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- EUR/GBP – Temporary Recovery Likely Before Bears Resume Control
- NZD Surges on Hawkish RBNZ Rate Hike but Struggles to Sustain Gains
- Brent Crude Surges More Than 4% Amid Escalating US-Iran Tensions
- AUD/USD – Recovery Faces Strong Headwinds at Initial Fibonacci Resistance
- GBP/USD – Recovery Meets Strong Resistance Near the Key 1.3400 Barrier
- USD/JPY – Uptrend Resumes After Limited Correction, Focus Returns to Long-Term Peak
- EUR/GBP – Broader Bearish Trend Poised for a Pause
- Eurozone Inflation Slows More Than Expected in June, Reducing Pressure on ECB to Tighten Policy Further
- EUR/USD Recovery Stalls Below 10-DMA as ECB Rate-Hike Expectations Fade
- Japan’s Yen Slides to a Four-Decade Low as Authorities Refrain from Intervention Despite Firm Warnings
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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Dollar climbs higher on a more cautious Fed rate cut outlook
The dollar continues its strong bullish rally for the third straight day, fueled by expectations that a Trump victory in the U.S. presidential election would bolster the economy and ease pressure on the Federal Reserve. Additionally,…
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USDJPY climbed 1% in Wednesday morning trading
A strong upward movement during Asian and early European trading on Wednesday saw the USDJPY rise by 1%, reaching new multi-week highs last seen in late July.
The recent breach of the psychological 150 barrier was accompanied by a…
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EURUSD broke below the 1.08 support level, but bears might pause as oversold conditions emerge
EURUSD slipped below the key psychological level of 1.08, reaching a new multi-week low early Wednesday. The broader bearish trend remains intact, strengthened by the recent formation of a 10/200DMA death cross. A daily close below 1.08…
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Cable – bears aim to break through the daily cloud base following a period of consolidation
Cable is currently in an extended consolidation phase around the breached psychological support level of 1.30, as larger bears take a moment to consolidate above key support levels.
In the near term, price action remains within the daily…
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AUDUSD – The rebound from a new multi-week low must overcome key resistance levels to deter larger…
AUDUSD rebounded from a new six-week low in early trading on Tuesday, as bearish pressure encountered strong support at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA).
Recent recovery efforts are testing significant resistance at…
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Silver climbs to its highest level in 12 years
Silver prices surged to their highest levels since November 2012 on Monday, following last Friday’s impressive 6.4% daily rally, as the psychological barrier of $34.00 was breached.
The metal’s rise was driven by increased safe-haven…
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