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Market News
AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

As per the prior analysis, AUD/USD Price Analysis: Inverse H&S in the making from 0.7200 support, AUD/USD is on the verge of both a smash to the upside of a run under integral each day…

Market News
USD/TRY Price Analysis: Bears stay in charge despite firmer US dollar

USD/TRY Price Analysis: Bears stay in charge despite firmer US dollar

Technically, USD/TRY stays caught in a sideways vary between the thirteen and 14.00 areas. The US dollar, as measured through the DXY index, is more impregnable and correcting the latest bearish thrust under day by…

Market News
JPY tumbles to three-week lows near 113.50

JPY tumbles to three-week lows near 113.50

Japanese yen advantages amid susceptible US information and hazard aversion. DXY erases losses and turns superb at some point of the American session. USD/JPY has the largest weekly loss in a year. The USD/JPY prolonged…

Market News
Gold Price Forecast: XAU/USD traders eye a correction before $1,850

Gold Price Forecast: XAU/USD traders eye a correction before $1,850

Update: Gold (XAU/USD) is flat in Asia as the markets consolidate the weak point in the dollar from overnight. The bears moved in regardless of possibilities of a March hike taking the DXY index to…

Market News
Gold Price Forecast: XAU/USD ranges below $1,800 amid a quiet start to a busy week

Gold Price Forecast: XAU/USD ranges below $1,800 amid a quiet start to a busy week

Update: Gold fee is posting small losses whilst ranging under $1,800 so a ways this Monday, as holiday-thinned market prerequisites blended with a broad-based US dollar rebound provide headwinds to bulls. Traders additionally flip cautious…

Market News
BOJ offers to make massive cash injection as 10-year JGB yields spike

BOJ offers to make massive cash injection as 10-year JGB yields spike

At its day by day operation, the Bank of Japan (BOJ) provided to inject big money into the monetary markets, in a bid to counter the have an impact on of rising long-term pastime charges…

Market News
WTI justifies Thursday’s bearish Doji, ignores China PMI to ease around $76.00

WTI justifies Thursday’s bearish Doji, ignores China PMI to ease around $76.00

USD/TRY continues its healing rally intact from five-week lows. The lira is unable to draw assist from the government’s aid and confidence. USD/TRY awaits acceptance above 21-DMA on the avenue to recovery. USD/TRY is posting…

Market News
Gold Price Forecast: XAU/USD remains pressured towards $1,800 amid firmer yields

Gold Price Forecast: XAU/USD remains pressured towards $1,800 amid firmer yields

Gold costs conflict to maintain the soar off one-week low after shock volatility. Market sentiment stays less assailable regardless of a bounce in covid infections. Yields rally on downbeat seven-year auction, US information came in…

Market News
China raises import quota on Australian wool in 2022 to 40,203 tonnes

China raises import quota on Australian wool in 2022 to 40,203 tonnes

China raises import quota on Australian wool in 2022 to 40,203 tonnes, the country’s Commerce Ministry stated in a announcement on Wednesday. The Commerce Ministry additionally introduced that China set import quota on New Zealand…

Market News
USD/TRY battles 11.00 as bulls challenge five-day losing streak

USD/TRY battles 11.00 as bulls challenge five-day losing streak

USD/TRY is flatlined round 11.00, as bears check bullish commitments. Erdogan stated foreign exchange ‘bubble’ has burst and u . s . a . heading for steady summer. 100-DMA is the ultimate line of protection…