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EUR/USD extended its daily decline to the 1.0500 level in the latter part of the US trading session, pressured by deteriorating market sentiment. Despite early-week upward movements, the pair continues to register a weekly loss. EUR/USD dropped below 1.0570 (the 100-day Simple Moving Average, Fibonacci retracement level of 23.6% from the recent downtrend) and the...

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Gold extended its daily gains and crossed above $1,920 for the first time in over two weeks on Friday. Rising political tensions ahead of the weekend weighed on US Treasury bond yields and provided momentum for XAU/USD, which has been on a nearly 5% uptrend this week. A brief overview of gold prices shows that it managed to reclaim the crucial short-term 21-day...

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Content: The Relative Strength Index (RSI) on the 4-hour chart has fallen below 40, indicating a short-term bearish trend. The key level for this pair is considered to be 1.2200 (psychological level, static level, 100-period Simple Moving Average, and 50-period SMA). If 1.2200 is confirmed as support, GBP/USD may extend its recovery towards 1.2250 (20-period SMA)...

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EUR/USD dipped below 1.0570 (Simple Moving Average 100-period, 23.6% Fibonacci retracement level of the recent downtrend) and the Relative Strength Index (RSI) on the 4-hour chart dropped below 50, indicating a short-term bearish trend. If EUR/USD rises above 1.0570 and establishes it as support, the pair might gather upward momentum, aiming for 1.0600...

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Gold prices (XAU/USD) have experienced a robust recovery due to escalating political tensions in the Middle East and the hope that the Federal Reserve (Fed) will refrain from further interest rate hikes this year. The precious metal gained momentum following an unexpected turn of events on Thursday, boosted by the release of the US Consumer Price Index (CPI)...

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Bitcoin (BTC) is currently on an upward trajectory, firmly holding above a crucial support level until the end of the week, as discussions about the widespread adoption of Bitcoin Exchange-Traded Funds (ETFs) continue across Crypto X. This stems from the conclusion that the US Securities and Exchange Commission (SEC) may not challenge Grayscale's recent victories...

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GBP/USD has managed to recover from recent losses, trading slightly above the psychological level of 1.2200. However, the pair faces challenges due to optimistic economic data emerging from the United States. US Economic Data: The US Consumer Price Index (CPI), revealed by the Bureau of Labor Statistics, surpassed expectations in September, with a stable 3.7%...

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The EUR/USD pair found support near the weekly low of 1.0525-1.0520 and experienced a slight uptick during Friday's Asian trading session, currently hovering around 1.0535-1.0540. Despite a modest 0.10% daily increase, the pair managed to thwart a significant retreat from its nearly three-week high overnight. Market Dynamics: On Thursday, the EUR/USD pair faced...

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Bitcoin (BTC) has recently experienced a significant price shift, dropping around 5% from its Sunday peak of $28,095 to the current $26,719 level. As the cryptocurrency market navigates these fluctuations, strategic insights become crucial in understanding the potential future movements of Bitcoin. Analyzing Price Trends: Bitcoin's current position within the...

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In the bustling world of global markets, gold (XAU/USD) showcased resilience during Friday's Asian trading session. The precious metal managed to hold its ground, preventing a retreat from the crucial $1,885 level, the highest point in two weeks. Currently, gold is trading just above the $1,870 mark, marking a modest 0.10% increase for the day. However, this...

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GBP/USD broke above 1.2300 for the first time since September 22 on Wednesday but struggled to gather more upward momentum. The negative sentiment in risk appetite could limit the pair's gains in the near term. However, the US Dollar (USD) may find it challenging to maintain its strength if policymakers continue with dovish remarks. San Francisco Federal Reserve...

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Bitcoin's Lightning Network has witnessed a staggering growth of 1,212% in recent times, with 6.6 million transactions recorded, a substantial increase compared to the 503,000 transactions in 2021, according to separate data from the Bitcoin stream exchange (BTC). In an announcement on October 10, River's investigative analyst, Sam Wouters, explained the...

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Buyers struggle to maintain Bitcoin (BTC) above $27,000 as selling pressure mounts. The increase in the September Producer Price Index by 0.5%, surpassing the expected 0.3% rise, indicates that inflation pressures are unlikely to ease hastily for the U.S. economy. Short-term uncertainty has shifted analysts' focus to November and the upcoming halving event...

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EUR/USD is currently consolidating above the 20-day Simple Moving Average (SMA), facing a significant resistance level at 1.0630. The chart indicates a wider upward range, with the Relative Strength Index (RSI) and Momentum showing higher levels. However, the overall trend remains bearish. On the 4-hour chart, the pair is testing the 1.0630 region, which contains...

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Gold prices surged on Wednesday, opening at around $1,859 and reaching a daily high near $1,877. However, the latest Federal Reserve (Fed) meeting minutes failed to trigger significant market reactions. Fed officials emphasized inflation risks and policy measures, but investors remained cautious. On Thursday, the US CPI index is expected to slightly decrease from...

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On Wednesday, the Euro gained ground against the US Dollar, influenced by the decline in Treasury bond yields following dovish remarks from Federal Reserve officials and China's anticipated stimulus measures. Atlanta Fed President Raphael Bostic, speaking at the American Bankers Association, indicated that a rate hike might not be necessary. His statement led to a...

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Future contracts of US securities edged higher on Tuesday as investors closely monitored policy comments from Federal Reserve officials and developments unfolding in the Middle East conflict. 1. Future Contracts Show Positive Momentum At 04:53 ET (08:53 GMT), Dow Jones futures added 61 points, or 0.2%, S&P 500 futures rose by 7 points, or 0.2%, and Nasdaq 100...

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In a dramatic turn of events, gold prices surged on Tuesday, reaching $1,862.8 per ounce for spot gold and $1,876.9 per ounce for US futures. The escalation of conflict in the Middle East between Israel and Hamas heightened demand for safe-haven assets like gold and oil. This spike follows a significant increase in gold prices on Monday, marking the most...