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The AUD/USD currency pair exhibited a period of consolidation near the 0.6640 level, marking a weekly low, during the initial half of the trading day. This stability came amid a notable absence of significant economic data, although the US Dollar experienced a slight retreat, influenced by the strengthening of the Japanese Yen. The situation shifted dramatically...

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As I write this, the EUR/USD pair is trading with moderate gains near the 1.1042 level. Today, the market’s focus is squarely on the eagerly anticipated US Consumer Price Index (CPI) report. The outcome of this data release could have a significant impact on the next directional move for the pair. A key factor supporting the EUR/USD's current levels is the...

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As I write this, the GBP/USD pair has reversed course and is trading around 1.3081 during European hours, struggling to maintain its recent gains. The pound’s inability to hold above the key 1.3100 level follows the release of disappointing economic data from the UK, which has weighed heavily on Sterling ahead of the critical US Consumer Price Index (CPI)...

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The NZD/USD pair saw gains this week, driven by a positive shift in market sentiment following the release of the U.S. Consumer Price Index (CPI) data for August on Wednesday. The headline inflation figure dropped to a three-year low, easing concerns about persistently high inflation in the U.S. and increasing the likelihood of a 25-basis point rate cut by the...

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The AUD/USD pair is losing further ground, trading around 0.6745 during the early European session on Tuesday. The Australian Dollar is under pressure due to a widening Current Account deficit in the second quarter, which has dampened sentiment. This economic backdrop, coupled with a modest uptick in the US Dollar and a broader decline in risk appetite, is...

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The USD/ZAR currency pair has reached a significant demand area around the 17.72800 level, presenting a potential opportunity for a long position. This critical zone has caught the attention of traders and market analysts alike, especially those looking for a reversal setup based on market positioning data and technical indicators. COT Report Insights: A...

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As predicted last week, the USD/CAD pair has rebounded from a key demand area, in line with expectations. The latest Commitment of Traders (COT) report continues to highlight a bearish stance from retail traders, who are positioned at their most bearish levels since 2009. This sentiment contrasts with the recent price action, which suggests a potential recovery...

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As the market gears up for the release of key economic indicators such as the USD Core PPI m/m, PPI m/m, and Unemployment Claims, the USD has shown signs of recovery. This rebound began yesterday and has continued into today’s London session, where the USD/JPY pair is trading around 143.50 as I write this article. The pair’s recent movement follows a strong...

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The Pound Sterling has continued to underperform against the US Dollar, following a series of key economic events. Initially, on Friday, the USD experienced a brief weakening after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which pointed to weaker-than-expected economic signals. U.S. employment growth for August came in below...

FOREXN1 Updated 

The GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by...

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In line with our previous analysis, NZD/USD triggered our sell limit order last Friday, signaling a potential bearish move after the release of key U.S. economic data. Initially, the U.S. dollar weakened following the ADP Non-Farm Employment Change and Unemployment Claims reports, which delivered softer-than-expected results, raising concerns about the strength of...

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EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Expectations Last Friday, the EUR/USD pair attempted to recover some of its losses from the previous week, following an initial decline in the US Dollar. The greenback weakened after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which delivered less-than-encouraging economic...

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Last Friday, USD/CHF dropped to a daily low of 0.8375 before rebounding in Monday’s European session, with the current price around 0.84585 as I write this article. The initial decline in the US Dollar came after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which provided less-than-positive signals. However, the dollar regained...

FOREXN1 Updated 

After yesterday's pullback, the EUR/USD pair has formed a rejection candle on the daily chart after touching the 1.1112 mark. The pair's gains against the USD were quickly reversed, as surprisingly strong US ISM Services Purchasing Managers Index (PMI) data for August offered significant support to the US Dollar (USD). The US Dollar Index (DXY), which measures the...

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The USD has shown a strong and positive response to today's economic news, signaling potential for further gains. After a temporary pullback yesterday, the Dollar is now demonstrating resilience, looking ready to recover and continue its bullish movement. This performance aligns well with our previous market analysis, where we anticipated a potential surge in the...

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The NZD/USD pair saw a strong recovery from its intraday low of 0.6170 during Wednesday’s New York session. The New Zealand Dollar (NZD) regained some ground as the US Dollar (USD) struggled to maintain its upward momentum, having recently corrected from a fresh two-week high. Investors are now eagerly awaiting the release of the US Nonfarm Payrolls (NFP) report,...

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The GBP/USD pair has recently turned bearish after reaching a significant Supply area around 1.3228. This level, clearly visible on the weekly chart, has proven to be a formidable resistance, halting the pair's upward momentum and reversing its course. As of today, GBP/USD is trading around 1.3125, marking a notable decline from the previous highs. Weekly Chart...

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The EUR/USD pair rebounded following the release of the weaker-than-expected US JOLTS Job Openings data, prompting questions about whether this is a potential opportunity to enter short positions. After an initial rebound from the Supply area, the EUR/USD pair recovered some ground on Wednesday, likely driven by the US labor data. However, this recovery could...