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Forex Today: Dollar remains on the back foot as two hopes clash with two concerns, data eyed

Forex Today: Dollar remains on the back foot as two hopes clash with two concerns, data eyed

The US greenback stays on the again foot amid a combine of superb and damaging developments. US coronavirus instances and worsening family members with China weigh on sentiment, whilst stimulus and vaccine hope raise sentiment.…

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Gold Price Analysis: XAU/USD climbs to multi-day tops, just above $1840 level

Gold Price Analysis: XAU/USD climbs to multi-day tops, just above $1840 level

Gold edged greater via the early European session and climbed to eight-day tops, round the $1845 vicinity in the ultimate hour. The valuable metal constructed on this week’s goodish rebound from the $1764 place –…

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US dollar could drop by another 10% in 12 months – Morgan Stanley

US dollar could drop by another 10% in 12 months – Morgan Stanley

The US greenback ought to decline via 10% over the subsequent 12 months, Morgan Stanely’s Mike Wilson advised Bloomberg whilst calling a susceptible dollar the section of the funding bank’s reflation story. The thesis is…

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USD/JPY in downside consolidation around 104.50, US data, stimulus news eyed

USD/JPY in downside consolidation around 104.50, US data, stimulus news eyed

USD/JPY is consolidating the current drop from 104.75 ranges in Thursday’s Asian buying and selling amid a extensively subdued US greenback and blended market sentiment. The predominant has been intently following the US greenback rate…

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NZD/USD Price Analysis: Signs of indecision, Thursday’s close pivotal

NZD/USD Price Analysis: Signs of indecision, Thursday’s close pivotal

NZD/USD traded returned and forth on Wednesday, producing a Doji candle on the each day chart. A Doji, with its lengthy wicks and the negligible physique representing a flat close, is viewed a signal of…

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Forex Today: Dollar licks its wounds as Biden cools on China, vaccine, stimulus and data eyed

Forex Today: Dollar licks its wounds as Biden cools on China, vaccine, stimulus and data eyed

The US greenback is marginally bouncing as President-elect Joe Biden desires to hold tariffs on China unchanged at first. The UK’s approval of a coronavirus vaccine helps maintain an upbeat mood. ADP’s jobs figures, Fed…

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GBP/USD shifts the attention to 2020 highs near 1.3500 – UOB

GBP/USD shifts the attention to 2020 highs near 1.3500 – UOB

The upside momentum in Cable may want to push the pair to any other practicable go to of the every year highs close to the 1.3500 stage (September 1). Key Quotes 24-hour view: “Our expectation…

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EUR/USD firmer, now looks to 1.2200 – UOB

EUR/USD firmer, now looks to 1.2200 – UOB

UOB Group’s FX Strategists mentioned EUR/USD should now try to go to the 1.2200 degree in the subsequent weeks. Key Quotes 24-hour view: “Our expectation for EUR to consolidate used to be incorrect as it…

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AUD/USD now focused on 0.7330 – UOB

AUD/USD now focused on 0.7330 – UOB

A breakdown of 0.7330 would point out that the effective segment in AUD/USD ought to be over, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that…

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Gold: Outflows in ETFs key driver behind the November sell-off – Commerzbank

Gold: Outflows in ETFs key driver behind the November sell-off – Commerzbank

In the view of Carsten Fritsch, Precious Metals Analyst at Commerzbank, outflows in the gold-backed exchange-traded dollars (ETFs) in November used to be the fundamental driver at the back of the metal’s fall. Key quotes…