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- Gold Surges Beyond $5200, Poised for Seventh Straight Monthly Advance
- WTI Oil – Sharp Pullback Followed by Swift Rebound Signals Healthy Correction Before Renewed Upside Move
- German Consumer Sentiment Seen Deteriorating Further in March – GfK
- AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum
- Japanese Yen Slides Nearly 1% Amid Renewed Monetary Policy Uncertainty
- WTI Oil – Bulls Maintain Control Amid Escalating Supply Disruption Fears
- BTCUSD drops to a three-week low amid uncertainty surrounding U.S. tariff developments.
- Gold breaks above the upper boundary of its recent trading range, triggering a renewed bullish signal.
- U.S. economic growth decelerated sharply in the fourth quarter, falling significantly short of forecasts, while inflationary pressures continued to run high
- UK unemployment rises to highest level in years while pay growth slows, boosting rate-cut bets.
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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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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