moves within extended range ahead of key US data
Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday.
Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly…
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US economy grew faster than expected in Q4 (GDP)
US Gross domestic product expanded by 3.4% year-on-year in the last three months of 2024, surpassing the previously reported 3.2% and exceeding forecasts for 3.2% growth. This revised estimate in the third assessment of fourth-quarter GDP…
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EURUSD – bears probe through key support zone
The Euro holds in red for the third consecutive day and accelerates lower in early Thursday, cracking pivotal supports at 1.0800/1.0790 zone (former higher base / Fibo 61.8% of 1.0695/1.0981 / base of thick daily Ichimoku cloud).…
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UK economy entered recession last year – GDP
The UK's economic performance in 2023 reflected a challenging environment, with GDP contracting by 0.1% in the third quarter and a further 0.3% in the fourth quarter, as confirmed by official figures. This confirms that the UK entered a…
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AUDUSD – bearish bias below the base of thick daily cloud
AUDUSD remains under pressure as the price action was capped by the base of thick daily cloud (currently at 0.6531) in past few sessions, while a batch on daily MA’s in bearish configuration, weighs heavily.
Bears pressure a higher base…
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