Spot gold is holding near 10-month low and within a narrow range, as traders await release of US inflation figures for June for fresh signals. The yellow metal is in a steep downtrend from 2022 peak at $2070, posted in March, despite soaring inflation, as recent swift rate hikes made the greenback more attractive instead […]
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Daily Pivots: (S1) 1.3645; (P) 1.3665; (R1) 1.3694; More… Intraday bias in USD/CAD stays on the downside as decline from 1.4791 is in progress. . Next target is 61.8% projection of 1.4414 to 1.3749 from Read more…
There was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial Read more…
Key Highlights USD/JPY started a fresh decline below the 144.00 level. A connecting bullish trend line is forming with support at 143.40 on the 4-hour chart. EUR/USD is now gaining pace and might clear the Read more…