xyaus
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Gold price retreats from one-month peak amid bullish USD, elevated US bond yields
Gold price kicks off the week on a softer note and pulls back from a one-month top set on Friday. Hawkish Fed expectations, elevated US bond yields and a bullish USD weigh on the precious metal. The risk-off mood could offer support to the safe-haven XAU/USD pair and help limit further losses. Gold
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CAD holds consolidation range around 1.44 – Scotiabank
The CAD is little changed on the session and continues to hold in the trading range established prior to the holiday break, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD/CAD is USD-bullish on a clear push above 1.4430“US/Canada terms spreads have stabilized and a dearth of domestic news—
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Recovering PMIs
In focus today In the afternoon, US November retail sales and industrial production are due for release. Leading soft indicators gave very conflicting signals in November, so the Fed will closely follow hard data releases for stronger conviction on the direction of the economy. In Germany, we receiv
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Moody's downgrades France and Slovakia amid fiscal and political challenges
Markets German and EMU yields on Friday initially only showed minor gains, but finally extended the rebound that gradually developed earlier last week. US yields added 5.4 bps (2-y) to 6.9 bps (10-y). There were no important US data, but markets apparently are pondering whether recent solid US activ
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Bitcoin BTCUSD gained 50% from our buying zone – here's how we did it
In this article we’re going to take a quick look at the Elliott Wave charts of Bitcoin BTCUSD published in members area of the website. As our members know BTCUSD is showing impulsive bullish sequences in the cycle from the 52598 low , that are calling for a further strength. Recently we got a
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GBP/USD: Expected to trade in a sideways range of 1.2720/1.2785 – UOB Group
Pound Sterling (GBP) is expected to trade in a sideways range of 1.2720/1.2785. In the longer run, momentum is beginning to slow; GBP has to break and hold above 1.2810, or the chance of a rise to 1.2850 will diminish quickly, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note. Momentum is b
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EUR/USD Price Forecast: Bearish outlook remains in play near 1.0550, eyes on ECB rate decision
EUR/USD gains ground to near 1.0560 in Tuesday’s early European session. The negative view of the pair prevails below the 100-day EMA with a bearish RSI indicator. The first downside target to watch is 1.0480; the immediate resistance level emerges at 1.0623. The EUR/USD pair trades in positive terr
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