owe AUD/USD has experienced volatile price swings today, with the upside move testing a key swing area between 0.6287 and 0.6301—a zone where price highs have repeatedly stalled on Wednesday, Thursday, and Friday. A sustained break above this level is needed to strengthen the bullish bias. Conversely, if the pair remains below, focus shifts to
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volatility after Donald Trump’s election in November. The RBI’s latest stock of gold amounted to 876.18 tonnes as of end December 2024 valued at $66.2 billion, up from 803.58 tonnes valued at $48.3 billion in the same period a year ago, implying a purchase of 72.6 tonnes in the calendar year. Incremental additions totaled 18
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According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate
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Dollar edged higher in early US session following the non-farm payrolls (NFP) report, but the overall momentum remains lackluster. Stock futures are flat, while 10-year Treasury yield is staging a slight recovery, suggesting a measured market response as traders hold back from aggressive positioning ahead of next week’s key economic events including US CPI and
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The European Central Bank will publish its staff revision on the neutral rate today, ING’s FX analysts Francesco Pesole notes. EUR/USD to retest the 1.044 Wednesday highs “President Christine Lagarde said last week that r-star is ‘a range that does not give a guideline or a destination’ and Olli Rehn added yesterday that ‘we should
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Technical analysis is filled with numbers, patterns, and sequences that traders rely on for identifying trends, reversals, and breakouts. But among these, one number stands out repeatedly: 20. From moving averages to Donchian Channels, Bollinger Bands, and even the way market participants perceive support and resistance, the number 20 plays a crucial role in price
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Data due on Sunday at 0130 GMT, which is 2030 US Eastern time on Saturday is expected to show Chinese inflation (CPI) barely stumbling along above deflationary territory: Deflation—when prices decline over time—can be harmful to an economy for several reasons: Delayed Spending and Investment – Consumers and businesses may postpone purchases and investments, expecting
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