Palmer
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EUR/USD, capped below 1.0700 maintains the broader bearish trend intact
Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on
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EUR/USD vs DXY averages one to ten years
EUR/USD Vs DXY Correlation = +90% Every average 1 to 10 years. DXY 2 vital averages 104.60 and 103.66. The 103.66 level holds DXY from a drop to 101.13, 99.28 and 99.00 at the 5 year average. DXY trades a massive range from 101.79 to 107.40. The top is located at 106.30 and 106.72. DXY 103.66 coinci
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NZD/USD Price Analysis: Treads water around 0.5900 with a bearish sentiment
NZD/USD maintains gains despite the bearish sentiment indicated by the technical analysis. Traders might contemplate short positions if the pair breaks below the support area encompassing 0.5863 and 0.5850. A pullback from the level of 0.5863 could lead the pair toward lower boundary of a symmetrica
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US Crude kicks off the week under selling pressure [Video]
The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 are due to report earnings this week. US crude kicks off the week under selling pressure, near the $81.50pb l
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Gold Price Forecast: XAU/USD holds below $2,400 on Fed hawkish comments, eyes on geopolitical risks
Gold price trades on a softer note near $2,385 on Monday. The hawkish shift in market sentiment could dampen demand for yellow metal. The rising conflict between Israel and Iran might lift the gold price. Gold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian tradi
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Euro edges higher, ECB eyes June cut
Euro recovers after dip The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1.8% and dropped as low as 1.0601 this week, it
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Pound Sterling finds support, though risk-off mood keeps downside bias intact
The Pound Sterling finds cushion near 1.2400 after mixed UK Retail Sales data for March. Geopolitical fears and a strong outlook for the US Dollar support the downside in the GBP/USD pair. Fed's Bostic said he is comfortable with interest rates remaining high. The Pound Sterling (GBP) finds a tempor
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Pull-up Update