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- 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.
- USDJPY – downside momentum stalls after almost 3% loss this week
Cable Trading Sideways Ahead of Crucial US Data
The cable market remains stagnant within an extended sideways trend, experiencing a narrow range as trading thins out for the Good Friday holiday. Current activity shows a fluctuation between the 200-day moving average at 1.2588 and a slim…
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Oil rises more than $1 a barrel on tighter supply outlook
Oil prices surged by over $1 per barrel on Thursday, concluding the month on a higher note due to several factors influencing the supply outlook. The rally was fueled by expectations of OPEC+ maintaining production cuts, persistent attacks…
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EURUSD: Bears Test Crucial Support Zone
For the third consecutive day, the Euro has sustained losses, with a noticeable decline seen early on Thursday. It has breached significant support levels around the 1.0800/1.0790 area, which previously served as a higher base, coinciding…
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The UK economy slipped into recession last year, as evidenced by its GDP
Last year saw the UK economy slipping into a recession, as indicated by a contraction of 0.1% in GDP during the third quarter, followed by a further decline of 0.3% in the fourth quarter, according to official statistics.…
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The USDCHF climbs to its peak in nearly five months.
The USDCHF surged to its highest level in almost five months, extending its upward trajectory within a broader bullish channel and reaching a new multi-week peak on Wednesday, marking its highest point since November 2nd.
Bullish…
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Warning of Strong Intervention Issued as USDJPY Surges to New Multi-Decade High
During the Asian session on Wednesday, USDJPY climbed to a slightly higher multi-decade high of 151.97, indicating a persistent bullish trend as the US dollar gained momentum from favorable US data released on Tuesday.
The bullish…
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Gold is once again testing the $2200 mark as demand for safe-haven assets sees a resurgence.
The price of gold saw a significant rise on Tuesday, pushing towards the psychological barrier of $2200. This surge was fueled by a weakening dollar amidst growing optimism regarding potential rate cuts by the Federal Reserve, coupled with…
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GBPUSD is seeing bullish momentum gather pace following a double rejection at the 200-day moving…
The British Pound is showing resilience in early Tuesday trading, buoyed by upbeat UK data from Monday and diminishing expectations of a rate cut by the Bank of England in May.
The recent upswing has been supported by a double bounce off…
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Bullish Momentum in USDJPY Remains Strong Post Consolidation
Following a robust rally over the past couple of weeks, the USDJPY pair is currently undergoing a period of consolidation just below critical resistance levels at 150.90/94, corresponding to the highs of 2023/22.
The surge in USDJPY can…
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Gold prices rise but pinned below record highs as dollar strength persists
Gold prices saw an uptick in Asian trading this Monday, yet they lingered beneath their recent peak levels due to the ongoing dominance of the dollar. The strength of the dollar exerted significant pressure on metal markets, keeping gold…
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