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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 USD/JPY maintains a bullish bias, though daily technical indicators present a mixed picture.…
The USD/JPY pair is attempting to break above a near-term narrow range and sustain its gains after Tuesday's marginal close above the pivotal Fibonacci barrier at 157.01, which represents the 61.8% retracement of the 160.19 to 151.85…
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The GBPUSD pair may experience a price adjustment before making a decisive breakthrough of the…
The British pound strengthened in early Wednesday trading after reaching a nine-week high of 1.2800 on Tuesday. However, it subsequently retreated due to an unexpectedly strong rise in US consumer confidence for May, which temporarily…
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GBP/JPY reaches a new multi-year peak
The GBP/JPY pair continues to trend higher, solidifying its position above the 200 mark (Monday’s close above this level was the first since August 2008).
Bulls have breached the barrier at 200.50 (April 29 spike high), with a sustained…
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EUR/USD – Bulls maintain control, targeting key resistance levels ahead of German CPI data release
The Euro remains strong as diminishing expectations of an ECB rate cut shift market focus to tomorrow’s German inflation data release (annualized CPI expected to rise in May).
The bullish move from the higher low at 1.0805,…
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Ifo Survey: German Business Climate Steady in May
The German Ifo Business Climate Index remained unchanged at 89.3 in May, falling short of the forecasted 90.4, heightening concerns about a slowdown in the economic recovery of Europe’s largest economy.
The weaker-than-expected…
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The dollar index is on the back foot ahead of this week’s key economic releases
The dollar traded within a narrow range during the Asian and early European sessions on Monday, but the near-term outlook remains bearish. This is influenced by Friday’s 0.3% drop and the formation of a bearish engulfing pattern…
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Gold – despite a thick cloud of daily activity and a sharp pullback, the current recovery appears…
Gold prices edged higher in early trading on Monday following last week’s 5% pullback from a new record high, finding solid support at $2327/25, the top of the thick rising daily Ichimoku cloud.
Partial profit-taking lifted the…
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GBPUSD bulls have regained momentum and are poised for a renewed assault on significant resistance…
Cable showed resilience despite the positive US PMI data on Thursday and disappointing UK retail sales figures on Friday. It managed to climb above the 1.2700 mark during US trading on Friday.
The pair is set for its second consecutive…
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AUDUSD picks up momentum after experiencing a decline of more than 1% earlier this week
AUDUSD creeps higher on Friday as traders take profits from the recent four-day decline. Today's uptick marks the first gain of the week, although the pair is still set for a weekly loss exceeding 1%.
Technical indicators on the daily…
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WTI crude oil continues its decline as hawkish Federal Reserve minutes stoke worries about demand
WTI crude oil prices continue their downward trajectory for the fourth consecutive day, pressing against a fresh three-month low of $76.42 established in the previous session.
Short-term market sentiment took a hit following the release…
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