Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …
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The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …
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The US Dollar weakened during the US trading session ahead of the key CPI data in the United States. On Wall Street, the Dow Jones gained 0.93% and the Nasdaq rose 0.55%. Gold rose to $1,940, while Silver finished flat around $23.10. Crude oil prices rose more than 2%.The improvement …
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The Bank of Canada is set to announce its Interest Rate Decision on Wednesday, July 12 at 14:00 GMT. The BoC is expected to hike rates by 25 basis points (bps) to 5.00%, contrary to its pause hints1. The decision will be published alongside a Monetary Policy Report, containing updated …
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A short-term decline to $27,330 is anticipated to follow the price consolidation of bitcoin. A sell signal for ethereum causes an initial slump, but bears aim for $1,767. The $0.433 and $0.413 steady support levels will likely be retested by the ripple price. The price of bitcoin is still fluctuating …
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On the day, WTI crude oil is up due to mood related to China. Intense resistance is being tested by WTI. The dynamic trendline support is being watched for bears, who are lurking. The largest oil and gas producer in China, China’s National Petroleum Corp. (CNPC), reduced its prediction for …
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The US Consumer Price Index statistics, the most significant indicator of inflation, will be released by the US Bureau of Labour Statistics on July 12 at 12:30 GMT. Here are the predictions made by the economists and analysts of 12 major banks regarding the impending United States inflation print for …
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Investors were optimistic that a slowdown in price increases would support an earlier than anticipated conclusion to the Federal Reserve’s programme of fast monetary tightening, which is why the Dow and S&P 500 increased on Tuesday ahead of inflation data. Consumer prices are anticipated to have decreased on an annual …
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Economists are busy analyzing gold price expectations ahead of the US Consumer Price Index (CPI) report. Gold prices are finding a footing with CPI data that is awaited on Wednesday, and on that note, markets do expect to witness a below consensus CPI print, which could help the precious metal …
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The USD/CAD pair is trading at 1.3266 at the time of writing. Canada’s dollar remains cautious ahead of the Bank of Canada’s (BoC) interest rate decision on Wednesday. Core inflation has fallen significantly in Canada, while it remains stubbornly high in the US, making USD/CAD bullish. The technical picture is …
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