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Forex
Pushing against resistance in the 0.8020 area
The US Dollar remains bid against a somewhat softer Swiss Franc, weighed by a brighter market sentiment on Thursday. The Greenback keeps its bullish trend from late December lows…
XAU/USD returns above $4,600 as the Dollar hesitates
Gold’s (XAU/USD) reversal from all-time highs found buyers near $4,580 on Thursday, before returning to levels past $4,600 during the European trading session. A somewhat softer US…
USD/CNH remains neutral for now – UOB Group
US Dollar (USD) remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. USD/CNH is expected to…
Mercosur trade deal a strategic geopolitical win – Standard Chartered
EU to sign a free trade agreement with the Mercosur bloc 25 years after first entering talks. The deal, still pending ratification, will reduce import duties on over 90% of exports…
Stays below nine-day EMA near 0.6700
The AUD/USD pair remains steady for the second successive session, trading around 0.6680 during the European hours on Thursday. The daily chart’s technical analysis indicated a…
Stocks to watch after December’s CPI report: CARS, CVNA, TSN
December’s CPI report showed inflation is stable but not necessarily improving in the way markets and the Federal Reserve may prefer. Still, when excluding the volatile categories…
GBP/USD remains under pressure as the US Dollar strengthens
When are the UK data releases and how could they affect GBP/USD?The United Kingdom (UK) docket has the Gross Domestic Product (GDP) and Industrial Production data for November to…
Gold price in Saudi Arabia: Rates on January 15
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet.The price for Gold stood at 554.26 Saudi Riyals (SAR) per gram, down compared with the SAR…
Takaichi’s trade caps Yen’s upside
The USD/JPY pair trades in a tight range around 158.50 during the Asian trading session on Thursday. The pair consolidates as the upbeat US Dollar (USD) has offset the decent…
XAG/USD corrects to near $86.50 as Iran stops killing protesters
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday. The white metal retraced from its all-time high of $93.51 posted on Wednesday after…