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- Gold Trades Cautiously Ahead of Key U.S. Jobs Report
- U.S. Private Payroll Growth Slows Sharply in May – ADP
- GOLD – Bullish Bias Persists Above Broken Triangle’s Upper Boundary
- Eurozone Inflation Slows More Than Expected in May
- Oil Prices Climb Nearly 4%, Key Resistance Levels Come Under Pressure
- Gold Prices Surge Amid Renewed Tariff Concerns and Geopolitical Tensions
- GBP/USD – Initial Support Levels Temporarily Halt the Pullback
- USD/JPY – Breakthrough of 4-Hour and Daily Ichimoku Cloud Bases Signals Potential for Deeper Short Squeeze
- Gold slips as dollar firms, though broader bullish trend likely to hold
- Kiwi dollar tests 0.60 pivot once more and reaches new 2025 high
US Dollar Index – Reversal pattern forming on daily chart as strong US Services PMI data lend fresh…
The dollar index surged on Wednesday, driven by much stronger than expected US services PMI data (May 53.8 vs 51.0 forecast and April 49.4). This data indicated a return to growth in the services sector, with the May figure reaching a…
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Gold – crucial economic events this week to offer new direction signals
Gold prices edged higher early Wednesday, rebounding from the lower boundary of their near-term range. However, the metal remains directionless as markets await fresh cues from key economic events this week.
Conflicting…
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WTI oil continues its sharp decline amid rising demand worries
WTI oil prices remain in a steep decline for the fifth consecutive day, falling over 1% and hitting a new four-month low in early Tuesday trading. This follows a 3.8% drop on Monday, the largest daily fall since November 16.
The market…
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AUD/USD: Bulls Reclaim Control Following a Healthy Correction
AUD/USD is on the front foot this Monday, extending its advance into a third consecutive day and pressuring the pivotal barrier at 0.6680, the recent range ceiling.
This fresh strength enhances the near-term outlook, supported by the…
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EUR/USD Declines on Reduced Demand as Markets Await ECB Decision
The Euro began losing traction in European trading on Monday, building on the initial warning from Friday’s daily candle, which featured a long upper shadow formed after a strong upside rejection.
The initial signal of the two-day…
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Higher-than-expected EU inflation in May issues a new warning to the ECB
Consumer prices in the Eurozone increased by 2.6% year-on-year in May, diverging further from the ECB’s 2% target. This follows a 2.4% increase in the previous two months and exceeded the 2.5% consensus.
The more significant and closely…
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China’s manufacturing sector activity unexpectedly declined in May – PMI
China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in May from April's 50.4, missing the forecast of 50.4 and dropping below the crucial 50 level that distinguishes growth from contraction.
The unexpected…
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Swiss Franc Climbs to Two-Week High Against Dollar, Pressures Key Barriers
A strong downward acceleration pushed the USDCHF to a two-week low on Thursday.
The Swiss franc advanced nearly 1% by early US trading, marking its biggest one-day gain since late December. This surge was…
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US Q1 Economic Growth Adjusted Downward
The US economy grew more slowly in the first quarter of the year than initially estimated, with GDP increasing at an annualized rate of 1.3%, down from the previously reported 1.6%.
This marks a significant decline from the…
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USDTRY – Extended consolidation likely before renewed strength as negative fundamentals weigh on the…
The Turkish lira performed slightly better against the US dollar in May but remains within a broader range above its new record low.
USDTRY remains in a prolonged sideways trend, with the risk of a fresh rise persisting due to…
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