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USD/CHF picks up from 0.9075 support following Fed Golsbee’s comments
The US Dollar pares previous losses and returns to levels right below 0.9100 A doji candle in the weekly chart and the bearish divergence on intra-day charts suggest the possibility of a deeper correction. USD/CHF bears need to breach 0.9075 support level. The US Dollar has retraced previous losses,
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Weekly focus: Middle East situation remains tense
Market sentiment has remained volatile throughout the week. Iran's strikes to Israel last weekend sparked uncertainty, which eased gradually through the week, only to be re-ignited by Israel's retaliation last night. The jury is still out on whether this leads to a wider regional escalation, but at
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FX markets stage fight back against the strong Dollar
The main theme in financial markets right now is the Federal Reserve’s double pivot in the US, from not cutting interest rates, to signaling more rates are coming to then reversing course again and saying that inflation remains too hot for rate cuts at this stage. The market is actively pricing out
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The Dollar Index continued to rise on strong US Retail Sales data
The Dollar Index continued to rise on strong US Retail sales data but could face rejection near 107.50 in the near term, while the Euro is headed towards 1.06-1.055 from where a short bounce can be possible. EURJPY trades higher within the 162-165 region while USDJPY has risen above our expected res
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NZD hits five-month low against strong US Dollar
The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing exp
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EUR/USD Price Analysis: Holds above psychological level of 1.0600 amid a bearish sentiment
EUR/USD could test the support at the psychological level of 1.0600. The pair could extend losses to November’s low at 1.0516 as Technical analysis suggests a bearish confirmation. The area around the major level of 1.0650 and the 23.6% Fibo level of 1.0672 appears as the resistance zone. EUR/USD co
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Pull-up Update