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Gold Falls by 1% as US Dollar StrengthensGold (XAU) dropped by 1% on Wednesday as the US Dollar Index (DXY) and Treasury yields strengthened ahead of the US inflation report. The DXY strengthened...
The EUR/USD lost its earlier gains on Tuesday, before dropping slightly in the first half of Wednesday’s session following the release of a weaker-than-expect German CPI report. Meanwhile, the...
The EUR/USD pair is experiencing a short correction upwards but remains within a broader downtrend. Meanwhile, the policy divergence could occur between the Fed and the ECB depending on the Eurozone...
The improvement in Germany's business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May...
The US dollar rally halted last week after Fed Minutes came out. This week, the greenback is eyeing key inflation and GDP data. It could break out toward 106 if the data is favorable. Invest like the...
We start with this from the “Pat on the Back Dept.” Per the prior missive penned a week ago (“Another Gold All-Time High is Nigh”), ’twas therein stated that Gold (then...
US dollar finds mild support from hawkish Fedspeak for now Global PMIs and Core PCE among major macro highlights still to come in May EUR/USD technical analysis points higher The US dollar has been...
The EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range. This week sees few significant US statistics releases, which could provide investors with...
The EUR/USD is in a longer-term symmetrical triangle pattern which has key resistance at the 1.1000 level and support down at 1.0630.Near term, the 1.0898 level is capping the rally, and if broken...
The US dollar is not giving up without a fight, gaining for the second day in a row against a basket of major currencies. Buyers seized the initiative after the Dollar touched the lower bound of its...
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