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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
Ifo Survey: German Business Climate Steady in May
The German Ifo Business Climate Index remained unchanged at 89.3 in May, falling short of the forecasted 90.4, heightening concerns about a slowdown in the economic recovery of Europe’s largest economy.
The weaker-than-expected…
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The dollar index is on the back foot ahead of this week’s key economic releases
The dollar traded within a narrow range during the Asian and early European sessions on Monday, but the near-term outlook remains bearish. This is influenced by Friday’s 0.3% drop and the formation of a bearish engulfing pattern…
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Gold – despite a thick cloud of daily activity and a sharp pullback, the current recovery appears…
Gold prices edged higher in early trading on Monday following last week’s 5% pullback from a new record high, finding solid support at $2327/25, the top of the thick rising daily Ichimoku cloud.
Partial profit-taking lifted the…
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GBPUSD bulls have regained momentum and are poised for a renewed assault on significant resistance…
Cable showed resilience despite the positive US PMI data on Thursday and disappointing UK retail sales figures on Friday. It managed to climb above the 1.2700 mark during US trading on Friday.
The pair is set for its second consecutive…
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AUDUSD picks up momentum after experiencing a decline of more than 1% earlier this week
AUDUSD creeps higher on Friday as traders take profits from the recent four-day decline. Today's uptick marks the first gain of the week, although the pair is still set for a weekly loss exceeding 1%.
Technical indicators on the daily…
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WTI crude oil continues its decline as hawkish Federal Reserve minutes stoke worries about demand
WTI crude oil prices continue their downward trajectory for the fourth consecutive day, pressing against a fresh three-month low of $76.42 established in the previous session.
Short-term market sentiment took a hit following the release…
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EUR/USD – Recovery Requires Additional Positive Signals to Continue
The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
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Gold – Hawkish Fed minutes dampen near-term sentiment further
Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop.
The Fed minutes, released late Wednesday, indicated…
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Federal policymakers remain hopeful that inflation will keep declining – FOMC minutes reveal
The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months.
Recent inflation data…
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The USDJPY maintains a strong stance in anticipation of the release of FOMC minutes.
Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85).
The pair reached a new weekly high on Wednesday,…
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