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- AUDNZD extends its downside momentum following the RBNZ’s hawkish rate cut
- USDJPY pulls back following verbal intervention signals
- Gold drops sharply as expectations for a Fed rate cut in December continue to cool
- BTCUSD continues its sharp decline, plunging decisively below the key psychological support at $100,000
- EURJPY surges to a new record high, but intervention risks loom large
- Gold pauses after recent surge, but bullish momentum stays intact above $4100
- EURGBP poised to resume its uptrend following a brief corrective pullback
- USDJPY climbed to a fresh multi-month high, but prospects of potential FX intervention keep traders cautious
- USD Index extends losses amid rising rate-cut expectations and firmer gold prices
- EURUSD makes another attempt to break through key Fibonacci resistance
AUDUSD – Sharp Downtrend Breaks Below Thick Daily Cloud Base
The steep decline in AUDUSD extends into its ninth consecutive day, accelerating on Thursday with a drop of 0.85% during the Asian and European sessions. The pair has reached its lowest levels since early May and is on track for…
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EURJPY Drops to Multi-Week Low After Breaking Key Support
EURJPY continued its sharp decline into the fifth consecutive day, reaching an 11-week low early Thursday with a 1% drop during the Asian session.
Recent interventions by Japanese authorities have…
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Eurozone PMI Data Reveal Slower Business Growth in July 3/3
Economic data released today indicated that Eurozone business activity growth stalled in July, as moderate expansion in the dominant services sector failed to counterbalance a deeper downturn in manufacturing.
The Eurozone preliminary…
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EUR/USD – Bears Encounter Resistance at Pivotal Fibonacci Support
EUR/USD extended its pullback from a multi-month high of 1.0948, breaching pivotal supports at 1.0840/33 (38.2% Fibo retracement of 1.0666/1.0948 / 20DMA), but is struggling to make a decisive break lower.
Oversold conditions on the daily…
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AUDUSD – bears may pause for consolidation, daily cloud top to cap upticks
AUD/USD remains in the red for the eighth consecutive day, hitting a six-week low early Wednesday.
The Australian dollar is under increased pressure from a stronger US dollar, falling commodity prices, and concerns about China’s economic…
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Gold’s pullback from its new record high appears to be losing momentum as the market awaits crucial…
Gold prices showing some resilience after the recent pullback is quite interesting. The Doji candle on Monday suggests that the corrective phase might be losing momentum, especially with support holding around the $2390 mark. The $2427…
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USDJPY – Bears Reassess Key Near-Term Support
USDJPY fell 0.7% in Asia on Tuesday following comments from a Japanese official that added pressure on the central bank to implement more rate hikes to further strengthen the yen.
These latest remarks have boosted the yen's sentiment,…
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EUR/USD – Although the correction has been limited so far, the risk of a deeper pullback still…
EUR/USD edged higher during European trading on Monday, as bears paused after a two-day retreat from a multi-week high of 1.0948.
The rising 10-day moving average (DMA) and the 23.6% Fibonacci retracement of the 1.0666 to 1.0948 move (at…
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WTI Oil – Bears pause after a 4.3% weekly drop
WTI oil prices are consolidating narrowly early Monday, following a sharp decline on Friday (down 2.8% for the day) and a weekly loss of 4.3%—the biggest weekly drop since the last week of April.
Oil closed below $80 on Friday for the…
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Risk Aversion Boosts the Dollar
The dollar index extended its recovery for the second consecutive day, bouncing strongly from a new four-month low of 103.31 on Thursday. This surge was driven by fresh risk aversion following a global cyber outage that impacted financial…
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