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  • Gold is trading at six-month low after losing 3% in past four sessions
  • Dollar index – partial profit-taking seen as positioning for fresh advance
  • EURGBP lost ground after multiple rejection under key 200DMA barrier
  • USDJPY -psychological 150 barrier under increased pressure
  • EURUSD – further weakness expected after limited consolidation
  • Gold extends steep fall below $1900
  • Crude oil prices rise on dominating supply factor
  • EURGBP in extended sideways mode and looks for fresh direction signal
  • EURUSD – bears may take a breather before larger downtrend resumes
  • Cable falls further, psychological 1.20 support coming in focus

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GBPUSD slumps as weak UK PMI data warn of further economic slowdown and increased risk of recession

Slobodan Drvenica Aug 23, 2023
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Economy

UK retail sales rise above expectations in January but overall picture remains gloomy

Slobodan Drvenica Feb 17, 2023
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Economy

Performance of Britain’s services sector in January was the weakest in two years – PMI

Slobodan Drvenica Feb 3, 2023
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Economy

UK economy grew slightly in November, reducing recession risk

Slobodan Drvenica Jan 13, 2023
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Economy

UK inflation eases more than expected in November

Slobodan Drvenica Dec 14, 2022
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Economy

Britain’s economy accelerates above expectations in Oct, but overall outlook remains gloomy

Slobodan Drvenica Dec 12, 2022
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Economy

UK Chancellor Hunt introduces new budget plan with more tax hikes and tighter public spending

Slobodan Drvenica Nov 17, 2022
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Economy

UK economy contracts in August, adding to risk of recession

Slobodan Drvenica Oct 12, 2022
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Economy

Soaring inflation continue to slow economic growth and raise risk of recession

Slobodan Drvenica Sep 12, 2022
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Technical Outlook

Activity in UK manufacturing sector slows sharply in August, adding to recession fears

Slobodan Drvenica Aug 23, 2022
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Lastest Posts
  • Gold is trading at six-month low after losing 3% in past four sessions
  • Dollar index – partial profit-taking seen as positioning for fresh advance
  • EURGBP lost ground after multiple rejection under key 200DMA barrier
  • USDJPY -psychological 150 barrier under increased pressure
  • EURUSD – further weakness expected after limited consolidation

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