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
WTI Oil – Correction Expected to Find Firm Support Around $80 Zone
WTI oil prices are easing for the third consecutive day, correcting lower from a new multi-week high of $84.50, the highest level since mid-April.
Bulls lost traction after the hurricane's milder-than-expected impact on oil installations…
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GBPUSD – Bulls Pause Ahead of Powell’s Remarks
Cable is trading within a narrow range just below a new multi-week high during European trading on Tuesday, as markets anticipate today's key event – Fed Chair Powell's testimony.
The long upper shadow of Monday’s daily candle and…
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BTCUSD – Major Bears Pause, Consolidation Limited by 200DMA
The larger bears are taking a breather for the fourth consecutive day, holding above the lowest levels since late February.
The technical picture on the daily chart remains firmly bearish, with consolidation being capped by the 200 DMA,…
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EURUSD – Bullish Outlook Above Daily Cloud
EURUSD opened lower on Monday but quickly rebounded as larger bulls regained control, pushing the price towards last Friday’s multi-week high of 1.0842.
The dip was contained by the psychological support at 1.0800, which also…
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The US economy added slightly more jobs than expected in June, but the unemployment rate rose above…
The closely watched employment report from the US Labor Department’s Bureau of Labor Statistics revealed that US Nonfarm payrolls increased by 206,000 jobs in June, surpassing the expected rise of 190,000 and against May’s downwardly…
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Expectations for the US Non-Farm Payrolls – Today’s Key Economic Event
The upcoming release of June labor market data by the US Bureau of Labor Statistics will be closely scrutinized for indications of the Federal Reserve’s future policy moves, particularly regarding the timing of…
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Gold prices stay strong ahead of the US NFP report
Gold prices rose further on Friday morning, pressing important technical barriers ahead of the key US NFP report.
The metal has gained around 1.7% so far this week, benefiting from a weaker dollar driven by soft US…
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EUR/USD remains constructive, but the formation of a bull trap raises caution
EUR/USD remains on the front foot in early Thursday trading, holding just below the new three-week high (Wednesday's spike at 1.0816).
Bulls are probing through the cracked daily Kijun-sen (1.0791) and eyeing a retest of the…
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Dollar extends weakness following downbeat ADP data; US services PMI and NFP reports eyed for…
The dollar index fell to a one-week low on Thursday, extending its weakness for the second consecutive day. This decline was driven by dovish comments from Fed Chair Powell and a weaker-than-expected ADP private sector payrolls…
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GBP/USD rises further on better-than-expected UK PMI data
GBP/USD advances for the second consecutive day, bolstered by better-than-expected UK services PMI (the dominant sector of the economy) released earlier today.
Fresh bulls have cracked the psychological 1.2700 barrier and the…
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