Technical Analysis
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XAU/USD – Gold price retakes $3,300 amid a broadly weaker USD
Gold price scales higher for the third straight day amid sustained USD selling bias. US fiscal concerns and Fed rate…
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GBP/USD Rises toward highs since February 2022 near 1.3450
GBP/USD faces an immediate barrier at 1.3445, the highest level since February 2022. The 14-day Relative Strength Index (RSI) rises…
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Where Are Cocoa Prices Heading?
Before 2024, the all-time peak in ICE cocoa futures was $5,104 per ton in 1977. Last year, they blew through…
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NATGAS Surges Over 5% Reversing Yesterdays Decline
Henry Hub natural gas futures (NATGAS) are rising over 5% today, reversing yesterday’s sell-off. It’s difficult to pinpoint a single driver…
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Trade of The Day – Russell 2000
Facts: US2000 is trading in the 65-point zone of the RSI indicator of the last 14 sessions The contract based…
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Chart of The Day – AUD/USD
The Australian dollar weakened against the US dollar, with AUD/USD falling 0.5% to 0.6428 after the Reserve Bank of Australia…
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EUR/USD Tests descending channel’s upper boundary near 1.1250
EUR/USD is testing the upper boundary of its descending channel near the 1.1250 level. Technical analysis suggests a bearish bias…
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JPY recovers modest Asian session losses amid hawkish BoJ expectations
The Japanese Yen reverses a major part of the modest Asian session downtick amid BoJ rate hike bets. Dovish Fed…
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Gold price seems vulnerable above $3,200 amid possible Russia-Ukraine ceasefire
Gold price drifts lower as trade optimism continues to undermine safe-haven demand. The XAU/USD pair struggles to lure buyers despite…
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USD/CAD Tests initial support near 1.3950, followed by nine-day EMA
USD/CAD may find initial resistance at its six-week high of 1.4016. The 14-day RSI remains slightly above 50, indicating continued…
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