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AUD/USD is on the front foot this Monday, extending its advance into a third consecutive day and pressuring the pivotal barrier at 0.6680, the recent range ceiling. This fresh strength enhances the near-term outlook, supported by the…
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The Euro began losing traction in European trading on Monday, building on the initial warning from Friday’s daily candle, which featured a long upper shadow formed after a strong upside rejection. The initial signal of the two-day…
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Consumer prices in the Eurozone increased by 2.6% year-on-year in May, diverging further from the ECB’s 2% target. This follows a 2.4% increase in the previous two months and exceeded the 2.5% consensus. The more significant and closely…
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China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in May from April's 50.4, missing the forecast of 50.4 and dropping below the crucial 50 level that distinguishes growth from contraction. The unexpected…
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A strong downward acceleration pushed the USDCHF to a two-week low on Thursday. The Swiss franc advanced nearly 1% by early US trading, marking its biggest one-day gain since late December. This surge was…
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The US economy grew more slowly in the first quarter of the year than initially estimated, with GDP increasing at an annualized rate of 1.3%, down from the previously reported 1.6%. This marks a significant decline from the…
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The Turkish lira performed slightly better against the US dollar in May but remains within a broader range above its new record low. USDTRY remains in a prolonged sideways trend, with the risk of a fresh rise persisting due to…
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The Euro is consolidating early Thursday after a sharp decline on Wednesday, where the pair fell 0.5%, marking the largest daily loss since April 30, driven by renewed risk aversion. Bears have found support just above the…
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The GBP/JPY pair continues to trend higher, solidifying its position above the 200 mark (Monday’s close above this level was the first since August 2008). Bulls have breached the barrier at 200.50 (April 29 spike high), with a sustained…
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The Euro remains strong as diminishing expectations of an ECB rate cut shift market focus to tomorrow’s German inflation data release (annualized CPI expected to rise in May). The bullish move from the higher low at 1.0805,…
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