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- Gold holds close to a new record high, with upcoming US labor data seen as potential trigger for fresh rally
- Dollar stays under pressure on Fed rate cut expectations, with focus turning to release of key US data
- Silver jumps above \$40 to reach the highest level since 2011
- US core inflation rises in July – PCE
- 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
AUDUSD Boosted by Renewed Risk Appetite, Retests Key Resistance Zone
AUDUSD climbed 0.5% in Asian and European trading on Monday, fully reversing Friday's decline and signaling a potential bullish continuation.
The fresh surge tested critical resistance in the 0.6600 zone, where the 200/100DMA convergence…
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Gold – Bulls Maintain Control Ahead of Key US Inflation Data
Gold remains on a strong footing, edging higher in early Monday trading and extending its recovery for the third consecutive day.
The yellow metal has regained ground after last week's sharp decline, bolstered by increasing signs that…
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Oil prices climb for the third consecutive day amid improving sentiment
WTI oil prices climbed for the third consecutive day, driven by improved sentiment as recession fears and demand concerns eased, coupled with a larger-than-expected draw in US crude inventories. Better-than-expected US jobless claims…
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GBPUSD – Bullish Momentum Sustained Above Rising Daily Cloud
GBPUSD stays on the front foot, extending its recovery on Friday morning after breaking and closing above the top of the rising daily cloud.
Diminishing fears of a US recession and strong Chinese economic data have revived risk…
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EURGBP – 200DMA Currently Containing Pullback from Multi-Week High
EURGBP extended its pullback on Friday, sliding further from the new 3½-month high of 0.8624 reached the previous day.
The fresh decline breached the pivotal 200DMA at 0.8555, and a sustained break below this level could reinforce…
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AUDUSD – Daily Chart Shows Emerging Reversal Signal
AUDUSD regained momentum and climbed higher on Thursday, countering the negative impact from Wednesday’s strong rejection just below the base of the rising daily cloud.
Several indicators suggest the pair is attempting to form a base and…
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Gold Rebounds as Market Stabilizes, Fed Rate Cut Speculation Supports Bullish Outlook
Gold regained traction on Thursday, bouncing back after a sharp decline in recent days.
This fresh strength indicates that the market is stabilizing following a turbulent period, with broader bullish trends poised to regain…
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Dollar Index Dips in European Trading Amid Waning Bounce and Dovish Fed Expectations
The dollar index ticked lower during European trading on Thursday, as the bounce from Monday's eight-month low of 101.94 began to lose momentum.
The daily chart presents a weak outlook with moving averages in bearish configuration and…
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EUR/USD Edges Higher, Eyeing Key Resistance to Confirm Reversal
EUR/USD inched higher during Asian and early European trading on Thursday, suggesting that the pullback from Monday’s spike high of 1.1009 may be coming to an end.
The formation of a higher base around the 1.0900 zone supports a positive…
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USD/JPY Rises on Dovish BOJ, Awaiting Confirmation of Initial Reversal Signal
USD/JPY surged higher on Wednesday as traders took profits from the steep fall of the past few days, driven by risk aversion that had boosted demand for the safe-haven yen.
The Japanese currency had made an impressive rally of 8.5%…
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