USDJPY – dollar benefits from safe haven demand
The USDJPY pair jumps around 0.7% on Monday morning, as fresh risk aversion fuels demand for safe-haven dollar.
Monday’s acceleration penetrated daily cloud (spanned between 144.74 and 145.54) with cloud top being under increased…
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Australian dollar falls sharply on risk aversion ahead of widely expected 25 bps RBA rate cut
AUDUSD remains in red for the third consecutive day and accelerates losses in early Monday (down almost 1% in Asian / early European trading), to hit the lowest in nearly two weeks, on probe below psychological 0.6500 level.
Fresh risk…
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GOLD – bullish bias above $3325, US fiscal uncertainty underpins
Gold was firmer on Friday morning and recovered a part of post-NFP losses.
The metal is on track for a weekly gain after being in red for two consecutive weeks that adds to positive signals, as the price remains at the upper side of…
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US nonfarm payrolls rise expectations in June, unemployment rate falls
US nonfarm payrolls rose by 147,000 in June, following an upwardly revised gain of 144,000 in May, surpassing expectations for a 111,000 increase. The labor market also saw a surprise drop in the unemployment rate, which fell to 4.1% from…
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Cable falls sharply on political turmoil in UK
British pound fell across the board on Wednesday following fresh political storm in the UK, after finance minister Reeves’ budget plan was strongly hurt by a series of significant changes in welfare reform bill that undermined the position…
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DOLLAR INDEX – bears consolidate above multi-month low as markets await releases of key US…
The dollar index edged higher from new 3 ½ low on Wednesday, after US JOLTS report surprise jump brightened near term outlook and prompted a partial profit taking
Bounce was so far limited as the dollar remains pressured by uncertainty…
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GOLD – fresh rally provides temporary relief and boosts optimism
Recovery leg from $3246 (June 30 low) extends into second consecutive day and accelerated on Tuesday, recovering over 50% of the fall seen in past two weeks.
Weaker dollar on fresh tariff uncertainty as Trump’s July 9 deadline nears and…
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USDJPY – bears accelerate
Bears accelerated on Tuesday and probe below 143 handle following breach of Fibo support at 143.23 (61.8% retracement of 139.88/148.64 uptrend.
The downtrend from June 23 spike high (148.02) remains firmly in play and keys supports at…
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AUDUSD – larger bulls take a breather under new 2025 peak
AUDUSD trades within a narrow consolidation under new 2025 high (0.6563) for the second consecutive day and keeps firm bullish stance for now.
Technical picture remains firmly bullish on daily chart (the action is underpinned by thick…
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Gold bounces from one-month low but recovery still hold below initial barriers
Gold bounced from one-month low ($3247) on Monday, lifted by weaker dollar and partial profit-taking from 5% drop in past two weeks.
The yellow metal showed limited positive reaction on recent war between Israel and Iran but fell two…
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