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- Gold extends gains above $3400, US inflation data in spotlight
- Dollar Index – recovery extends as bulls test critical resistances
- BTC/USD – bearish pressure persists while price remains under cloud base
- Gold rises amid heightened uncertainty following Trump’s firing of Fed Governor
- BTCUSD – bears back in control though key support remains resilient
- WTI extends rebound on supply concerns and fading optimism over peace talks
- US Dollar Index – temporary stabilization ahead of possible renewed downside pressure
- Dollar–yen recovers momentum following recent drop
- Economic activity in Germany weakens sharply in second quarter
- Dollar index holds steady ahead of Powell’s remarks
Why Today’s Fed Comments Are More Important Than the Rate Decision
Markets widely expect the U.S. Federal Reserve to keep interest rates unchanged today, but the real focus is on the Fed's message, not the decision itself.
According to CME Group data, there is over a 95% chance that rates will stay…
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EUR/GBP drops to one-month low amid renewed political unrest in Germany
EUR/GBP weakened on Tuesday after Germany’s Merz unexpectedly failed to secure parliamentary support to become chancellor in the first round of voting.
The pair slid to a one-month low, breaching key support at 0.8480 (the 61.8%…
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Gold – Resurgence in safe-haven demand drives gold price higher
Gold extended its strong recovery into a second consecutive day, reaching a two-week high on Tuesday. The price broke through the 61.8% Fibonacci retracement of the \$3,500–\$3,201 pullback (\$3,286) and neared the psychological \$3,400…
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U.S. service sector growth surged well beyond expectations in April, according to PMI data
Data released Monday showed that the U.S. services sector expanded at a faster pace in April, driven by a sharp rise in new orders and input prices, with costs for materials and services climbing to their highest levels in over two years.…
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Gold – sharp rebound signals potential trend reversal
Gold surged over 2% on Monday, buoyed by a weaker dollar and ongoing uncertainty surrounding the US-China trade dispute, which reignited safe-haven demand.
The strong rebound came after repeated failures to break below key support at…
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Oil prices dropped on Monday as OPEC+ raised production once more
WTI oil opened on Monday with a \$2 gap lower, reaching its lowest point since April 9, after OPEC+ announced over the weekend that it would increase oil production by 411,000 barrels per day starting in June.
This decision marks the…
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Eurozone inflation exceeded expectations in April, but the European Central Bank is still expected…
Inflation in the Eurozone held steady at 2.2% in April, slightly above expectations for a 2.1% increase.
Core inflation—which excludes volatile food and energy prices—rose to 2.7% from 2.4% in March, surpassing forecasts of a 2.5% gain.…
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Gold – Break below key $3300 support zone signals potential trend reversal
Gold fell 1.6% during thin holiday trading in Asia on Thursday, reaching a two-week low as renewed risk appetite—driven by easing trade tensions—continued to erode the metal's safe-haven appeal.
A decisive break below the key $3300…
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The Dollar Index is heading for its largest monthly decline since November 2022
The Dollar Index remained mildly bid on Wednesday, edging higher after data showed the U.S. economy contracted in the first quarter—contrary to expectations for modest growth—though results came in better than some major U.S. banks had…
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Gold retests key support levels as easing trade tensions weigh on safe-haven demand
Gold remains in the red for a second straight session, once again testing the key $3300/$3292 support zone (psychological level / 38.2% Fibonacci retracement of the $2956–$3500 rally), where previous attempts to break lower have failed.…
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