Gold is consolidating after 4.6% advance last week, US inflation data eyed for fresh signals
Bulls are taking a breather and consolidating within a narrow range on Monday, just under new all-time high ($2195) and psychological $2200 barrier.
The yellow metal continues to shine (advanced 4.6% last week, in the biggest weekly gain…
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USDJPY descends further on diverging Fed / BOJ policy outlook
USDJPY continues to trend lower as dollar was deflated by growing bets for Fed’s rate cut in coming months, while yen rallies on strong signals that the Bank of Japan could start raising interest rates this month, with scenario being…
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Bitcoin surges to new record high above $71000
Bitcoin is trading near new record high above $71000 early Monday, with steady ascend in past few sessions signaling continuation of larger uptrend, after a brief consolidation last week.
Bulls remain firmly in play and so far offset…
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Gold hits new record high as US jobs data add to Fed rate cut bets
Gold rose new all-time high ($2185) after US jobs data, as rise in US unemployment and moderation in wage gains, outweighed stronger than expected acceleration in job growth in February, contributing to expectations that the Fed would start…
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Cable surges to eight-month high after US labor data
Cable accelerated to a multi-month high after US labor data added to Fed Powell’s dovish stance and strengthened expectations for the start of rate cuts, most likely in June.
Divergence between Fed and BOE’s rate outlook, as the Bank of…
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US labor report – preview and expected market reactions
All eyes are on key economic event of the week, today’s release of US February labor report.
Markets expect fresh direction signals, particularly for the US dollar, which is in a downward trajectory and for gold, which continues to trend…
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Dollar falls further on rising bets for Fed rate cut
The dollar index falls to five-week low on Thursday, remaining under increased pressure from growing expectations for June rate cuts.
Fed Chair Powell added to expectations by relatively dovish remarks in his testimony on Wednesday,…
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The ECB leaves rates unchanged but hints rate cut as inflation continues to ease
The European Central Bank decided to keep interest rates at record highs during its recent meeting but acknowledged a faster-than-anticipated easing of inflation compared to its earlier projections, following a surge in prices in prices two…
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Japanese yen accelerates gains vs dollar on growing signals of BoJ policy shift
Bears accelerate on Thursday (USDJPY was down 1% in Asian / European session) extending steep fall into third straight day.
Fresh weakness broke below initial Fibo support at 148.37 (23.6% of 140.25/150.88 rally, reinforced by daily…
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Aussie dollar rallies for the second day and pressure pivotal barriers
AUDUSD advances for the second day, underpinned by weaker US dollar and higher iron ore prices.
The pair hit two-week high and pressure key barriers at 0.6600 zone (near-term range top / Fibo 38.2% of 0.6871/0.6442 descend / 55DMA).…
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