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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USDCHF rises to the highest in nearly five months
The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday.
Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss…
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USDJPY – strong intervention warning after the pair hit new multi-decade high
USDJPY rose to new, marginally higher multi-decade high (151.97) in Asian session on Wednesday, signaling that bulls remain firmly in play, after the dollar received fresh boost from better than expected US data on Tuesday.
Bullish…
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US durable goods orders rebound in February
The recent data on US durable goods orders paints a positive picture for the economy, indicating a stronger-than-expected increase of 1.4% in February, surpassing the forecast of 1.1%. Although there was a downward revision in January's…
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WTI Oil takes a breather after Monday’s 1.40% advance
WTI oil price is holding within a tight range on Tuesday and consolidating Monday’s 1.40% advance, sidelined by mixed fundamentals.
Supply concerns following recent attacks on Russian oil installation, which may cause longer disruptions…
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Gold retests $2200 barrier on renewed safe-haven demand
Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks.
Market awaits release of US inflation data, due later this…
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