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- WTI Oil – Sharp Pullback Followed by Swift Rebound Signals Healthy Correction Before Renewed Upside Move
- German Consumer Sentiment Seen Deteriorating Further in March – GfK
- AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum
- Japanese Yen Slides Nearly 1% Amid Renewed Monetary Policy Uncertainty
- WTI Oil – Bulls Maintain Control Amid Escalating Supply Disruption Fears
- BTCUSD drops to a three-week low amid uncertainty surrounding U.S. tariff developments.
- Gold breaks above the upper boundary of its recent trading range, triggering a renewed bullish signal.
- U.S. economic growth decelerated sharply in the fourth quarter, falling significantly short of forecasts, while inflationary pressures continued to run high
- UK unemployment rises to highest level in years while pay growth slows, boosting rate-cut bets.
- USDJPY – downside momentum stalls after almost 3% loss this week
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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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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