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GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week...
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US Dollar Recovery this Week Faces Next Key Obstacle, Where to for DXY?

US Dollar Recovery this Week Faces Next Key Obstacle, Where to for DXY?

The US Dollar is on course to finish this week strong, a meaningful turnaround from the previous one. But, with prices at resistance, can DXY pierce a...
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Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

The Japanese yen was steady even as price pressures in Japan re-accelerated last month on the growing view that inflation is peaking. What does this m...
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Euro Technical Outlook – A Retreat from Lofty Levels. Will EUR/USD Reverse?

Euro Technical Outlook – A Retreat from Lofty Levels. Will EUR/USD Reverse?

The Euro has pulled back from the 17-month peak seen last week against the US Dollar and could be at a critical juncture to decide if bearishness pick...
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Profit-Taking in Big Tech Overnight, as US Earnings Remain Centre Stage: US Dollar, Nikkei 225, AUD/JPY

Profit-Taking in Big Tech Overnight, as US Earnings Remain Centre Stage: US Dollar, Nikkei 225, AUD/JPY

Wall Street ended mixed overall, with further catch-up gains in value sectors as the DJIA delivered its nineth day winning streak....
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Dow Jones, S&P 500 May Climb as Retail Traders Remain Deeply Bearish

Dow Jones, S&P 500 May Climb as Retail Traders Remain Deeply Bearish

The Dow Jones and S&P 500 may continue upward as retail traders remain persistently bearish Wall Street, increasing downside exposure. What are ke...
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Crude Oil Forecast: Breakdown in Play after Confluence Resistance Rejection

Crude Oil Forecast: Breakdown in Play after Confluence Resistance Rejection

Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ah...
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Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?

Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?

Gold prices gyrate lower as the U.S. dollar and bond yields rise following better-than-expected U.S. economic data ahead of next week’s key Fed ...
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USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes

USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes

The South African Rand (ZAR) fails to reclaim the R18/$ mark despite rate pause. The ZAR could be in for some short-term pain but the bigger picture a...
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