Trending
- 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
China’s economic growth slowed in Q2, highlighting the need for additional stimulus measures
China’s economy grew by 4.7% in the second quarter, marking the slowest pace of growth since Q1 2023. This is a decline from the 5.3% expansion in the first three months of 2024 and falls short of the expected 5.1% growth.
The…
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Bitcoin surges to a two-week high on Monday
BTCUSD surged nearly 5% in early Monday trading, breaking above the $63K barrier for the first time in two weeks. The fresh rally extends into its third consecutive day, accelerating higher after the weekend's assassination…
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EURUSD – bulls maintain momentum for further gains
EURUSD continues to trend higher, showing minimal negative impact from hotter-than-expected US PPI data (June 0.2% m/m vs 0.1% forecast and 0.0% in May).
The latest bullish leg extends into its third consecutive day, pressuring…
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The dollar index is consolidating above its one-month low, with prospects for further losses
On Friday, the dollar index remained defensive, consolidating below a new one-month low of 103.74 set after Thursday’s 0.8% decline.
The weaker-than-expected US CPI data for June deflated the greenback, increasing expectations…
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Gold may continue to rally following US CPI data, which has increased expectations for a Fed rate…
Gold prices eased from a new seven-week high on Friday morning as traders took profits following Thursday’s 1.9% rally, sparked by US CPI data.
The yellow metal received a fresh boost from cooler-than-expected US inflation,…
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Stronger-than-expected UK GDP numbers lift Cable to a four-month high
On Thursday, the British pound (Cable) reached a new four-month high in European trading, buoyed by better-than-expected UK GDP numbers for May. This dampened expectations of a rate cut by the Bank of England next month
The renewed…
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The UK economy expanded at a pace significantly exceeding expectations in May
In May, UK gross domestic product (GDP) rose by 0.4% month-on-month, surpassing April's 0.2% increase and exceeding expectations for a 0.2% rise. The Bank of England's projection of 0.5% growth for the second quarter now appears…
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Gold prices climb on renewed rate cut expectations; US inflation data in the spotlight
Gold prices rose on Wednesday, buoyed by recent comments from Fed Chair Powell that rekindled expectations of a rate cut after several delays in the start of policy easing.
Powell's testimony on Tuesday hinted that the central bank…
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The Turkish lira is expected to decline further as ultra-high interest rates have had little…
USD/TRY – Fresh advance after a shallow correction reclaims the 33 mark and approaches the new record high of 33.13 set on June 25.
The lira remains under strong pressure due to high inflation (over 70%) and a significant trade deficit.…
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NZD Drops 1% Following Dovish RBNZ Announcement
NZDUSD fell sharply on Wednesday morning, down nearly 1%, pressured by the Reserve Bank of New Zealand’s dovish stance. The central bank kept interest rates steady at 5.5%, as expected, but signaled the possibility of rate cuts if…
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