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- Brent oil drops 10% after Iran reopens the Strait of Hormuz
- EURUSD reaches pre-war highs, supported by rising market optimism
- WTI Oil – Increasing optimism caps gains, but stronger confirmation is still lacking
- BTCUSD enters consolidation after decisive break above key barriers
- Dollar Index steadies as sellers take a breather above new multi-week trough
- AUDUSD consolidates as bulls prepare for potential retest of 2026 highs
- GBPUSD pauses for consolidation following extended 7-day rally
- WTI Oil Jumps Above $100 as Geopolitical Risks Intensify
- US inflation posts its strongest increase since mid-2022 in March
- EURUSD – bullish momentum meets resistance near the base of a descending and thickening daily cloud, limiting further upside progress
WTI Oil Opens Higher Amid Middle East Tensions, Faces Technical Resistance
WTI oil opened higher on Monday due to escalating supply concerns following the latest developments in the Middle East conflict, which threaten to deepen the crisis.
The price rebounded from last week’s low, retracing approximately 50%…
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US PCE Price Index Rises Slightly in June, Supporting Expectations for Fed Rate Cuts
The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge for monetary policy, edged up by 0.1% in June following a flat reading in May. On an annualized basis, the PCE price index increased…
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Gold Price Rises on Friday Amid Profit-Taking and Anticipation of US Data
Gold prices increased on Friday as traders took profits from a sharp decline over the past two days, which saw a nearly 3% drop. The significant downturn on Thursday was triggered by strong US Q2 GDP numbers.
The top of the daily…
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USD/JPY Maintains Slight Bullish Bias Amid Potential Reversal Signs
USD/JPY held a slight bullish bias on Friday, hinting at a potential reversal after Thursday's larger bearish movement stalled. This led to the formation of a long-tailed Doji candlestick, bouncing from a new multi-week low and creating a…
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Dollar Index Edges Higher Ahead of Key Inflation Data
The dollar index rose slightly on Friday morning, remaining within a volatile range for the sixth consecutive day. The long tails on the daily candles over the past two days and consistent closes above the upward-turning 10-day…
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US Economy Exceeds Expectations in Q2 – GDP Report
The US economy's acceleration in the second quarter of 2024, paired with easing inflation, presents a multifaceted scenario for policymakers and financial markets. GDP growth at an annualized rate of 2.8%,…
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AUDUSD – Sharp Downtrend Breaks Below Thick Daily Cloud Base
The steep decline in AUDUSD extends into its ninth consecutive day, accelerating on Thursday with a drop of 0.85% during the Asian and European sessions. The pair has reached its lowest levels since early May and is on track for…
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EURJPY Drops to Multi-Week Low After Breaking Key Support
EURJPY continued its sharp decline into the fifth consecutive day, reaching an 11-week low early Thursday with a 1% drop during the Asian session.
Recent interventions by Japanese authorities have…
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Eurozone PMI Data Reveal Slower Business Growth in July 3/3
Economic data released today indicated that Eurozone business activity growth stalled in July, as moderate expansion in the dominant services sector failed to counterbalance a deeper downturn in manufacturing.
The Eurozone preliminary…
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EUR/USD – Bears Encounter Resistance at Pivotal Fibonacci Support
EUR/USD extended its pullback from a multi-month high of 1.0948, breaching pivotal supports at 1.0840/33 (38.2% Fibo retracement of 1.0666/1.0948 / 20DMA), but is struggling to make a decisive break lower.
Oversold conditions on the daily…
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