US Dollar Declines Prior to Crucial Fed Decision, DXY Levels Under Scrutiny
The US dollar, as measured by the DXY index, is facing downward pressure as traders eagerly await the crucial Federal Open Market Committee (FOMC) decision. Market participants are closely monitoring the levels on the DXY index, anticipating potential shifts in…
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Cooling US inflation provides room for Fed’s wait-and-see: Silver, Hang Seng Index, GBP/USD
Source: IG Market Recap Overnight, major US indices extended their recent gains (DJIA +0.43%; S&P 500 +0.69%; Nasdaq +0.83%) fueled by the ongoing progress of cooling US inflation. This favorable development reflects the effectiveness of previous policy actions and grants…
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EURAUD Faces Critical Test as Bears Stage a Comeback
EURAUD, the currency pair comprising the euro and the Australian dollar, is currently undergoing a crucial phase as bears regain control, leading to a potentially significant market shift. The recent decline in EURAUD has effectively nullified the gains achieved since…
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Gold Price Outlook: CPI Data and Fed Policy Decision Bring Uncertainty
As uncertainty looms over the gold price outlook, the financial markets have been closely monitoring the release of important economic data and eagerly awaiting a highly-anticipated policy decision by the Federal Reserve. The upcoming U.S. Consumer Price Index (CPI) report…
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Unleash the Power of Swing Trading Strategies: Proven Formulas for Success
Introduction Unlock the secrets of mastering the art of swing trading with proven swing trading strategies. Discover the essence of this popular trading technique, its ability to capture short to medium-term price trends, and the advantages it offers to active…
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