Trending
- EUR/GBP – Temporary Recovery Likely Before Bears Resume Control
- NZD Surges on Hawkish RBNZ Rate Hike but Struggles to Sustain Gains
- Brent Crude Surges More Than 4% Amid Escalating US-Iran Tensions
- AUD/USD – Recovery Faces Strong Headwinds at Initial Fibonacci Resistance
- GBP/USD – Recovery Meets Strong Resistance Near the Key 1.3400 Barrier
- USD/JPY – Uptrend Resumes After Limited Correction, Focus Returns to Long-Term Peak
- EUR/GBP – Broader Bearish Trend Poised for a Pause
- Eurozone Inflation Slows More Than Expected in June, Reducing Pressure on ECB to Tighten Policy Further
- EUR/USD Recovery Stalls Below 10-DMA as ECB Rate-Hike Expectations Fade
- Japan’s Yen Slides to a Four-Decade Low as Authorities Refrain from Intervention Despite Firm Warnings
Oil rebounds on US crude stock drawdown and increase in Chinese imports
Oil prices climbed on Thursday as the decline in U.S. crude inventories and increased Chinese imports fueled optimism for demand growth in the world's two largest crude-consuming countries.
Brent crude futures…
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Crude oil prices continued to decline due to increasing worries about demand
WTI oil prices declined early on Wednesday as the unexpected increase in US crude inventories heightened concerns about weakening demand.
This fresh downturn fell below the base of the rising daily Ichimoku cloud and broke through pivot…
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GBPUSD trading decelerates as markets await the Bank of England’s policy decision on Thursday
Cable remains in a narrow trading range on Tuesday as traders await new signals from this week's key economic event for sterling: the Bank of England's monetary policy meeting on Thursday.
Today's data, including UK construction PMI…
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The Reserve Bank of Australia keeps interest rates at a multi-year high, though its approach is less…
The Reserve Bank of Australia maintained interest rates at a 12-year high of 4.35% following its two-day May policy meeting, surprising the markets with a less aggressive stance than anticipated, as many expected signals of another rate…
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US job growth in April fell short of expectations, slowing down more than anticipated
US job growth in April showed a slower pace of hiring, with nonfarm payrolls rising by 175,000, compared to a revised higher figure for March. Though this number fell short of expectations, it still points to a relatively tight labor…
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Crude oil is set to close the week down by more than 5%, pressured by worries about demand
WTI oil prices are consolidating for the second consecutive day after a sharp drop earlier in the week but maintain a strong bearish outlook below the key $80 level.
Oil is on track for its largest weekly…
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EUR/USD – Bulls maintain their hold and continue to challenge key resistance levels; traders…
The Euro maintains a firm stance, marking its third consecutive day of gains and putting pressure on key resistance at the 1.0750 zone (50% retracement of the 1.0885/1.0601 range and daily Kijun-sen).
A…
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Eurozone factory activity declined further in April, according to PMI data
The recent report on eurozone manufacturing activity presents a mixed scenario, with overall conditions declining despite some areas showing signs of improvement.
In April, manufacturing activity across the eurozone decreased further due…
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EURGBP faces resistance from a thin daily cloud, which poses challenges to recovery and increases…
The two-day recovery appears to be losing momentum as it repeatedly struggles to break above the thin daily cloud. The long upper shadows on the daily candles signal continued pressure.
The daily chart's technical outlook remains…
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The Federal Reserve keeps interest rates steady as anticipated, but cautions about high inflation…
The US Federal Reserve maintained interest rates steady following its policy meeting that concluded on Wednesday, as widely anticipated. The Fed hinted at future reductions in borrowing costs but also cautioned about unexpectedly high…
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