Oil price rises on fresh geopolitical tensions, but gains were so far limited
WTI oil price rose 3% in European session on Friday and probed above $75 barrier for the first time in two weeks, inflated by fresh fears that conflict in the Middle East could spread after US and British armies attacked positions of…
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China’s exports rose above expectations but persisting deflation warns
China's exports grew by 2.3% year-on-year in December, surpassing expectations and showing an improvement from the 0.5% increase in November.
Imports also increased by 0.2% year-on-year in December, reversing a 0.6% drop from the…
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US inflation rises above expectations in December
US inflation increased more than expected in December which could delay the Federal Reserve’s strongly anticipated interest rate cut in March.
The consumer price index rose 0.3% last month after ticking up 0.1% in November and above…
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BTCUSD – bulls hold grip, but risk of profit-taking after ETF approval exists
Bitcoin regained traction after a shallow pullback and jumped near new multi-month high (47934, posted last Tuesday) after receiving fresh boost from eventual approval of spot bitcoin exchange-traded funds.
Technical picture on daily…
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Turkish lira falls to new record low vs dollar
USDTRY breached psychological 30 barrier and hit new record high on Thursday, extending gains between two full figures (29 and 30) in less than a month.
Steady and slow-paced ascend, interrupted by minor corrections, suggest that bigger…
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AUDUSD – mixed technical picture eyes US inflation data for direction signal
AUDUSD edged higher in early Thursday’s trading, underpinned by much better than expected Australian trade data and risk mode in stock markets.
Strong rejection of the pullback from 0.6871 (Dec 28 peak) and pivotal Fibo support at 0.6641…
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USDJPY – recovery acceleration signals that corrective phase might be over
Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9).
Fresh strength emerged after corrective dip was strongly rejected just above…
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EURUSD remains in a sideways mode but slight bullish bias fueled by thick weekly cloud
EURUSD remains in extended sideways mode and looking for direction signal after several attempts on both sides failed.
Conflicting daily indicators (MA’s in mixed setup / rising negative momentum / north-heading RSI) contribute to…
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GBPUSD – near-term action lacks clearer direction signal but overall still bullishly aligned
Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone.
Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week…
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Bitcoin hits new multi-month high but bulls face headwinds from overbought studies
Bitcoin eases from the highest since April 2022 in early Tuesday’s trading, after hitting levels above 47000 on Monday, in renewed attempt to break out of the multi-week range.
Monday’s close above 47000 after 6.5% advance, adds to…
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