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Bullish Break in Crude Oil After US CPI; Can it Rise Toward $90?

Posted by By 13/04/2023Posted inForex
Upward momentum in crude oil is improving following the breakout from a week-long sideways range. Can oil rise toward $90?
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Gold Price Eyes New Highs as US Dollar Wilts on Soft CPI. Will XAU/USD Rally?

Posted by By 13/04/2023Posted inForex
The gold price scoped new highs after the US Dollar descended in the wake of CPI printing below forecasts and Fed meeting minutes revealing a tapering of sorts. Where to…
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US CPI, Fed Minutes to Weigh on US dollar: What’s Next For EUR/USD, GBP/USD, USD/JPY?

Posted by By 13/04/2023Posted inForex
Softening US price pressures could weigh on the US dollar even as the US Federal Reserve expects a recession this year as a fallout from the turmoil in the banking…
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Australian Dollar Boosted by Solid Jobs Data and Weaker USD. Where to for AUD/USD?

Posted by By 13/04/2023Posted inForex
The Australian Dollar moved higher after better-than-forecast employment data today. It comes with the US Dollar undermined by soft CPI data and Fed meeting minutes. Higher AUD/USD?
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US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector Turmoil

Posted by By 12/04/2023Posted inForex
Minutes from the Fed's March meeting indicate that the banking sector turmoil that erupted last month could lead to tighter lending standards and pave the way for a recession later…
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Bank of Canada Holds Rates Steady & Sticks to Data Dependency, USD/CAD Slides

Posted by By 12/04/2023Posted inForex
At the conclusion of its April monetary policy meeting, the Bank of Canada decided to maintain its policy rate at 4.50%, with a commitment to remain data dependent.
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USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jan 18 when USD/CHF traded near 0.92.

Posted by By 12/04/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
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USD Breaking News: US Dollar on Offer After Mixed CPI Report

Posted by By 12/04/2023Posted inForex
The USD slipped after the US CPI report missed on the headline figure down to 5% from 5.2% expected. DXY bears eye 101 support level.
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Apr 03, 2023 12:00 GMT when EUR/GBP traded near 0.88.

Posted by By 12/04/2023Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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Euro Latest: EUR/USD In Limbo Ahead of the Latest US Inflation Release

Posted by By 12/04/2023Posted inForex
The latest US CPI report crosses the wires at 12:30 GMT today before the FOMC minutes are released at 18:00 GMT. Until then, a range of markets are stuck in…
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