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Bears eye further losses below 1.1900, 38.2% Fibo.
The EUR/USD pair attracts fresh sellers following the previous day's good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday. Spot prices,…
Pound Sterling softens to near 1.3750 as US Senate advances spending deal to avoid shutdown
The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President…
WTI declines to near $64.00 despite elevated geopolitical risks
West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for…
XAG/USD retreats toward $113.00 on profit-taking pressure
Silver price (XAG/USD) halts its seven-day winning streak, trading around 113.30 during the Asian hours on Friday. The precious metal retreated from its fresh record high of…
PBOC sets USD/CNY reference rate at 6.9678 vs. 6.9771 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9678 compared to the previous day's fix of 6.9771 and 6.9459 Reuters…
US Treasury says Chinese Yuan undervalued, calling on China to allow its rate to strengthen
The US Treasury stated that the Chinese Yuan is “substantially undervalued” and called on China to allow its exchange rate to strengthen in a timely and orderly way, Bloomberg…
When is the Japan Tokyo CPI and how it could affect USD/JPY?
The Japan Tokyo CPI OverviewStatistics Bureau of Japan will publish its data for January on Friday at 23.30 GMT. The Tokyo CPI measures the price fluctuation of goods and services…
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Dow Jones declines amid Microsoft drop and fading AI optimism
US equities faced renewed pressure on Thursday as megacap technology earnings and the Federal Reserve’s (Fed) tepid showing this week weighed on sentiment. The S&P 500 fell…