Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff

    Dollar Drifts Lower After Inflation Data, But Iran Risks Limit Selloff

    Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of…

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    Bitcoin Accelerates Lower and Cracks Important Supports

      Bitcoin Accelerates Lower and Cracks Important Supports

      BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day. Fresh rise in oil prices on renewed tensions in the Middle East, was mainly behind today’s drop, which cracked 100DMA (73017) and pressured next significant support at…

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      Gold Weakens Further, Downside Momentum Starts Accelerating

        Gold Weakens Further, Downside Momentum Starts Accelerating

        Key Highlights Gold started a fresh decline below the $4,550 support. A major bearish trend line is forming with resistance at $4,525 on the 4-hour chart. WTI Crude Oil extended losses and traded below $95. EUR/USD started a minor recovery wave above 1.1620. Gold Price Technical Analysis Gold failed to surpass $4,650 and trimmed gains…

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        Traders Are Desperate for More News, but the Status Quo Is Positive

          Traders Are Desperate for More News, but the Status Quo Is Positive

          Global financial markets are on edge as traders wait for clear details about the new US-Iran peace plan. After two months of intense tension and repeated ceasefire extensions, a concrete framework is finally being discussed. Both sides know what is at stake: the US wants the Strait of Hormuz reopened without conditions and Iran’s nuclear…

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          EUR/USD: Regains Traction But Faces a Number of Strong Technical Barriers

            EUR/USD: Regains Traction But Faces a Number of Strong Technical Barriers

            The Euro edged higher on Wednesday morning but still holds within a narrow range that extends into third straight day and below strong technical resistances. Lack of clearer signals (geopolitical/macroeconomic) keeps near term action in quiet mode, though with persistent worries of worsening conditions that would keep focus shifted from riskier assets and continue to…

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