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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. job openings unexpectedly declined in July, according to the JOLTS report
The latest data on U.S. job openings reveals a notable slowdown in the labor market, with openings falling to 7.673 million in July, the lowest level in three and a half years. This decline, coupled with a downward revision of…
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Gold: Preparing for a deeper correction or setting up for a fresh rally? All eyes on the U.S. labor…
Gold prices continued to decline on Wednesday, following the loss of the key psychological support level at $2,500, signaling the potential for a deeper pullback.
The drop below the 20-day moving average (DMA) at $2,489…
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WTI oil price drops below $70, reaching a new low for 2024
Oil prices continued to decline on Wednesday, falling below the key psychological level of $70 after a 5% drop on Tuesday. The WTI contract hit a new low for 2024, fueled by mounting concerns over global oil demand, exacerbated by Tuesday’s…
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U.S. manufacturing improved in August, but the overall outlook remains weak
The U.S. manufacturing sector showed slight improvement in August, with the Institute for Supply Management (ISM) manufacturing PMI rising to 47.2, up from July’s eight-month low of 46.8. However, the PMI remains below the critical 50…
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Australian dollar declines on disappointing economic data
AUDUSD dropped to a one-week low on Tuesday, sliding 1% by the early U.S. session. The decline was driven by a fall in iron ore prices and an unexpected widening of Australia’s current account deficit. Meanwhile, slightly…
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Dollar Index – bulls lose momentum but maintain control as markets anticipate the release of U.S.…
The dollar index pulled back from a new two-week high on Monday, following a strong three-day recovery rally that began showing signs of fatigue.
The repeated failure to break above the 101.72 barrier (50% retracement of the 103.06 to…
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GBPJPY – Testing above the pivotal 200DMA is providing an early signal of bullish continuation
GBPJPY climbed to a one-month high on Monday, signaling an initial bullish continuation after breaking above the top of a month-long range at 192.16, which is reinforced by the 200DMA.
A decisive break above this level would…
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Oil prices remain under pressure due to demand concerns and an increase in OPEC production.
Oil prices continued to decline in early Monday trading, extending Friday's 3% drop, which marked the biggest daily loss since August 14.
The sentiment has further weakened due to renewed concerns about demand from the U.S. and China,…
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U.S. inflation edges up, and consumer spending accelerates in July
The U.S. personal consumption expenditures (PCE) price index, closely monitored by the Federal Reserve as its preferred inflation gauge, rose 0.2% in July, following a 0.1% increase in June, aligning with forecasts. The annualized PCE price…
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Gold is trading within a narrow range but maintains a firm tone ahead of the release of the key U.S.…
Gold maintains a firm tone, trading near its all-time high on Friday as it awaits the release of the U.S. PCE inflation data later today for fresh cues.
The metal remains well-supported by strong demand—both as a safe haven and…
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