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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
USDJPY Trades in Extended Narrow Range Before Key US Labor Data
USD/JPY continues to hover within a two-week span, consolidating just below multi-year highs in the 151.90/152.00 range (peaking in October 2022, November 2023, and March 2024). The prolonged sideways movement,…
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AUDUSD Breaks Through Key Resistance at 0.6600 Zone with Strong Recovery
For the third consecutive day, AUDUSD surges, buoyed by a softer US dollar and discouraging US services PMI figures (released Wednesday).
Bullish momentum breaks through crucial resistance at the 0.6600…
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Bullish Momentum for GBPUSD Holds Above 200-Day Moving Average, Yet Faces Challenges from Thin Daily…
The British Pound's recent upward movement, known as "Cable," has been steady following the double bottom formation around 1.2540 (April 1st and 2nd lows). Currently, it is challenging a significant resistance level at 1.2674, marked by the…
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Dollar Index Lags Ahead of Crucial US Data Release
The dollar index continues its downward trend for the third consecutive day, retracting from its recent multi-week high of 104.83.
Bearish sentiment persists as fresh pressure weighs on critical support levels at 103.84/80, representing…
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Eurozone Inflation Dips, ECB Rate Cut Expectations Rise
In a surprising turn of events, inflation in the Eurozone took an unexpected downturn last month, fueling discussions about the European Central Bank's (ECB) contemplation of reducing borrowing costs from their current historic highs.…
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USDTRY: possibility of a more significant correction occurring
The USDTRY pair continues to face downward pressure, testing the lower boundary of its recent consolidation range around the 31.800 mark.
Indicators on the daily chart are hinting at the possibility of a deeper correction, reminiscent of…
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Gold: Anticipating a Healthy Correction Before a Renewed Upsurge
Gold experienced a slight decline from its recent record high of $2288, showing signs of exhaustion among bullish investors following a rapid ascent of over 5% within the last six days.
Despite resuming its upward trajectory in early…
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WTI Crude Oil Surges to Five-Month Highs, Eyes Further Upside
On Tuesday, the price of WTI oil continued its upward trajectory, reaching a five-month peak and breaching the $85.00 mark for the first time since late October.
This recent surge marks the fourth consecutive day of bullish momentum,…
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EUR/USD: Bears Targeting 2024 Low
The Euro suffered a decline to fresh multi-week lows early on Tuesday, primarily influenced by a robust dollar and recent dovish remarks from ECB policymakers, who anticipate implementing four rate cuts in 2024.
Monday saw a 0.4%…
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Bitcoin Continues to Trade in an Extended Range
Bitcoin experienced a slight decline on Monday, yet it remains ensconced within a prolonged range that has persisted for seven consecutive days. The immediate trajectory continues to exhibit lateral movement, with the search for clearer…
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