Trending
- Eurozone inflation edges higher in August, matching expectations
- Gold holds close to a new record high, with upcoming US labor data seen as potential trigger for fresh rally
- Dollar stays under pressure on Fed rate cut expectations, with focus turning to release of key US data
- Silver jumps above \$40 to reach the highest level since 2011
- US core inflation rises in July – PCE
- Gold extends gains above $3400, US inflation data in spotlight
- Dollar Index – recovery extends as bulls test critical resistances
- BTC/USD – bearish pressure persists while price remains under cloud base
- Gold rises amid heightened uncertainty following Trump’s firing of Fed Governor
- BTCUSD – bears back in control though key support remains resilient
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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EUR/USD – Bears Encounter Significant Resistance at Key Support Zone
The Euro is consolidating early Thursday after a sharp decline on Wednesday, where the pair fell 0.5%, marking the largest daily loss since April 30, driven by renewed risk aversion.
Bears have found support just above the…
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