GBP/USD recovers from 1.2000 on confusing words from BoE Bailey.
About 1.2000 is important for GBP/USD as the Dollar Index indicates contracting volatility. Positive ahead demand and higher producer prices indicate a rise in US inflation. BoE Bailey emphasized once again how tight the UK labor market is. After a…
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4 Global Market Updates- 2 March, 2023
In this article, we have covered the highlights of global market news about the AUD/USD, NZD/USD, USD/TRY and USD/CAD. AUD/USD Price Analysis: Bears are closing on the 0.6700 support level. The intraday low of 0.6730 is being held by the AUD/USD, which has reversed the…
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Gold Price Forecast: Strong USD, Fed rate rise worries keep XAU/USD around YTD low.
With USD demand picking up, there is fresh selling pressure on gold. Hawkish Fed predictions and high US bond rates support the US dollar. Fears of a recession strengthen the safe-haven XAU/USD and aid in containing losses. The price of…
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4 Global Market Updates- 28 February, 2023
In this article, we have covered the highlights of global market news about the EUR/USD, GBP/USD, USD/CHF and AUD/USD. EUR/USD Price Analysis: Sits around 1.0600 on the bull's radar. Early on Tuesday, at 1.0600, the EUR/USD bulls pause following the previous day's largest daily rise…
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Silver Price Analysis: XAG/USD attracts investors at $20.50 despite Fed rate rise concerns.
After touching Monday's low of $20.55, the silver price has seen a purchasing interest. The price of Silver has halted a four-day losing streak as investors have shrugged off concerns about the Fed raising interest rates. Strong wage growth and…
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