EURUSD holds in extended sideways mode, initial negative signals developing on daily chart
Near-term action remains in a directional mode and ranging between converged 55/200DMA’s (1.0831) and 100DMA (1.0871).
Strong rejections in both directions in past few sessions add to neutral stance, with the pair looking for fresh…
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BTCUSD – bulls regain control and look for retest of new record high
Bitcoin surged almost 5% on Monday and rose to the highest since March 14, after fresh bulls cleared psychological $70000 level and Fibo barrier at $70735 (76.4% retracement of $73839/$60688 correction).
New record high ($73839) came to…
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German industrial production rises more than expected in February
Industrial production in Germany increased by 2.1% in February compared to the previous month, significantly surpassing the median forecast of 0.6%. This follows a similarly strong upwardly revised increase of 1.3% in the previous…
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Gold hits new record high above $2300
Gold continues to trend higher and posted new record high ($2354) in early Monday trading, in extension of last week’s 4% advance, which generated strong bullish signal on weekly close above psychological $2300 barrier.
The metal remains…
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US hiring strongly beats expectations in March – NFP
US nonfarm payrolls increased by 303K in March, compared to slightly lower revised February’s figure (270K from 275K) and strongly beat median expectations for 212K rise.
Stronger than expected US hiring in March while wages continue to…
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USDJPY trades within extended narrow range ahead of key US labor data
USDJPY remains within a two-week range and consolidating just under multi-year peaks at 151.90/152.00 zone (tops of Oct 2022 / Nov 2023 / March 2024).
Extended sideways mode (the pair is on track to end the second consecutive week in a…
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Gold jumps from $2200 to $2300 in just four days, overextend studies warn of correction
Gold hit new record high on Thursday on brief probe above psychological $2300 barrier and recorded the fastest rise from one to the other round-figure level, travelling only four days from $2200 to $2300.
The metal remains well supported…
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USDCHF – bulls hold grip on signals of another SNB rate cut
The USDCHF regained traction on Thursday after a shallow pullback from new five-month high (0.9095) and holding within a narrow consolidation.
Softer than expected Swiss inflation data adds to expectations that the SNB will opt for…
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AUDUSD – Strong recovery cracks pivotal barriers at 0.6600 zone
AUDUSD rallies for the third straight day, lifted by weaker US dollar and downbeat US services PMI data (released on Wednesday).
Bulls cracked pivotal 0.6600 resistance zone (double-Fibo / 100DMA / round-figure), trading at these levels…
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GBPUSD – slight bullish bias above 200DMA but thin daily cloud is still significant obstacle
Cable extends recovery from 1.2540 double bottom (Apr 1 / 2 lows) and pressuring significant barrier at 1.2674 (daily cloud top / Fibo 38.2% of 1.2893/1.2539), as bulls regained traction after a false break below pivotal 200DMA support…
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