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- AUDNZD extends its downside momentum following the RBNZ’s hawkish rate cut
- USDJPY pulls back following verbal intervention signals
- Gold drops sharply as expectations for a Fed rate cut in December continue to cool
- BTCUSD continues its sharp decline, plunging decisively below the key psychological support at $100,000
- EURJPY surges to a new record high, but intervention risks loom large
- Gold pauses after recent surge, but bullish momentum stays intact above $4100
- EURGBP poised to resume its uptrend following a brief corrective pullback
- USDJPY climbed to a fresh multi-month high, but prospects of potential FX intervention keep traders cautious
- USD Index extends losses amid rising rate-cut expectations and firmer gold prices
- EURUSD makes another attempt to break through key Fibonacci resistance
Gold breaks through a key resistance area amid renewed surge in safe-haven demand
Gold prices climbed on Thursday morning as a new round of US import tariffs came into effect, intensifying global uncertainty and boosting safe-haven demand.
The rally pushed prices through the key \$3400 resistance zone (76.4% Fibonacci…
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EURUSD – Bulls maintain strong control above ascending daily Ichimoku cloud
EURUSD rallied on Wednesday, extending its post-NFP rebound after a brief two-day pause that followed Friday’s sharp surge.
The bullish momentum resumed, lifting the pair to a one-week high and nearing the 61.8% Fibonacci retracement of…
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GBPUSD – Recovery loses momentum ahead of BoE rate decision
Cable edged lower in early European trading on Wednesday, pressured by disappointing UK data, as July’s Construction PMI dropped to its lowest level since 2020. Despite the dip, the pair remains locked within a narrow range for the third…
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Eurozone business activity saw a slight uptick in July – PMI
Economic data released on Tuesday indicated that business activity in the Eurozone picked up slightly in July compared to June, though overall momentum remained subdued due to persistently weak demand.
The Eurozone Composite Purchasing…
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WTI oil extends sharp decline following OPEC+ decision to boost output further
WTI crude extended its sharp decline for a third consecutive day on Monday, nearly erasing last week’s rally from \$64.99 to \$70.50.
The pullback accelerated after multiple failed attempts to break above the \$70.00 level — a key…
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USD INDEX – Bears pause following Friday’s steep decline
The U.S. dollar index edged slightly higher on Monday morning, recovering modestly after a sharp 1.5% drop on Friday — its largest single-day loss since April 10.
The selloff followed weaker-than-expected July nonfarm payrolls data, a…
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A sharp decline in job growth and a rise in unemployment signal a slowdown in the U.S. labor market.
U.S. nonfarm payrolls rose by just 73,000 in July, significantly below the forecast of 110,000 and well under June’s sharply revised figure of 14,000 (down from the initially reported 147,000).
The unemployment rate edged up to 4.2% from…
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Eurozone inflation holds steady at 2% in July
Inflation in the Eurozone held steady at the European Central Bank’s 2% target in July, slightly above the 1.9% forecast, reinforcing the ECB’s more dovish outlook on price pressures.
The stable reading supports the central bank’s…
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BTCUSD – Break Below Two-Week Range Signals Weakness, but Key Support Remains Intact
BTCUSD dropped to a three-week low around the 114K area on Friday morning, as market sentiment weakened following President Trump's latest orders to impose trade tariffs on several countries.
The decline, which broke below a two-week…
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Gold rebounds from a multi-week low, but upside momentum remains capped by strong resistance
Gold prices rebounded on Thursday from a one-month low at $3,268, recouping much of Wednesday’s sharp 1.6% decline.
The previous drop was driven by a stronger U.S. dollar, which surged on the back of recent U.S. trade agreements and…
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