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After strong German inflation statistics, the EUR/USD remains over 0.9700.

The EUR/USD has gained pace in its rebound, surpassing 0.9700 on Thursday. The pair holds its footing as data from Germany revealed that CPI inflation increased in September faster than anticipated. The US Q2 GDP data will be closely watched. Technical Overview of EUR/USD The four-hour Relative Strength Index (RSI) indicator remains close to 50, …

After strong German inflation statistics, the EUR/USD remains over 0.9700. Read More »

gold

Gold Price Forecast: Oversold XAU/USD Continue Selling

ANALYSIS OF GOLD (XAU/USD) In the wake of the Fed’s aggressive rate expectations, gold entered the oversold territory. The pre-invasion level of 1611 is still within reach as the precious metal continues to be burdened by fundamentals. AFTER HAWKISH FED FORECASTS, GOLD ENTERED OVERSOLD LEVELS Except for the Bank of Japan, global central banks are …

Gold Price Forecast: Oversold XAU/USD Continue Selling Read More »

try

USD/TRY Defies DXY Decline To Max Out Around 18.50 On CBRT Hints

USD/TRY ignores the US dollar’s decline to maintain its lead and retest the record high at 18.48 ahead of Tuesday’s European trading session. The Turkish Lira (TRY) seems to applaud these indications of more rate reduction from the Central Bank of the Republic of Türkiye (CBRT). According to Reuters, a CBRT official document released on …

USD/TRY Defies DXY Decline To Max Out Around 18.50 On CBRT Hints Read More »

dollar

Australian Dollar Outlook: Currency Markets Rocked by Fed Decision

After the Fed raised rates, the Australian Dollar fell. The RBA has hinted at less aggressive monetary policy principles. The USD now has some heft thanks to the Fed’s massive boost. Will the AUD/USD exchange rate decline? The Australian Dollar now seems to be a victim of US Dollar manipulation. Treasury rates have shot up …

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nzd

NZD/USD falls to 0.5900, lowest since April 2020 on USD gains.

NZD/USD is under pressure from many sources and falls to its lowest point since April 2020. Bets on the Fed raising rates more aggressively help the USD quickly recover from a one-week low. Fears of a recession help the safe-haven dollar even more while hurting the risk-averse kiwi. The NZD/USD pair continues to see strong …

NZD/USD falls to 0.5900, lowest since April 2020 on USD gains. Read More »

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