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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
XAU/USD’s extended consolidation is expected to set the stage for a fresh upward acceleration.
Gold edged lower on Tuesday morning after a two-day rally brought prices close to a new record high of $2,531.
Traders are cautious, keeping the metal in an extended consolidation, though demand remains robust due to a weaker dollar…
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WTI oil prices extend their rally for a third consecutive day, driven by supportive fundamentals
The recovery from the $71.46 low (August 21) has extended into a third consecutive day, accelerating on Monday following reports of a near-complete halt in oil production in Libya due to escalating political tensions.
This development…
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USD/JPY could see further declines as the corrective phase appears to be complete
USD/JPY fell to a three-week low on Monday, hitting the 76.4% Fibonacci retracement of the 141.68/149.40 corrective upswing, reinforcing signals that the correction within the broader downtrend is nearing completion.
Last week’s sharp…
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GBP/USD – Major bulls may pause before continuing their rally
GBP/USD pulled back from its highest level since March 2022 on Monday, signaling that bulls might take a breather after a 3.6% rally over the past two weeks and a strong bullish surge last Friday (nearly a 1% daily gain).
Overbought…
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The EUR/USD aims to retest its 2023 high following a shallow correction
The EUR/USD broke above the 1.1200 level after a 0.75% rally on Friday—the largest daily gain since August 2—reaching a new high for 2024 early Monday.
Bullish momentum remains strong following a two-week advance, putting the pair on…
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The dollar faced broad selling pressure following new dovish signals from Powell.
The US dollar weakened broadly on Friday following the highly anticipated speech by Fed Chair Powell at the Jackson Hole symposium. Although Powell did not specify the magnitude or pace of potential rate cuts, he reaffirmed that the Federal…
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Gold – Near-Term Sentiment Strengthens Ahead of Key Event: Powell’s Speech at Jackson Hole
Gold regained momentum on Friday, recovering nearly half of Thursday’s 1.1% decline that had breached and closed below the psychological $2500 level. Support around the previous range’s top at the $2480 zone held firm, containing…
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US Dollar Index: Bears Pause Ahead of Fed Chair Powell’s Speech
The dollar index edged higher in early European trading on Thursday, rebounding from its lowest level since December 23, which was reached following the release of the FOMC's July policy meeting minutes.
The minutes revealed that US…
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FOMC minutes indicate the Fed remains on course for a rate cut in September
The Federal Reserve is signaling a likely interest rate cut in September, as revealed in the minutes from the July 30-31 Federal Open Market Committee (FOMC) meeting. Although the Fed kept its benchmark rate unchanged at 5.25%-5.50%, the…
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EUR/USD bulls are pausing below the new 2024 high, awaiting fresh cues from the Fed
EUR/USD momentum has slowed after a steep three-day rally that hit a new 2024 high at 1.1132, just shy of December 2023’s peak at 1.1139.
The euro continues to benefit from risk appetite and a weaker dollar driven by Fed rate cut…
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