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USD/INR Price News: Indian rupee regains below 75.00 amid covid-led risk aversion

USD/INR Price News: Indian rupee regains below 75.00 amid covid-led risk aversion

USD/INR extends pullback from weekly top, refreshes intraday low lately . India covid recovery rate risen 97.19% amid record infections, death tolls elsewhere in Asia-Pacific. Fitch cuts India growth forecast, India–UK negotiations on trade agreement will begin during late…

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US Dollar Index to hit new year highs above 93.45 – Westpac

US Dollar Index to hit new year highs above 93.45 – Westpac

The US Dollar Index (DXY) continues to trade with a more assured tone, a trend that has been in situ since the Fed’s hawkish pivot mid-June. within the view of economists at Westpac, DXY could…

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AUD/USD plummets to fresh YTD lows, bears targeting 0.7400 mark

AUD/USD plummets to fresh YTD lows, bears targeting 0.7400 mark

AUD/USD remained under some selling pressure for the third consecutive session on Thursday. COVID-19 jitters, the prevalent risk-off environment took its toll on the perceived riskier aussie Sliding US bond yields kept the USD bulls…

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Crude Oil Futures: A deeper pullback loses momentum

Crude Oil Futures: A deeper pullback loses momentum

In light of preliminary figures from CME Group for petroleum futures markets, traders trimmed their open interest positions by nearly 14K contracts on Wednesday, adding to the previous drop. Volume followed suit and went down…

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Crude Oil Futures: Further upside not ruled out

Crude Oil Futures: Further upside not ruled out

CME Group’s preliminary figures for petroleum futures markets noted open interest extended the uptrend and rose by nearly 8K contracts at the top of last week. Volume, instead, shrank by around 563.2K contracts after two daily builds during a row. WTI…

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Copper to resume its march higher above the 10120 mark – Commerzbank

Copper to resume its march higher above the 10120 mark – Commerzbank

Copper (LME) has resumed its ascent but must rise above 10120 to verify longer-term up move, consistent with Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Strong support is found at 8800/8570 “Copper’s slide has taken it to its June low…

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EUR/USD falters near 1.1900, turns negative afterwards

EUR/USD falters near 1.1900, turns negative afterwards

EUR/USD reverses the sooner move to the 1.19 area. The German Economic Sentiment surprised to the downside in July. US ISM Non-Manufacturing grabs all the eye across the pond. The EUR/USD’s earlier optimism was ephemeral. Indeed, the pair rapidly…

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AUD/USD: RBA to be unable to prevent further rises if commodity prices remain high – SocGen

AUD/USD: RBA to be unable to prevent further rises if commodity prices remain high – SocGen

There were two key surprises within the RBA Board’s July statement: the tapering of weekly purchases to AUD4 B per week and therefore the change to the forward guidance by removing “at the earliest.” So, although the Federal Reserve Bank of…

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Silver Price Analysis: XAG/USD climbs further beyond mid-$26.00s, over two-week tops

Silver Price Analysis: XAG/USD climbs further beyond mid-$26.00s, over two-week tops

Silver gained positive traction for the third consecutive session on Monday. Any subsequent move up might confront resistance near the 38.2% Fibo. level. Mixed technical indicators on the daily chart warrant caution for bullish traders.…

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EUR/USD pushes higher to 1.1880 ahead of Lagarde

EUR/USD pushes higher to 1.1880 ahead of Lagarde

EUR/USD extends the positive momentum near 1.1900. EMU’s Sentix index came during a tad below estimates in July. ECB’s C.Lagarde speaks later within the session. The buying interest round the single currency remains well and sound and now lifts EUR/USD to the…