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NZD/USD now moved into a consolidative phase – UOB

NZD/USD now moved into a consolidative phase – UOB

NZD/USD is forecast to trade between 0.6960 and 0.7105 within the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “While we expected NZD to strengthen yesterday, we were of the view…

Market News
Aussie Retail Sales big beat fends off the bears in AUD/USD

Aussie Retail Sales big beat fends off the bears in AUD/USD

Australia October Retail Sales arrived at +4.9% vs the 2.5% predicted for the month which is a massive beat. Xmas consumers and the covid associated pent-up demand is a probably contributing issue with the country…

Market News
EUR/USD: Recent break of 1.1250 risks an early test of 1.1050-00 area – Westpac

EUR/USD: Recent break of 1.1250 risks an early test of 1.1050-00 area – Westpac

EUR/USD dropped to its lowest degree given that June 2020 at 1.1185 on Wednesday. Renewed restrictions in opposition to resurging COVID-19 instances are outweighing plausible of a shift in European Central Bank (ECB) rhetoric, in…

Market News
Three reasons why equity markets will continue to rise – Natixis

Three reasons why equity markets will continue to rise – Natixis

Equity market indices have risen impressively in the current period. Some traders are worried about this upward shove in share fees and worry a downward correction. Analysts at Natixis accept as true with that on…

Market News
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…

Market News
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…

Market News
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…

Market News
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…

Market News
Gold Price Forecast: XAU/USD turns red for the first time in a week, eyes more losses

Gold Price Forecast: XAU/USD turns red for the first time in a week, eyes more losses

Gold is reversing its recent run to three-week tops of $1815, within the red for the primary time during a week. FXStreet’s Dhwani Mehta explains why downside appears more compelling for XAU/USD. See – Gold…

Market News
GBP/USD risks extra losses below 1.3735 – UOB

GBP/USD risks extra losses below 1.3735 – UOB

“We highlighted yesterday ‘the rapid drop appears to be overdone but with no signs of stabilization just yet, GBP could test 1.3760 first before a recovery are often expected’. Our view wasn’t wrong as GBP dipped to 1.3758…