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AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD Price Analysis: Teases 0.7360-65 hurdle on RBA Minutes, focus on Gov. Lowe’s speech

AUD/USD stays sidelined as RBA Minutes reiterate no fee hike till 2024. Convergence of 100, 50-DMA defend immediately upside, bears want validation from 61.8% Fibonacci retracement. Bearish MACD signals, descending Momentum line maintain agents hopeful.…

Market News
USD/CAD struggles around 1.2500 on sluggish oil, steady yields, US Retail Sales eyed

USD/CAD struggles around 1.2500 on sluggish oil, steady yields, US Retail Sales eyed

USD/CAD hesitates to lengthen pullback from six-week top, sidelined of late. WTI crude oil fades rebound from one-week low amid slow sentiment. DXY tracks US Treasury yields round multi-day top. Cautious sentiment in advance of…

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USD/ZAR: Sentiment around the South African rand challenged by stagflation dynamics – CIBC

USD/ZAR: Sentiment around the South African rand challenged by stagflation dynamics – CIBC

The USD/ZAR is headed towards a modest grasp over the subsequent quarters in accordance to analysts at CIBC. They forecast USD/ZAR at 15.45 throughout the fourth quarter and at 15.75 through the first quarter of…

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US Consumer Confidence: Inflation is weighing on the minds of consumer – Wells Fargo

US Consumer Confidence: Inflation is weighing on the minds of consumer – Wells Fargo

Data launched on Friday confirmed an sudden decline in the Consumer Sentiment Index measured with the aid of the University of Michigan in November to the lowest degree in ten years. Sentiment has been shaken…

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USD/JPY: Extended easy BoJ monetary policy suggests weaker yen ahead – CIBC

USD/JPY: Extended easy BoJ monetary policy suggests weaker yen ahead – CIBC

Analysts at CIBC forecast the USD/JPY pair may want to proceed to upward push at some point of the subsequent months at a gradual pace. They see the pair at 114 in the course of…

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Gold Price Analysis: XAU/USD dip to $1850 bought as Fedspeak eyed

Gold Price Analysis: XAU/USD dip to $1850 bought as Fedspeak eyed

Spot gold is returned to flat on the day round $1860, having located precise demand when it dipped to $1850. Friday’s US purchaser and JOLTs job openings records supported the valuable metal. Attention now turns…

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AUD/USD renews multi-day low near 0.7280 amid sluggish markets

AUD/USD renews multi-day low near 0.7280 amid sluggish markets

AUD/USD prints four-day south-run to check the lowest tiers considering that October 07. DXY grinds greater round 16-month pinnacle amid constant yields. Mildly bid inventory futures, hopes of Asia-Pacific rebound and doubts over Evergrande prevent…

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EUR/USD: To remain range-bound over the coming year – Goldman Sachs

EUR/USD: To remain range-bound over the coming year – Goldman Sachs

In the view of the analysts at Goldman Sachs, EUR/USD is set to continue to be in a acquainted vary between 1.1600-1.1800 over the coming year. Key quotes “We now forecast that EUR/USD will stay…

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GBP/CAD goes south toward 1.6820 amid Brexit risks

GBP/CAD goes south toward 1.6820 amid Brexit risks

GBP/CAD gravitates downward, UK GDP records did now not underpin. The pair desires tremendous good points to proceed its northward journey. GBP/CAD faces hard resistance, should probable prolong the downtrend. GBP/CAD has been at its…

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NZD/USD Price Analysis: Extends 100-DMA breakdown towards 0.6985

NZD/USD Price Analysis: Extends 100-DMA breakdown towards 0.6985

NZD/USD takes affords to refresh month-to-month low, down for the fourth consecutive day. 11-week-old horizontal support, 61.8% Fibonacci retracement stage on the bear’s radar. NZD/USD stays supplied for the fourth day in a row, clean…