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Tag: Greenback

Intraday Analysis – The Dollar Awaits Fed’s Signal – Orbex Forex Trading Blog

EURUSD hitting resistance The US dollar gained over 80 pips as traders prepared for a dovish Fed testimony. A drop below 1.0930 shows...

EUR/USD Price Paused Losses Ahead of 1.0867 Support Post PPI

The bias remains bullish as long as it stays above the median line (ml). A new lower low activates more declines. The US economic data should...

The Week Ahead – All Eyes on the Fed – Orbex Forex Trading Blog

GBPUSD falls back in the channel The pound slipped against the dollar after progressive retail and PPI data came out of America. It will...

Gold Price Shows Overbought Signs Ahead of US CPI

XAU/USD escaped from an up channel, signaling an overbought situation. Taking out the pivot point activates more declines. The US inflation figures should shake the markets....

AUDUSD trading below 0.66200, while AUDNZD at 1.07472

The Australian dollar (AUD) has been experiencing some interesting movements in the foreign exchange market recently. One notable development is the AUDUSD pair trading...

The Week Ahead – Another Backward Step – Orbex Forex Trading Blog

AUDUSD inflation rate still poses a threat The Australian dollar gathered strength after a pop above the latest resistance of 0.6600. The weakness in...

Canadian dollar extends gains after BoC decision – MarketPulse

The Canadian dollar has edged higher on Thursday....

Gold Price Soars as Dollar Weakens, Eyes on US Data

The gold price is bullish as long as it stays above the upper median line (uml). Taking out the immediate resistance levels activates further growth. The...

EUR/USD Price Challenging Key Levels, Focus on ECB

EUR/USD price escaping from the current range may bring us a clear direction. The US data should move the rate tomorrow. False breakouts through the upper...

The Week Ahead – Inflation Continues to Drive the Market – Orbex Forex Trading Blog

Brent crude (UKOIL) punches higher over increased demand Brent crude edges higher as demand looks to elevate prices as we head into 2024. Global...

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