GBPUSD – fresh bulls hold grip but need more work to signal reversal
Cable rose to the highest in nearly two weeks on Tuesday, keeping in play near-term recovery which extends into fifth straight day.
Softer tone in the most recent comments from US policymakers, added to fresh but still limited risk…
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USDJPY – daily studies point to further gains after consolidation
USDJPY regained traction on Tuesday but remains within a congestion which extends into fourth consecutive day.
Pullback from 2023 peak (150.16) was repeatedly limited by rising 20DMA (currently at 148.58) which signals strong bids.…
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AUDUSD – recovery is facing headwinds and risk of stall
AUDUSD edges lower in early European trading on Tuesday, following a mild rise in Asia, driven by overall positive Australian economic data and dovish comments from Fed officials on Monday.
Fresh advance faced headwinds and struggled to…
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Israeli Shekel falls to new multi-year low vs US dollar
The Israeli Shekel fell to the lowest since February 2016 against the US dollar on Monday, as the currency lost ground on violent clashes in the region which started during the weekend.
The USDILS was holding within a larger uptrend…
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WTI oil gaps higher and rises further $2.5 as Middle-East conflict shakes oil markets
WTI oil opened with $2 gap higher on Monday and advanced further $2.5 in Asian session, as global supply concerns deepened following the latest wild clashes in the Middle East.
Fresh strength reversed so far over 38.2% of the recent…
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Euro falls on fresh risk aversion
EURUSD came under pressure from fresh risk aversion as violent clashes in the Middle East boosted uncertainty, prompting investors into safety.
The pair opened with a gap lower on Monday and so far retraced slightly more than 50% of last…
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Gold surges as violent clashes in the Middle East spark strong safe-haven demand
Gold opened with a gap higher, starting trading on Monday at $1850 zone, after closing on Friday at $1832.
Growing uncertainty over spiraling violence in the Middle East prompted traders into safer assets and strongly boosted demand for…
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US job growth surges well above expectations in September
US non-farm payrolls more than doubled expectations in September, sending signal that US labor market remains resilient and leaving room for the Federal Reserve to further raise interest rates this year.
The economy created 336,000 jobs…
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WTI oil on track for the biggest weekly loss in months but oversold studies may slow bears
WTI oil remains at the back foot and holding at the lowest in five weeks on Friday, following a strong fall in past two days (down 7.6%).
Renewed concerns about further slowdown in global economic growth on keeping high interest rates…
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Dollar index keeps bullish stance ahead of NFP report
The dollar index is trading within a narrow range on Friday morning and expected quiet mode, as markets await release of the US NFP report, key event of the week.
Near-term action remains above trendline support (106.01), following a…
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