USD/CHF Price Analysis: Reclaims 20-DMA, targets 50-DMA around 0.9300.
After forming a hammer at about 0.9200, USD/CHF surged off weekly lows. The pair is now upward inclined and may challenge the level of 0.9300 shortly. Following Thursday's price action, which created a hammer and exacerbated the pair rebound to…
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The USD/JPY declines on news of the next BoJ governor but finds support before the mid-130.00s
On Friday, USD/JPY encounters new supply and is hampered by resurgent JPY demand. The safe-haven JPY is strengthened for several reasons, which puts downward pressure on the pair. At least temporarily, a little USD strength gives some support and aids…
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4 Global Market Updates- 10 February, 2023
In this article, we have covered the highlights of global market news about the AUD/USD, EUR/USD, USD/CAD and USD/MXN. AUD/USD recovers intraday losses at 0.6930 as traders await US inflation antecedents. Around 0.6930, AUD/USD stabilizes daily losses after recovering from the intraday low during…
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AUD/USD closes in on a weekly high, targeting 0.7000 amid significant USD selling
On Thursday, AUD/USD attracts new bids and climbs again towards the weekly high. The USD is weighed down by and supported by the uncertainties around the Fed's rate-hike trajectory. The risk-averse Aussie gains from the risk-on mindset, which further weakens…
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4 Global Market Updates- 9 February, 2023
In this article, we have covered the highlights of global market news about the EUR/USD, USD/CAD, GBP/USD and USD/IDR. EUR/USD reclaims 1.0740 as market sentiment surges and investors absorb the Fed's harsh comments. After a rebound move from about 1.0710, the EUR/USD posted a…
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