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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
Gold reaches unprecedented peak
On Friday, gold soared to a fresh all-time peak, surpassing the psychological milestone of $2400. Its ascent remained swift, requiring only a few days to traverse from one significant round figure to another.
Rising geopolitical tensions…
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EURUSD Continues Sharp Decline as Bears Seize Command Following US Inflation Figures and ECB Policy…
The Euro's downward trajectory persisted on Friday, hitting fresh lows for 2024, marking the third consecutive day of significant declines. This downturn positions the currency pair for its most substantial weekly loss since the second week…
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The dollar index remains buoyed by US consumer prices surpassing expectations.
The dollar index maintained its strong position on Thursday, building on a notable increase of over 1% from the previous day, marking the most significant single-day gain since February 3, 2023. This upward surge was propelled by US…
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EURUSD bears are pausing before the ECB policy announcement.
The Euro remains firmly entrenched in negative territory, hovering near last week's low at 1.0725, after experiencing a significant decline on Wednesday, with the pair down by 1%.
The unexpected surge in US inflation during March tempered…
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The USDJPY surged to a fresh multi-decade peak following robust US CPI figures, sparking speculation…
USDJPY is currently consolidating near a new multi-decade high, hovering above the 153 mark, propelled by a robust 1% surge following stronger-than-anticipated US inflation data.
A potential breakout beyond the narrow two-week range…
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The Australian dollar maintains a bullish bias leading up to the release of the US inflation report
On Tuesday morning, AUDUSD remains confined within a narrow trading range, retaining a slight bullish inclination following Monday's 0.5% climb and a positive indication from the daily close above 0.6597 (the 100-day moving average and…
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The EURUSD continues to trade within a prolonged sideways pattern, with early signs of bearish…
Short-term market activity continues to exhibit a sideways trend, oscillating within a range bounded by the closely positioned 55-day and 200-day moving averages at 1.0831 and the 100-day moving average at…
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Industrial production in Germany exceeded expectations in February, experiencing a notable increase.
In February, industrial production in Germany surged by 2.1% compared to the prior month, surpassing the anticipated 0.6% growth forecast. This robust performance follows a revised upward increase of 1.3% in the…
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Gold Surpasses $2300, Sets New Record High
Gold's Upward Trajectory Persists, Reaching a New Record High of $2354 in Monday's Early Trading Session, Following Last Week's 4% Gain, Marking a Bullish Signal with a Weekly Close Above the Psychological…
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Crude Oil Poised for Second Consecutive Weekly Increase Amidst Shrinking Supply Prospects
Oil prices continued their upward trajectory on Friday, poised for a second consecutive weekly gain. This surge was underpinned by escalating geopolitical tensions in the Middle East, concerns surrounding a tightening supply, and optimistic…
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