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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
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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AUDUSD – The rebound from a new multi-week low must overcome key resistance levels to deter larger…
AUDUSD rebounded from a new six-week low in early trading on Tuesday, as bearish pressure encountered strong support at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA).
Recent recovery efforts are testing significant resistance at…
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Silver climbs to its highest level in 12 years
Silver prices surged to their highest levels since November 2012 on Monday, following last Friday’s impressive 6.4% daily rally, as the psychological barrier of $34.00 was breached.
The metal’s rise was driven by increased safe-haven…
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Gold – Increasing global uncertainty drives prices to new record highs
Gold continues to rise, reaching new record highs on Monday morning. The recent close above the psychological $2700 barrier has generated a fresh positive signal, reinforcing a bullish outlook.
The yellow metal is benefiting from…
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USDJPY – Breaking key levels to provide new directional signals
USDJPY gained momentum in early Monday trading but remains within its recent range, awaiting a stronger directional signal.
The short-term outlook is expected to stay bullish as long as the price holds above the rising daily Tenkan-sen…
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Gold prices have reached a new all-time high, breaking above the key psychological level of $2700…
Gold broke through the psychological $2700 barrier on Friday morning, reaching a new historical high.
The price continues to be supported by looser monetary policies and increasing concerns surrounding the upcoming U.S. election.…
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