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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
Final messages to voters from Harris and Trump as America prepares to cast their ballots tomorrow
With just one day remaining before the pivotal U.S. Presidential election, market activity has slowed as investors await the outcome of voters’ decisions.
Candidates Donald Trump and Kamala Harris are making their final campaign stops…
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U.S. nonfarm payrolls sharply declined in October, though economists view the slowdown as temporary
U.S. non-farm payroll data revealed a surprising slowdown, with only 12,000 jobs created in October, well below the forecasted 103,000 and a downward revision in September’s job count from 254,000 to 223,000. The unemployment rate remained…
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The Bank of Japan held interest rates steady, aligning with market expectations
The Bank of Japan is signaling a possible move away from its ultra-easy monetary policy, though it remains cautious on timing rate hikes. At its recent meeting, the BOJ held short-term interest rates at 0.25%, while Governor Kazuo Ueda’s…
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Eurozone economic growth saw an uptick in Q3, though the overall outlook remains bleak
The eurozone economy expanded more than expected in the third quarter, with GDP growth reaching 0.4%, up from 0.2% in the previous quarter and beating forecasts of 0.2%. Despite this growth, underlying issues such as stagnation in the…
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BTCUSD challenges a key resistance zone, driven by rising expectations of a Trump election victory
BTCUSD maintains a firm tone, hovering near its new record high of 73,839 reached in March, after a strong 3.6% surge on Tuesday pushed it above 73K for the first time in seven and a half months, nearing its all-time peak.
Bitcoin has…
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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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