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- Japan’s Inflation Accelerates in March, Increasing Pressure on the BOJ
- Crude Oil – Solid Weekly Rally Signals Rebound, but Weak Demand Outlook Weighs on Sentiment
- Dollar Index – Tight consolidation expected before fresh drop, with 100 level acting as key barrier
- China’s GDP expanded more than expected in the first quarter, offering a stronger-than-anticipated start to the year, even as markets brace for the economic impact of newly imposed U.S. tariffs
- Gold surges to a fresh all-time high, breaking above $3300
- AUDUSD extends its rally for a fifth consecutive session, approaching key resistance levels
- German investor sentiment dropped in April at its sharpest rate since early 2022, according to the latest ZEW survey
- GBP/USD – Bulls retest the 1.3200 level while monitoring UK data for additional cues
- Dollar Index — Modest Rebounds Likely Before Renewed Downside Move
- The safe-haven Swiss franc hits its highest levels in a decade against the US dollar as the trade war escalates
The U.S. goods trade deficit surged to its highest level in two and a half years in September
The U.S. goods trade deficit climbed to a 2.5-year high in September, reaching $108.2 billion, according to the Commerce Department’s Bureau of Economic Analysis. This 14.9% increase, the largest monthly rise since March 2022, reflects a…
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Gold – bulls hold steady amid geopolitical tensions and uncertainty around the U.S. election
Gold maintains a strong position, trading just below last week's record high, driven by solid safe-haven demand amid ongoing geopolitical tensions and increasing U.S. election uncertainty.
Markets are now focused on upcoming U.S. labor…
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Oil opens with a gap down as supply concerns ease following Israel’s strike on Iran
WTI oil opened with a wide gap down on Monday, dropping to nearly one-month lows with a 5% decline at the start of the week.
The primary driver was Israel’s weekend strike on Iran, which left Iran’s oil facilities unaffected, easing…
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German business sentiment improved more than anticipated in October, according to the Ifo Institute
The latest survey from the Ifo Institute shows a surprising boost in German business sentiment, with the Ifo business climate index rising to 86.5 in October, up from September’s 85.4 and beating market expectations of 85.6. This increase…
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EURUSD – weaker-than-expected PMI data and a dovish stance from the ECB are likely to hinder ongoing…
The recovery is likely to remain limited, as the pair is entrenched in a broader downtrend driven by both negative technical signals and weak fundamentals.
Recent PMI data from the EU, Germany, and France revealed mixed results. French…
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AUDUSD – bearish momentum pauses, but a clearer directional signal is anticipated with a breakout on…
AUDUSD edged higher on Thursday morning after bears repeatedly failed to break through the 200-day moving average support at 0.6627.
The recovery is in its early stages and requires further upside movement to confirm a stronger bullish…
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Dollar climbs higher on a more cautious Fed rate cut outlook
The dollar continues its strong bullish rally for the third straight day, fueled by expectations that a Trump victory in the U.S. presidential election would bolster the economy and ease pressure on the Federal Reserve. Additionally,…
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USDJPY climbed 1% in Wednesday morning trading
A strong upward movement during Asian and early European trading on Wednesday saw the USDJPY rise by 1%, reaching new multi-week highs last seen in late July.
The recent breach of the psychological 150 barrier was accompanied by a…
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EURUSD broke below the 1.08 support level, but bears might pause as oversold conditions emerge
EURUSD slipped below the key psychological level of 1.08, reaching a new multi-week low early Wednesday. The broader bearish trend remains intact, strengthened by the recent formation of a 10/200DMA death cross. A daily close below 1.08…
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Cable – bears aim to break through the daily cloud base following a period of consolidation
Cable is currently in an extended consolidation phase around the breached psychological support level of 1.30, as larger bears take a moment to consolidate above key support levels.
In the near term, price action remains within the daily…
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