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Mexican Peso pares Banxico-inflicted losses below 50-EMA
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USD/MXN retreats from key EMA hurdle, fades the previous day’s rebound from one-week low.
Banxico…
How Much More to Go in Crude Oil? Is There More Upside in Natural Gas?
CRUDE OIL, WTI, NATURAL GAS, NG - Outlook:Crude oil looks overbought as it tests vital resistance.Natural gas remains in a slow and hesitant uptrend.What is the outlook for crude oil and natural gas and what are the key levels to watch?…
Trades with negative bias below 83.00, lacks follow-through
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USD/INR meets with a fresh supply on Friday and is pressured by a modest USD weakness.
The recent…
Subdued Start in Asia as Wall Street Rally Fizzles
An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US Consumer Price Index (CPI) release, prompting the US dollar to pare its earlier losses.Both headline and core US…
XAG/USD bounces off five-month-old support towards $23.30 resistance
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Silver Price picks up bids to defend Thursday’s recovery from the key support line.
Convergence of…
Moderately Higher US Inflation Sees USDZAR Ease
USD/ZAR AnalysisChinese woes impact rand valuations as South African Reserve Bank keeps rates on hold in JulyZAR receives slight reprieve as US inflation posts modest riseUSD/ZAR long-term trend remains unopposedThe analysis in this…
Cable bears eye 1.2570 and UK GDP
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GBP/USD stays pressured within three-week-old bearish trend channel.
Oversold RSI prods Cable…
USD/JPY, GBP/JPY Extend Gains for Fourth Consecutive Day. Where to Next?
JAPANESE YEN PRICE, CHARTS AND ANALYSIS:
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Most Read: GBP/USD Hovers at Key Inflection Point Ahead of Inflation and GDP DataThe Japanese Yen has continued its…
XAG/USD holds in positive territory after US CPI and Fed speakers
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XAG/USD recovered somewhat and rose above $22.50, hitting a daily high near $23.00.
US Treasury…
Gold Price Outlook at Risk as Markets Embrace Tighter Fed for Longer After US CPI
Gold, XAU/USD, CPI, Trendline Breakout – Precious Metals Briefing:Gold prices sink in the aftermath of US inflation dataLonger-term Treasury yields outpaced the front-endThis will continue making life difficult for XAU/USD
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