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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
Australian dollar declines on disappointing economic data
AUDUSD dropped to a one-week low on Tuesday, sliding 1% by the early U.S. session. The decline was driven by a fall in iron ore prices and an unexpected widening of Australia’s current account deficit. Meanwhile, slightly…
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Dollar Index – bulls lose momentum but maintain control as markets anticipate the release of U.S.…
The dollar index pulled back from a new two-week high on Monday, following a strong three-day recovery rally that began showing signs of fatigue.
The repeated failure to break above the 101.72 barrier (50% retracement of the 103.06 to…
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GBPJPY – Testing above the pivotal 200DMA is providing an early signal of bullish continuation
GBPJPY climbed to a one-month high on Monday, signaling an initial bullish continuation after breaking above the top of a month-long range at 192.16, which is reinforced by the 200DMA.
A decisive break above this level would…
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Oil prices remain under pressure due to demand concerns and an increase in OPEC production.
Oil prices continued to decline in early Monday trading, extending Friday's 3% drop, which marked the biggest daily loss since August 14.
The sentiment has further weakened due to renewed concerns about demand from the U.S. and China,…
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U.S. inflation edges up, and consumer spending accelerates in July
The U.S. personal consumption expenditures (PCE) price index, closely monitored by the Federal Reserve as its preferred inflation gauge, rose 0.2% in July, following a 0.1% increase in June, aligning with forecasts. The annualized PCE price…
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Gold is trading within a narrow range but maintains a firm tone ahead of the release of the key U.S.…
Gold maintains a firm tone, trading near its all-time high on Friday as it awaits the release of the U.S. PCE inflation data later today for fresh cues.
The metal remains well-supported by strong demand—both as a safe haven and…
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Dollar Index – Bears pause for a limited correction ahead of key U.S. data releases.
The dollar index extended its recovery for a second consecutive day, supported by short covering as it approaches key support levels in the 100.29/21 zone (December 2023 low and 200-week moving average).
Oversold conditions on the daily…
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EUR/USD bulls take a breather just below the 1.1200 resistance
UR/USD slipped on Wednesday after failing multiple times to break the 1.1200 resistance, though the pair remains in a consolidation phase as long as it holds above key pivots at 1.1124/14 (trendline support and rising 10DMA) and 1.1100…
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AUD/USD struggles to sustain gains despite stronger-than-expected Australian CPI
The AUD/USD reached a new 8-month high during the Asian session on Wednesday, boosted by a stronger-than-expected Australian July CPI. However, it has struggled to maintain gains above the 0.6800 level.
The subsequent pullback, though…
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EUR/GBP – The sharp bearish move may pause near support at the base of the daily cloud
EUR/GBP broke below the Fibonacci support at 0.8439 (76.4% retracement of the 0.8382/0.8624 rally) and is now testing the strong support at 0.8424 (base of the thick daily cloud) as it extends a five-day steep decline from the…
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