Due to the upside breakout of the supply trend line and the upside momentum, I see potential for the further rally..
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AUD/USD holds below 0.6150 on bullish US Dollar, stronger US NFP report
The AUD/USD pair remains on the defensive around 0.6145 during the early Asian session on Monday. The US job growth came in stronger than expected in December, supporting the US Dollar broadly.
USD/JPY ticks higher amid BoJ uncertainty, hawkish Fed expectations
USD/JPY kicks off the new week on a positive note and remains close to a multi-month top touched on Friday amid doubts over the BoJ's rate-hike plans. Meanwhile, the strong US jobs data reinforced expectations that the Fed will pause its rate-cutting cycle, which remains supportive of elevated US Treasury bond yields.
Gold loses ground below $2,700 amid firmer US Dollar
Gold price trades with mild losses near $2,690 on the stronger US Dollar broadly during the early Asian session on Monday. However, the safe-haven demand due to uncertainty surrounding the President-elect Donald Trump administration's policies might help limit the Gold’s losses.
Week ahead: US CPI and China GDP in focus, UK data eyed too as Pound skids
US inflation report to take centre stage as Dollar remains well bid. China’s economic policies to come under scrutiny as Q4 GDP on tap. UK CPI and GDP figures to be watched as Pound’s pain worsens.
Think ahead: Mixed inflation data
Core CPI data from the US next week could ease concerns about prolonged elevated inflation while in Central and Eastern Europe, inflation readings look set to remain high.
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