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EUR/USD finds support near 1.0650, downside remains favored ahead of Fed policy
EUR/USD finds a temporary support near 1.0650 though dismal market sentiment keeps the downside bias intact. Uncertainty ahead of the Fed’s policy has dampened the appeal of risk-sensitive assets. The ECB is widely anticipated to begin reducing interest rates from June. The EUR/USD pair finds a prov
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US Dollar Index outlook: Keeps firm tone in expectations of Fed's further hawkishness
US Dollar Index The dollar keeps firm tone and hit new multi-month high early Wednesday, after surging 0.56% on stronger than expected US data on Tuesday. US employment cost index rose more than expected in the first three months, adding to signs of inflationary pressure, which added to the factors
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Silver Price Analysis: XAG/USD plunges over 3%, back beneath $27.00
Silver drops to $26.29 amid a strengthening US Dollar and rising Treasury yields, influenced by higher employment costs. Technical support is identified near $26.12, the high from May 5, 2023. Additional support might be found around the 78.6% Fibonacci retracement and the 50-day moving average at a
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Nikkei Blue Box Offered Another Buying Opportunity
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Nikkei. We presented to members at the elliottwave-forecast. In which, the rally from the 08 March 2022 low unfolded as an impulse structure and showed a bullish sequence. Suggested that
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AUD/USD Price Analysis: Uptrend extends
AUD/USD is in a short-term uptrend that is extending. The pair is pulling back within a rising channel. It will probably find support at the lower channel line and then resume its uptrend. AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday. AUD/USD 4-hour Chartç The pai
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European Union: From trade deficit to surplus
After two years of deficit, the EU trade balance returned to positive territory in 2023, supported in particular by falling energy prices. Trade surplus in traditionally buoyant sectors (pharmaceuticals, automotive) remains at historically high levels. China’s ramp-up to higher value-added sectors h
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