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- 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
- WTI extends rebound on supply concerns and fading optimism over peace talks
- US Dollar Index – temporary stabilization ahead of possible renewed downside pressure
- Dollar–yen recovers momentum following recent drop
- Economic activity in Germany weakens sharply in second quarter
- Dollar index holds steady ahead of Powell’s remarks
The Reserve Bank of Australia keeps interest rates at a multi-year high, though its approach is less…
The Reserve Bank of Australia maintained interest rates at a 12-year high of 4.35% following its two-day May policy meeting, surprising the markets with a less aggressive stance than anticipated, as many expected signals of another rate…
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US job growth in April fell short of expectations, slowing down more than anticipated
US job growth in April showed a slower pace of hiring, with nonfarm payrolls rising by 175,000, compared to a revised higher figure for March. Though this number fell short of expectations, it still points to a relatively tight labor…
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Crude oil is set to close the week down by more than 5%, pressured by worries about demand
WTI oil prices are consolidating for the second consecutive day after a sharp drop earlier in the week but maintain a strong bearish outlook below the key $80 level.
Oil is on track for its largest weekly…
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EUR/USD – Bulls maintain their hold and continue to challenge key resistance levels; traders…
The Euro maintains a firm stance, marking its third consecutive day of gains and putting pressure on key resistance at the 1.0750 zone (50% retracement of the 1.0885/1.0601 range and daily Kijun-sen).
A…
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Eurozone factory activity declined further in April, according to PMI data
The recent report on eurozone manufacturing activity presents a mixed scenario, with overall conditions declining despite some areas showing signs of improvement.
In April, manufacturing activity across the eurozone decreased further due…
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EURGBP faces resistance from a thin daily cloud, which poses challenges to recovery and increases…
The two-day recovery appears to be losing momentum as it repeatedly struggles to break above the thin daily cloud. The long upper shadows on the daily candles signal continued pressure.
The daily chart's technical outlook remains…
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The Federal Reserve keeps interest rates steady as anticipated, but cautions about high inflation…
The US Federal Reserve maintained interest rates steady following its policy meeting that concluded on Wednesday, as widely anticipated. The Fed hinted at future reductions in borrowing costs but also cautioned about unexpectedly high…
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Bitcoin experiences increased bearish pressure following a breach of the critical $60,000 support…
Bitcoin dropped to its lowest point since February 27 on Wednesday as the downward trend continued for the third consecutive day. This decline was driven by diminishing expectations of imminent Fed rate cuts.
On Monday, Bitcoin broke and…
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U.S. private payrolls exceed expectations in April – ADP
The latest ADP Employment report indicates a stronger-than-expected increase in private payrolls, with 192,000 jobs added in April, surpassing forecasts and maintaining momentum into the second quarter. The data suggests that the labor…
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The Federal Reserve is expected to keep rates unchanged as high inflation diminishes the likelihood…
The Federal Reserve concludes its two-day policy meeting today, with the release of a new statement and remarks from Chair Jerome Powell expected to shed light on how recent disappointing inflation data have…
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