Any relief in sight for melting gold?
Gold’s meltdown shows little sign of easing, with the precious metal heading for a fourth straight week in the red.
XM Group
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77 days ago
Overview: The price has tumbled to an eight-month low of 3,959 on Wednesday, marking a decline of more than 10% in June and nearly 30% from January’s record high. The bears remain firmly in the driver’s seat as the downtrend spills into the medium-term outlook, though a nearby support zone could inspire a temporary rebound.
Momentum: The RSI and stochastic oscillator have both entered oversold territory, indicating that a potential turning point may be approaching.
Bullish scenario: The bulls could emerge near the 3,890 support zone, opening the door for a recovery toward the 20-SMA around 4,250.
Risk: A decisive break below 3,800 could accelerate the bearish trend.
XM Group
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Today Fundamental Analysis: Oil Breaks Above $102 as Middle East Tensions Continue to Escalate
Oil prices pulled back slightly on Thursday, but Brent remained above $100 per barrel as escalating US-Iran tensions continued to raise concerns over Middle East energy supplies.
STARTRADER
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4h 35min ago
Today Technical Analysis: Copper Approaches Record Highs on Surging Demand
The S&P 500 remains in a short-term recovery phase after falling to 7,631, but the broader 1-hour structure is still recovering from a previous decline. The index is currently around 7,660.
STARTRADER
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4h 37min ago
Dollar struggles to gain ahead of US inflation data, yen extends rally
Dollar remains subdued ahead of US inflation data - US Treasury announces smaller-than-expected buyback - BoJ hike bets add more fuel to the yen’s engines - Stocks pull back amid rising yields and Middle East uncertainty
XM Group
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5h 53min ago
EBC Markets Briefing | Crude prices on solid footing amid deep supply concerns
Oil prices stayed firm as Iran-US tensions fueled supply risks. Goldman Sachs warned of a potential $120 surge, while OPEC output cuts supported Brent near $100.
EBC Financial Group
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5h 54min ago
The yen is strengthening before our very eyes
The yen may continue strengthening as capital returns to Japan, pressuring USDJPY amid expectations of BoJ tightening and broad dollar weakness.
FxPro
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6h 30min ago
The Inflation Measure Keeping the Fed Cautious
Shelter costs are cooling slower than the broader rental market, creating a gap between official inflation data and real-world conditions that could shape future rate expectations.
VT Markets
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7h 0min ago
US Yields Rise Despite Buybacks; Eyes on ECB Hike
Tensions escalated as the U.S. and Iran engaged in the largest maritime exchange in six months near the Strait of Hormuz, pushing Brent crude above $100/bbl. U.S. equities remained under pressure, Treasury yields rose even after the Treasury tripled long‑term bond buybacks, and a softer dollar supported gold.
ATFX
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7h 4min ago
Bitcoin edges lower for a 4th day, capped by the 50-week MA
Bitcoin is pulling back from the 50-week MA, the crypto market is awaiting signals from the Fed and inflation data, while the golden cross supports a bullish medium-term scenario.
FxPro
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7h 5min ago
