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GBP/USD seesaws 30-pip around 1.2200 on better-than-expected Q2 UK GDP GBP/USD initially spiked up before retreating on the UK data-dump. UK Q2 GDP contracted 0.1%, monthly statistics remained fairly mixed for June. US dollar weakness initially helped cable bulls but Fed’s resistance to welcome inflation probed upside momentum. First impressions of the US Michigan Consumer …

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EUR/USD still faces resistance around 1.0400 – UOB In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, EUR/USD is expected to meet a decent hurlde around the 1.0400 region in the next weeks. Key Quotes 24-hour view: “We expected EUR to ‘trade sideways between 1.0260 and 1.0350’ yesterday. …

EUR/USD still faces resistance around 1.0400 – UOB Read More »

Rupee falls 9 paise to 79.71 against US dollar in early trade At the interbank foreign exchange, the rupee opened at 79.67 against the US dollar and lost further ground to 79.71, registering a decline of 9 paise over the last close.The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade …

Rupee falls 9 paise to 79.71 against US dollar in early trade Read More »

Rupee Weakens, Bearing The Brunt Of Markets Rethink On Fed, Dollar The rupee weakened for the second day in a row ahead of key domestic retail inflation data and as the dollar regained its strength after markets repriced Federal Reserve action. PTI reported that the Indian currency fell 9 paise to 79.71 per dollar, and …

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AUD/USD: 200 DMA remains a tough nut to crack amid cautious mood AUD/USD fails to capitalize on the early upside amid a souring mood. Falling Treasury yields cap USD recovery, offering aussie some support. Acceptance above 200 DMA is critical for AUD bulls after recent gains. AUD/USD is defending minor bids just above 0.7100, helped …

AUD/USD: 200 DMA remains a tough nut to crack amid cautious mood Read More »

Crypto Price Today: Bitcoin hovers near $24,000; BNB, Polkadot, Uniswap drop up to 2% After a strong rally on Thursday, the crypto market saw some profit booking on Friday. Bitcoin breathed below $24,000, whereas Ethereum held at the $1,900 mark ahead of its much-awaited merge buzz. The crypto industry’s latest indignities included a report that …

Crypto Price Today: Bitcoin hovers near $24,000; BNB, Polkadot, Uniswap drop up to 2% Read More »

EUR/USD struggles near 1.0300 as dollar recovers ahead of US data EUR/USD is back in the red as the US dollar extends the overnight recovery. US Treasury yields hold near multi-week top amid hawkish Fed commentary. US Preliminary UoM Consumer Sentiment data eyed for fresh Fed rate hike pricing. EUR/USD is trading close to the …

EUR/USD struggles near 1.0300 as dollar recovers ahead of US data Read More »

TA: Bitcoin Price Tops Near $25K, Why Dips Might Be Limited Bitcoin traded close to $25,000 before it corrected lower against the US Dollar. BTC must stay above the $23,500 support to start another increase. Bitcoin started a fresh increase above the $24,000 resistance zone. The price is now trading above the $23,600 level and …

TA: Bitcoin Price Tops Near $25K, Why Dips Might Be Limited Read More »

Gold prices set for fourth weekly gain; Spot gold reaches $1,787.57 per ounce Gold prices were flat on Friday, weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. FUNDAMENTALS * Spot gold was …

Gold prices set for fourth weekly gain; Spot gold reaches $1,787.57 per ounce Read More »

Crypto Market Recovery Sees $BTC Trading Into $BUSD Explode: Report The cryptocurrency market’s recovery in July, which has seen the price of Bitcoin ($BTC) rise 18.4% and of Ethereum ($ETH) rise 64.7% respectively, has seen trading volume for the flagship cryptocurrency against BinanceUSD ($BUSD) explode upwards. According to CryptoCompare’s July 2022 Exchange Review, the average …

Crypto Market Recovery Sees $BTC Trading Into $BUSD Explode: Report Read More »