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Forex
US Dollar advances on the back of strong ISM PMI readings
DXY Index stands positively at 104.95, reflecting a noticeable gain for the day.
Investors focus on incoming data amidst speculation of an easing cycle…
AUD/USD Price Analysis: Remains stuck in tight range slightly above 0.6500
AUD/USD trades sideways around 0.6500 as the focus shifts to US NFP data.
Fed Powell sees no need to rush for rate cuts.
Investors await the RBA minutes…
US ISM Manufacturing PMI improves to 50.3 in March vs. 48.4 expected
US ISM Manufacturing PMI rose above 50 in March.
The US Dollar gathers strength against its rivals after upbeat PMI data.
Business activity in the US…
EUR/USD faces pressure near 1.0800 ahead of data-packed week
EUR/USD drops after a short-lived pullback from 1.0800 ahead of a data-packed US economic calendar.
The USD Index rises as market sentiment turns downbeat…
Pound Sterling turns neutral above 1.2600
GBP/USD Price Analysis: The initial support level is located at 1.2610
The GBP/USD pair holds positive ground near 1.2628, snapping the two-day losing streak…
Pound Sterling falls amid uncertainty over BoE’s interest rate guidance
The Pound Sterling drops amid uncertainty over the BoE’s interest-rate outlook.
BoE officials see expectations of two or three rate cuts for this year as…
SCCO should rally in bullish sequence and remain supported
Southern Copper Corporation (SCCO) engages in mining, exploration, smelting, refining & processing of Copper, Molybdenum, Zinc, Silver, Gold & Lead in…
Gold price consolidates its recent strong gains to record peak, bullish potential seems intact
Gold price advances to a fresh record peak amid rising bets for a June Fed rate cut.
The risk-on mood and a modest USD uptick do little to hinder the strong…
Forex Today: Gold surges to new record high on Easter Monday
Here is what you need to know on Monday, April 1:
Although the action in foreign exchange markets remain subdued on Easter Monday, Gold gathers bullish…
Japanese Yen consolidates near multi-decade low against USD, not out of the woods yet
The Japanese Yen continues to be undermined by the BoJ’s cautious stance and the risk-on mood.
Intervention fears limit further JPY losses and cap the…