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USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, the RSI is in the overbought area, which could be a sign of a probable correction. In this situation, a downward breakout of 5/8 (145.31) is expected, followed by a decline […]
USD Rally Weighs on Gold Gold prices have been drifting lower over recent weeks amidst the fresh uptick we’ve seen in USD. With traders now growing more uncertain over the projected US rate path in coming months, USD has made a comeback with pricing reflecting a higher likelihood of a further hike from the Fed. […]
Core CPI Holds Steady The latest set of UK CPI figures released today has seen GBP trading higher as traders move to price in a further BOE hike in September. The headline CPI reading was seen cooling to 6.8% from the prior month’s 7.9% reading, a little above the 6.7% the market was looking for, […]
The major currency pair maintains relative stability on Wednesday. The current EURUSD exchange rate stands at 1.0910. Retail sales volume in the US in July increased by 0.7% month-on-month. The data exceeded expectations: forecasts suggested a 0.4% increase contrasting with the 0.2% upturn seen the previous month. On an annual basis, the index rose by […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0965. However, the price might drop to 1.0860 and continue the downtrend without any pullback. USDJPY, […]
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