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USD/CAD Price Analysis: Surges past 1.2600 mark, hits one-week tops

USD/CAD Price Analysis: Surges past 1.2600 mark, hits one-week tops

The USD/CAD pair built on the previous day’s strong move up and gained some follow-through traction for the second consecutive session on Wednesday. The momentum pushed the pair further beyond the 1.2600 round-figure mark, to one-week tops during the early European session. The US dollar staged a modest bounce from two-week lows, which, in turn, was seen as one...

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USD/JPY clings to gains near session tops, just below 110.00 mark

USD/JPY clings to gains near session tops, just below 110.00 mark

The USD/JPY pair built on its intraday bounce from one-and-half-week lows and refreshed daily tops during the early European session. The pair was trading with gains of around 0.20%, just below the key 110.00 psychological mark. The pair attracted some dip-buying on Wednesday and for now, seems to have stalled its recent corrective slide from...

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NZD/USD consolidates in a range, holds comfortably above mid-0.7000s

NZD/USD consolidates in a range, holds comfortably above mid-0.7000s

The NZD/USD pair lacked any firm directional bias and remained confined in a range just below two-week tops, around the 0.7065 region through the first half of the Asian session. A combination of factors failed to assist the pair to build on the previous day’s solid bounce from the key 0.7000 psychological mark and led...

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EUR/USD flirts with 1.1800 as US dollar rebounds amid risk-aversion

EUR/USD flirts with 1.1800 as US dollar rebounds amid risk-aversion

EUR/USD is off the weekly highs, looking to check the 1.1800 mark, because the US dollar bulls return amid a return of risk-off mood before the Eurozone data. The main currency pair retreats, as investors scout for safety within the US dollar amid souring risk sentiment. The futures tied to the US indices flipped to...

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GBP/JPY eases from April 2018 top towards 153.00 amid market consolidation

GBP/JPY eases from April 2018 top towards 153.00 amid market consolidation

GBP/JPY struggles to stay the upside momentum near a 36-month high, recently easing to 153.25, amid the initial hour of Tuesday’s Tokyo open. The pair jumped to the fresh high since April 2018 before a couple of minutes but consolidation within the market sentiment and downbeat news from the united kingdom seem to possess weighed...

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AUD/USD ignores strong China Caixin Services PMI ahead of RBA rate decision

AUD/USD ignores strong China Caixin Services PMI ahead of RBA rate decision

AUD/USD pauses pullback from intraday top of 0.7662 around 0.7650 during early Tuesday. In doing so, the Aussie pair takes clues from China’s Caixin Services PMI data for March but cautious sentiment before the RBA probes the recovery moves. China’s Caixin Services PMI differs from the Caixin Manufacturing PMI while rising to 54.3 versus 51.7...

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Gold Price Analysis: XAU/USD eyes $1709 support after strong NFP boosts yields –Confluence Detector

Gold Price Analysis: XAU/USD eyes $1709 support after strong NFP boosts yields –Confluence Detector

Gold (XAU/USD) is holding onto the later recuperation picks up at around $1730 on Easter Monday, with lean exchanges advertising small motivations. In the interim, solid US NFP employments reported-led spike within the shorter-duration Treasury yields weigh on the non-yielding shinning metal. The Encouraged is anticipated to increments rates sooner than already expected after the US occupations blowout fortified the prospects of quicker financial recuperation in the midst of higher inoculation rates. Stepping into a new week, the speculators stay on the edge ahead of US Administrations PMI and FOMC minutes. Be that as it may, gold remains at chance of seeing a few wild moves in...

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NZD/USD Price Analysis: Remains trapped between key averages on 4H ahead of US PMI

NZD/USD Price Analysis: Remains trapped between key averages on 4H ahead of US PMI

NZD/USD has room to rise towards the bearish 100-SMA at 0.7077 on the 1D chart. The kiwi bulls stay confident whereas over 21-SMA at 0.7005. US IS Administrations PMI seem offer new heading to the pair. NZD/USD is uniting in a 20-pips contract extend over 0.7000 on Easter Monday, amplifying Friday’s extend play, as markets anticipate the US ISM Administrations PMI report for a clear directional bias. At the press time, the kiwi exchanges humbly level around 0.7030, faltering between two key straightforward moving midpoints (SMA) on the four-hour chart. The...

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EUR/USD holds higher ground above 1.1750, surging yields cap gains

EUR/USD holds higher ground above 1.1750, surging yields cap gains

EUR/USD cheers wide US dollar withdraw, in spite of the fact that surging Treasury yields weigh. Stellar US NFP report lifts chance tone, drives the rally in Treasury yields. Europe’s covid and financial development growth development concerns weaken the euro. Focus shifts to the US ISM Administrations PMI as Europe celebrates Easter Monday. EUR/USD exchanges superior offered in early Europe, holding onto the bounce from close 1.1750, as the cheery advertise temperament weighs down on the safe-haven US...

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USD/JPY rises modestly, trades above 110.60 after strong NFP report

USD/JPY rises modestly, trades above 110.60 after strong NFP report

USD/JPY pair is edging greater in the early American session.10-year US T-bond yield is posting small day by day features close to 1.7%. Nonfarm Payrolls in the US surged by way of 916,000 in March. After spending the remaining couple of hours in a very tight vary close to 110.50, the USD/JPY pair received traction...