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#US2000# Targeting 2700 High risk trade 30% chance of success

Chance for Euro (EUR) to retest the 1.0500 level before a more sustained recovery is likely. In the longer run, current price movements are likely part of a range trading phase, expected to be between 1.0465 and 1.0610, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. EUR expected to tra

Silver price retreats from Monday's monthly high of $32.28. The price of the grey metal found support following news of potential economic stimulus measures from China. The stronger US Dollar weighs on demand for dollar-denominated Silver. Silver price (XAG/USD) retreats from $32.00 per troy ounce d

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On the radar Real wage growth in Czechia for 3Q24 was 4.6% y/y, in nominal terms 7% y/y. Today, Polish central bank holds a rate setting meeting and we expect no change in policy rate. Otherwise, there are no other releases scheduled. Economic developments Today, we continue to look at soft indicato

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USD/CHF has broken below a key level bringing the uptrend into doubt. Other band omens are also appearing suggesting the possibility of a bearish shift in the trend. USD/CHF is at risk of tipping into a downtrend and reversing its short and medium-term bull trend, as it extends its pullback below a

Annual inflation in Germany edged slightly higher in November's flash estimate. EUR/USD continues to fluctuate in a tight channel at around 1.0550. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.2% on a yearly basis in November from 2% in September, Dest