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U.S. consumer prices rose 4.2% year-over-year in May, up from 3.8% in April and in line with market expectations. Core inflation, which excludes the most volatile food and energy components, accelerated to 2.9% from 2.8% in the previous…
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USD/JPY remains firmly supported above the 160 level for a third consecutive session, shrugging off repeated warnings from Japanese officials about the possibility of currency market intervention. The pair continues to draw support from…
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Brent crude opened sharply higher on Monday after renewed tensions in the Middle East, with Israel reportedly targeting Iranian energy infrastructure and Iran responding with a wave of retaliatory strikes. However, the rally proved…
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Gold remains under heavy pressure on Monday, extending Friday’s sharp 3.2% decline—the steepest daily drop since March 19—and falling to its lowest level in two and a half months. The precious metal continues to be weighed down by…
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The U.S. dollar remains firmly bid on Monday, extending Friday’s 0.65% advance and climbing to a fresh nine-week high. The index briefly pushed above the psychological 100 mark for the first time since early April, underscoring the strength…
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US nonfarm payrolls increased by 172,000 jobs in May after rising by 179,000 in April (which was upwardly revised from 115K), doubling the forecast for a payrolls increase of 85,000 jobs. The upbeat May numbers mark the second consecutive…
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The Euro firmed on Friday and is probing again through the initial barrier at 1.1635 (daily cloud base / daily Tenkan-sen) after a short-lived cloud penetration on Thursday, which left the daily candle with a long upper shadow. The daily…
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USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain highly cautious after previous intervention commenced in this zone and Japanese officials reiterated today their readiness to…
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A report released Wednesday by the Organisation for Economic Co-operation and Development warns that the global economic outlook will largely depend on how long the conflict in the Middle East persists. The organization cautioned that an…
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BTC/USD extended its sharp decline for a second consecutive session, with bearish momentum accelerating after Monday’s decisive break below the lower boundary of the daily Ichimoku cloud. The cloud base had successfully contained four…
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