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EUR/CAD Long-Term Reversal as Oil, Inflation Rise
EUR/CAD Shaping up for Long-Term Reversal as Oil, Inflation RiseEUR/CAD sold off into the end of Q3 after the European Central Bank (ECB) hiked rates to 4% which may prove to be the peak. The euro depreciated immediately as markets lowered…
Next on the upside comes the 2023 peak
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DXY now reverses two daily pullbacks in a row on Friday.
Further recovery targets the YTD top near…
Signs of Weaker US Jobs Market Aid Aussie Dollar
AUD/USD ANALYSIS & TALKING POINTSModerating US jobs data bolster AUD but one eye on NFP tomorrow.US jobless claims and Fed speak the focus for today.Bullish divergence on daily chart a hopeful sign for AUD bulls.
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Another drop to 1.0450 should not be ruled out
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EUR/USD reverses initial gains and refocuses on 1.0500.
There is still scope for another visit to…
Dow and Dax Fail to Extend Wednesday’s Bounce, but Nasdaq 100 Holds above Support
Article by IG Chief Market Analyst Chris BeauchampDow Jones 30, DAX 40, Nasdaq 100 Analysis and ChartsDow fails to build on Wednesday’s recoveryThe index rallied off its lows yesterday, after heavy losses on Tuesday and…
XAG/USD rises 2.81%, tests key resistance, eyeing $22.00
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Silver rebounds from a near $20.80 low, surging above $21.50, undeterred by positive US economic…
Short USD/ZAR: Top Trade Opportunities
The South African rand has had a tumultuous period throughout Q3 2023 but ultimately trades roughly around the same levels against the USD as it did at the beginning of Q3. Central bank nuances shaped the way while global economic growth…
FX Weekly Recap: October 2 – 6, 2023
For most of the week, the U.S. dollar dominated the majors, but after the highly anticipated U.S. employment update on Friday, the Greenback finally gave up its crown to the European currencies with the Swiss franc taking the top spot.!--/sse-->!--sse-->…
NZD/USD rebounds into 0.6000 as US Dollar falls back on NFP buzzer-beater
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The NZD/USD is bounding higher as the US Dollar falls back on NFP data beats.
Kiwi catches enough…
NFPs to Send USD/JPY Lower or Will the BoJ Need to Intervene?
Japanese Yen (USD/JPY) Prices, Charts, and AnalysisUSD/JPY remain close to 150.00 despite BoJ warnings.US Jobs Report may help or hinder the Japanese central bank.Download our Brand New Q4 Japanese Yen Forecast for Free
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