Burke
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GBP/USD Price Analysis: The next downside target is located at the 1.2600–1.2605 region
GBP/USD trades on a softer note below the mid-1.2600s on Thursday ahead of UK GDP growth numbers data. The pair keeps the bearish vibe below the key EMA; RSI indicator holds below the 50 midlines. The immediate resistance level will emerge at 1.2655; the initial support level is located at the 1.260
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USD/INR rebounds as Fed’s hawkish comments spur US Dollar demand
Indian Rupee loses ground on Thursday on the firmer USD and the Fed governor’s hawkish comments. The INR’s downside might be limited by the potential intervention from the Indian central bank. The RBI is expected to hold rates steady in its April meeting amid strong economic growth and elevated infl
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NZD/USD Price Analysis: Finds temporary support slightly below 0.6000, downside remains favored
NZD/USD is expected to see more downside due to multiple headwinds. Investors remain uncertain ahead of the US core PCE inflation for February. A breakdown of the Double Top formation weakens the Kiwi asset. The NZD/USD pair finds interim support near 0.5990 in the European session on Wednesday. The
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Australian Dollar edges higher, CPI next
The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%. On today’s data calendar, the US will release two tier-1 events. Durable goods orders are expected to rebound with a 1.1% gain in February, after a 6.1% slide in January. The Con
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The US Dollar looks more likely to stabilise than stage another rally – ING
The US Dollar (USD) has declined at the start of this week. Economists at ING analyze Greenback’s outlook. There are no scheduled Fed speakers today There are a couple of data releases to watch in the US today after a good Chicago Fed Activity index print, soft manufacturing figures (Dallas Fed inde
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Pre Asia open: Rate cut fever
Friday's slight pullback in stocks came after a week of impressive gains, marking new record highs for all three major indexes. The Dow Jones Industrial Average declined by 305 points, or 0.8%, while the broader S&P 500 saw a marginal dip of 0.1%. In contrast, the Nasdaq managed to eke out a mod
Pull-up Update