Author: Omada Admin
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Bitcoin Races Towards New All-Time Highs – Crypto Update
BTC is less than $1,000 from its all-time highs! Bitcoin and other cryptos appreciated quite well since April 2025, from a rebound in risk assets. Fears from US tariffs were at their peak as President Trump started to put down the microphone and discuss with other foreign politicians. The US dollar as been lagging, giving…
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Gold Price Analysis: Will XAU/USD Hold $3300 Support?
Gold (XAU/USD) is testing the $3300 support level amid US Dollar weakness and geopolitical tensions. OANDA’s position book indicates many buy orders around $3300-3310, suggesting market participants are expecting further gains. Lack of High-Impact US Data weighs on the USD and Aids Gold. Gold prices have reclaimed the $3300/oz handle but there are growing signs…
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WTI Crude Oil Stalls — Pullbacks Likely to Find Strong Support
Key Highlights WTI Crude Oil prices started a decent increase above the $61.50 level. A key rising channel is forming with support at $61.40 on the 4-hour chart. Gold prices managed to climb above the $3,240 resistance. EUR/USD is recovering and might aim for a move above the 1.1380 resistance zone. WTI Crude Oil Price…
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Bitcoin Close to the Top
Market Picture Market capitalisation has risen 2% in the last 24 hours to $3.37 trillion, 8.5% below January’s all-time peaks. However, Bitcoin buyers are showing more confidence, trading above the $107k area (+2.9%). Ethereum and many other altcoins saw stronger intraday gains but still have a lot to recover after retreating significantly following the broader…
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UK’s Inflation Surge Puts BoE Closer to Fed
UK inflation accelerated more strongly than forecast, casting doubt on the likelihood of a rate cut by the Bank of England any time soon. The overall consumer price index increased 1.2% in April, the strongest monthly jump since April 2022. The annual rate of growth accelerated from 2.6% to 3.5%, the highest since January 2024.…
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Sunset Market Commentary
Markets Investor focus remains centered on public finances as trade wars shifted to the background following the US-Sino truce. Global yield curves extend their bear steepening run with attention obviously on the US. US President Trump’s big beautiful bill cleared another hurdle today as House Republicans reached an agreement on raising the deduction cap for…
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3354; (P) 1.3375; (R1) 1.3414; More… Intraday bias in GBP/USD stays on the upside for the moment, with focus on 1.3433/42 key resistance zone. Decisive break there will confirm larger up trend resumption. Next near term target will be 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100%…
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 143.89; (P) 144.70; (R1) 145.31; More… Intraday bias in USD/JPY stays on the downside at this point. Rebound from 139.87 could have completed as a correction to 148.64 already. Deeper fall would be seen back to retest this support. For now, risk will stay on the downside as long as 146.08 minor…
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8256; (P) 0.8309; (R1) 0.8337; More…. Intraday bias in USD/CHF remains on the downside for the moment. Corrective recovery from 0.8038 could have completed at 0.8475 already. Break of 0.8184 support will solidify this bearish case. Further break of 0.8038 will resume larger down trend to 61.8% projection of 0.9200 to 0.8038…
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1239; (P) 1.1263; (R1) 1.1307; More… Intraday bias in EUR/USD remains on the upside at this point. Correction from 1.1572 could have completed at 1.1064 already. Further rise should be seen to retest 1.1572 high first. Firm break there will resume larger up trend. Next near term target will be 61.8% projection…