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Markets
Trades around 1.4100 due to bullish bias
USD/CAD recovers its recent losses from the previous session, trading around 1.4100 during the early European hours on Monday. The daily chart’s technical setup reflects a…
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EUR/GBP posts modest gains near 0.8800 on weak UK Retail Sales
The EUR/GBP cross trades with mild gains near 0.8790 during the early European trading hours on Monday. A softer-than-expected UK Retail Sales report for October weighs on the…
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Struggles above 1.3100 amid bearish outlook
The GBP/USD pair reverses a modest Asian session dip and climbs back above the 1.3100 mark in the last hour amid a modest US Dollar (USD) downtick on Monday. However, the…
Gold drifts lower amid a bullish USD and positive risk tone
Gold (XAU/USD) attracts fresh sellers during the Asian session on Monday and declines below the $4,050 level in the last hour, though it lacks follow-through. The US Dollar (USD)…
Australian Dollar remains steady due to cautious RBA sentiment
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Monday ahead of the looming key inflation update this week. Traders will likely observe Australia’s first…
Japanese Yen weakens on fiscal worries and BoJ policy uncertainty
The Japanese Yen (JPY) attracts fresh sellers at the start of a new week and erodes a part of Friday's modest recovery gains amid concerns about Japan's ailing fiscal position on…
New Zealand Dollar softens to near 0.5600 as RBNZ rate cut looms
The NZD/USD pair loses ground to near 0.5605 during the early Asia session on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid expectations that the…
XAU/USD gains ground above $4,050 on Fed rate cut bets, US data awaited
Gold price (XAU/USD) trades in positive territory around $4,075 during the early Asia session on Monday. The precious metal edges higher as expectations for a Federal Reserve (Fed)…