EURUSD holds in prolonged sideways mode but bulls still hold grip
EURUSD remains in a sideways mode for the third straight day but narrow consolidation under new multi-week high signals that near-term action is bullishly aligned.
The pair is on track for the biggest weekly gain since early July and…
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USDJPY – the dollar came under increased pressure on hints of earlier than expected Fed rate…
USDJPY came under increased pressure on Friday and extends weakness into second consecutive day, establishing well below psychological 150 level, now acting as good resistance.
The dollar was deflated by signals that the Fed is likely…
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Eurozone inflation slows sharply in October
Inflation in the Eurozone slowed sharply in October, driven lower mainly by a sharp fall in energy prices.
On the other hand, increased prices in the services sector, bloc economy’s largest part and more expensive food, alcohol and…
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Gold extends recovery towards $2000 barrier
Gold rose to ten-day high on Friday and almost fully retraced last week’s 2.7% drop, driven by growing demand on hopes that the Fed’s tightening cycle is close to its end.
Fresh extension on Friday cracked Fibo barrier at $1991 (76.4% of…
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WTI OIL – consolidation after 5.3% fall on Thursday likely to precede fresh push lower
WTI oil is holding within a narrow consolidation in early Friday after falling 5.3% previous day (the biggest one-day drop since Oct 4), being under increased pressure from growing demand concerns and strong supply.
Short-term price…
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EURUSD – narrow consolidation and bullish bias above broken 200DMA
EURUSD is holding within a narrow consolidation under new 2 ½ month high for the second day, after the pair surged on Tuesday on lower than expected US inflation.
Limited dips point to still strong bids and suggests that bulls can resume…
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Gold remains constructive though still looking for clearer direction signal
Gold regained traction on Thursday after three-day recovery was strongly rejected on Wednesday, remaining biased higher, although still capped under pivotal barriers at $1970/73 (50% retracement of $2009/$1931 / 20DMA).
Wednesday’s…
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WTI OIL – worries about China demand and rise in US crude inventories keep bears in play
WTI oil price holds in red for the third straight day and pressuring pivotal Fibo support at $75.61 (61.8% retracement of $63.63/$95.00 rally) which was dented last week, but with triple failure to register close below support and generate…
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EURGBP hits new multi-month highs, on track for eventual clear break of pivotal Fibo barrier
EURGBP holds firm bullish tone and extends fresh bullish acceleration into second consecutive day, trading at the highest levels since late April on Thursday morning.
The cross gained pace after lower than expected UK inflation in…
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GBPUSD eases from new multi-week high, deflated by economic data
Cable pulled back from new two-month high, posted after Thursday’s nearly 1.9% advance (the biggest daily gain in one year, deflated by stronger than expected drop in UK inflation last month and better than expected US retail sales, which…
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