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- 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
XAUUSD – Medium-Term Outlook: $2500 Target Remains in Focus, but Consolidation Likely Before Fresh…
Gold is likely to retest the recent record high and challenge the psychological $2500 level in the coming months, as all key factors driving the metal’s price remain supportive.
Persisting geopolitical tensions and threats of…
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EURUSD remains positive despite Powell’s more hawkish-than-expected comments
EURUSD is consolidating within a narrow range on Thursday morning, following a strong rally on Wednesday (up 0.65%), and remains constructive despite Wednesday’s upside rejection and a bull-trap above the converged 10/20DMA’s.…
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Dollar drops sharply on softer-than-expected US May inflation numbers
The US dollar fell across the board in immediate reaction to softer-than-expected US May inflation numbers, reviving hopes for a Fed rate cut in September.
US month-on-month consumer prices were flat in May after a 0.3%…
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Cable remains positive despite weak UK GDP numbers, with all eyes on the US CPI and Fed decisions.
Cable edged higher in European trading on Wednesday, showing little reaction to overall negative UK economic data, including flat GDP in April and sharp declines in construction and manufacturing output. Traders are awaiting the release of…
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UK Economic Growth Slows in April – A Negative Signal for the Conservative Party Ahead of Election
UK month-on-month gross domestic product was flat in April, matching expectations after a 0.4% rise in March. The annualized GDP increased by 0.6% in April, down slightly from 0.7% the previous month, in line with forecasts.…
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USDJPY remains positive, awaiting US inflation data and the Fed decision for new direction signals.
USDJPY remains constructive, probing above the 157 barrier (the upper boundary of the triangular consolidation and the 61.8% Fibonacci retracement of the 160.19/151.85 bear-leg). However, ranges are narrowing ahead of key releases…
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Bitcoin – Near-Term Sentiment Sours Following 3% Drop Early Tuesday
Bitcoin dropped 3% in early Tuesday's sharp selloff, signaling the continuation of a bear-leg from the June 7 peak of 71,929.
Fresh bearish sentiment emerged after a mild recovery was repeatedly capped by the psychological 70K…
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GOLD – Bears Pause Ahead of US CPI Data and FOMC Policy Decision
Gold prices edged lower in early trading on Tuesday, following Monday’s limited consolidation after nearly a 4% drop on Friday.
The near-term outlook remains bearish following Friday’s massive losses, which were triggered by…
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The dollar continues to surge on increasing expectations that the Fed will maintain its higher…
The dollar index extended its strong rally on Monday, following a 0.8% advance on Friday and starting the week with a higher gap opening.
Upbeat May NFP numbers on Friday reinforced the hawkish stance, indicating that the Fed…
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Euro Continues Decline Following NFP Report Amid French Snap Election News
The Euro opened significantly lower on Monday, hitting a one-month low and extending Friday's 0.8% decline, which was the largest single-day loss since April 12.
This drop in the Euro was influenced by much higher than expected US…
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