Also fatal from a technical point of view, the previous trend line which connected the lows of 2011-2013-2014. Just enough time to approach 0.82 to attend a shower of sales confirming that the market right now is not ready to provide the necessary support to Aud to deny the bearish break of early 2015. The next target is still open: 0.718 or the 61.8% of retracement of the entire bull market started in 2000.
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GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
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Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.