AUDUSD starts to regain traction after a shallow pullback
AUDUSD is holding within a narrow range around 0.6600 handle on Wednesday, after the pullback in past three days started to run out of steam.
Tuesday’s long-legged Doji signaled indecision and hinting that corrective phase might be close…
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Bitcoin price continues to rise, but do not ignore strong signals of correction
Bitcoin regained traction early Wednesday and rose to new record high, after bulls took a brief breather previous day.
Demand remains very strong on huge inflows into recently approved ETF’s, which continues to inflate the price (bitcoin…
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UK economic growth picks up at the start of 2024 – GDP
British gross domestic product grew by 0.2% month on month in January, in line with expectations, after contracting by 0.1% in December, with a rebound in retailing, wholesaling and house building, being the main contributors to…
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US consumer prices in rise in February
US inflation rose above expectations in February, mainly driven by higher costs for petrol and housing, warning that prices are still sticky, which could have more negative impact on growing expectations for Fed’s first rate cut in June.…
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Cable eases from new eight-month high ahead of key economic data
Cable eases on Monday after last week’s 1.6% rally (the biggest weekly gain since the second week of November) hit eight-month high (1.2893).
Profit-taking and risk aversion contributed to fresh weakness, which so far looks as…
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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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