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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…

Market News
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…

Market News
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…

Market News
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…

Market News
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…

Market News
Forex Today: New month, fresh market gains, PMIs, Powell’s testimony and Brexit

Forex Today: New month, fresh market gains, PMIs, Powell’s testimony and Brexit

Markets have resumed their elements and the dollar is on the limit as soon as greater foot as swiftly as as rapidly as greater as the grime settles from end-of-month flows. Optimism about vaccines and…

Market News
EUR/JPY Price Analysis: Extra gains expected above 125.00

EUR/JPY Price Analysis: Extra gains expected above 125.00

EUR/JPY procedures the key barrier at one hundred twenty five on Tuesday. If this stage is cleared, then the subsequent goal comes in at 127.00. EUR/JPY fades Monday’s bad rate motion and resumes the upside…

Market News
USD/JPY: Further downside could lose traction – UOB

USD/JPY: Further downside could lose traction – UOB

UOB Group’s FX Strategists cited the likelihood of greater declines in USD/JPY may want to be going for walks out of steam. Key Quotes 24-hour view: “Our expectation for USD to ‘test the 103.70 support’…

Market News
USD/IDR Price News: Indonesian rupiah off multi-day lows near14,150 on upbeat CPI

USD/IDR Price News: Indonesian rupiah off multi-day lows near14,150 on upbeat CPI

Indonesia’s annual inflation cost accelerated more-than-expected in November, in accordance to the today’s information posted by way of Statistics Indonesia on Tuesday. Indonesian November’s inflation fee rose to 1.59% on the year, in distinction with…

Market News
USD/CHF Price Analysis: 10-day SMA recalls the bears ahead of Swiss Q3 GDP

USD/CHF Price Analysis: 10-day SMA recalls the bears ahead of Swiss Q3 GDP

USD/CHF stays depressed close to 0.9070, down 0.20% intraday, whilst heading into Tuesday’s European session. In doing so, the pair marked reversal from the 10-day SMA beforehand of the key Q3 GDP facts from Switzerland,…