Gold – extension below $2900 to mark healthy correction ahead of fresh push higher
Gold price dips below important support at $2900 where the price action showed hesitation in past two days, but initial negative signal from double downside rejection and long tails of daily candles, is likely to be offset by fresh drop…
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German consumer sentiment weakens below expectations in March – GfK
The data from German GfK market research institute released on Wednesday, showed that German consumer sentiment fell to -24.7 points in March from -22.6 points previous month and disappointed forecast at -21.4 points.
Weaker than…
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WTI oil falls below $70 per barrel as tariff concerns further sour the sentiment
WTI oil price fell below psychological $70 support on Tuesday and hit the lowest levels in two months.
Oil was down nearly 3% on renewed fears about the global economy and lower demand after the latest economic data showed that German…
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US consumer confidence falls sharply in February
The US consumer confidence index dropped to 98.3 in February, declining from January’s upwardly revised 105.3 and strongly undershooting consensus at 102.7.
February fall was the biggest since August 2021 and hit the lowest since June…
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Bitcoin – violation of key supports risks deeper correction
Bitcoin was sharply down in early Tuesday trading (losing over 6% in Asian / early European session) as soured sentiment sparked strong selling.
Fresh fall broke through key 90K support zone (floor of larger 90K/110K range) and…
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WTI oil corrects Friday’s 3.1% drop, peace talks prospect and start of northern Iraq oil…
WTI oil price bounced from new two-month low ($70) on Monday, on partial profit-taking from Friday’s 3.1% drop (the biggest daily loss since Nov 25).
Fresh bears cracked psychological $70 support and probed through the floor of the…
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EURUSD – rejection under key barriers keeps the downside vulnerable
EURUSD hit one-month high (1.0528) in early Monday trading, in immediate reaction to German election results, but fresh gains were quickly reversed, mainly due to the lack of bigger election surprises.
Initial signs of recovery stall…
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USDJPY cracks 150 support after 1% drop on Thursday
USDJPY was sharply down on Thursday morning as yen received fresh boost from growing expectations of BoJ’s more aggressive approach to monetary policy.
The price fell almost 1% during Asian/ early European trading and cracked…
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Gold is heading towards $3000 target
Gold price continues to trend higher and hit new all-time high in early Thursday trading, driven by growing uncertainty over US tariffs and turbulent pollical conditions which fueled safe-haven demand.
Investors remain concerned that US…
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Reserve Bank of Australia cuts rates as expected, but remains cautious on further policy easing
The Reserve Bank of Australia cut interest rates by 25 basis points to 4.1% on policy meeting today, in a widely expected decision.
Today’s rate cut is the first one since 2020 pandemic crisis and signaling that the RBA is entering…
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