Trending
- 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
AUD/USD Recovery Gains Momentum After Hawkish RBA and Dovish BOJ
AUD/USD has picked up momentum on Wednesday following Monday’s spike low at 0.6348, the lowest level since early November 2023.
The Australian dollar has benefited from the hawkish stance of the Reserve Bank of Australia (RBA) on…
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GBP/USD: Limited Potential for Recovery Above Daily Cloud
Cable started to gain traction and edged higher on Wednesday morning after its recent drop penetrated the rising daily cloud (cloud top at 1.2702) but found firm support at 1.2682 (100 DMA), where dips were repeatedly rejected.
The…
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EUR/CHF Edges Higher Amid Signs of Improving Risk Appetite
EUR/CHF edged higher in early trading on Wednesday, reflecting initial signals that risk appetite is gaining traction.
The pair rebounded from a new multi-year low, which had been driven by a surge in risk aversion over the past few days…
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Reserve Bank of Australia Maintains Rates, Highlights Persistent Inflation Risks
The Reserve Bank of Australia (RBA) kept rates unchanged during its policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year.
The RBA maintained rates at a 12-year high of 4.35% for the sixth…
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WTI Oil Price Drops Amid Fresh Demand Concerns and Recession Fears
WTI oil prices came under pressure due to fresh demand concerns stemming from talks about a potential US recession, as disappointing US economic data support this scenario. This offset calming reassurances from US officials that the economy…
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Gold Drops Nearly 3% Amid Market Volatility
Gold fell nearly 3% on Monday, primarily due to increased market volatility as traders liquidated profitable positions in gold to cover margin call shortages from losses in the stock markets.
Despite today's significant drop, which marks…
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EUR/GBP: Rally Loses Momentum After Fresh Three-Month High
EUR/GBP's strong three-day rally, which saw the cross rise by 2.1%, began to lose momentum after reaching a fresh high of nearly three months on Monday (0.8596).
Overbought daily indicators suggest that partial profit-taking may occur…
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BTC/USD Collapses on Monday Amid Fresh US Recession Fears and Escalating Geopolitical Tensions
BTC/USD plunged sharply during the Asian session on Monday, dropping by 10.7% and falling below the psychological 50K level for the first time since mid-February, reaching a new multi-month low.
Mounting fears of a potential US recession…
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USD/JPY Falls Sharply, Hitting Lowest Level Since Early January
USD/JPY experienced a significant drop overnight, reaching its lowest point since early January, and continuing its steep decline from the 155.21 high for the fifth consecutive day.
The pair fell by 3.3% during the Asian session on…
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US Job Growth Falls Short of Expectations in July – NFP
The recent US job growth data for July paints a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists’ expectations of 176,000. This follows a downwardly revised…
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