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Gold Price Analysis: Next levels to watch as XAU/USD hits $1,880 – Confluence Detector
Gold has been extending its relentless rise, hitting a new near-year high of $1,880.11at the time of writing. Monetary and fiscal stimulus have both been driving the precious metal higher. What are the next levels to watch on XAU/USD?
The Technical Confluences Indicator is showing that the next hu
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GBP/USD stays firm and targets 1.2800 – UOB
Cable keeps the solid momentum unchanged and could attempt a breakout of the 1.2800 mark in the next weeks, suggested FX Strategists at UOB Group.
Key Quotes
24-hour view: “Our expectation for GBP ‘to continue to strengthen’ was incorrect as it dropped to 1.2644 before snapping back up. The rapid sw
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FX update: USD trends lower
The Dollar has continued to track lower, despite a backdrop of flagging stock markets in Asia, although US equities closed with moderate gains yesterday and S&P 500 futures are showing a modest rise in overnight trading. The narrow trade-weighted USDIndex (DXY) printed a fresh four-and-a-half-mo
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Forex Today: Dollar dives despite disease, deteriorating US-Sino relations, gold glitters, data eyed
Here is what you need to know on Thursday, July 23:
Markets have remained calm and the dollar has been extending its decline, shrugging off rising coronavirus figures and escalating Sino-American tensions. Investors find solace in progress toward US fiscal stimulus and jobless claims are eyed.
Washi
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