Italy Industrial Orders n.s.a (YoY) increased to 7% in December from previous 5.3%


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AUD/USD consolidates above 0.78 amid upbeat mood, Aussie Q4 GDP beat

AUD/USD consolidates the surge above 0.7800, as the bulls remain unfazed by the dismal Chinese Caixin Services PMI. The aussie hit a three-day high following better-than-forecast Aussie Q4 GDP. Risk recovers as US President Biden propels vaccine hopes. 

AUD/USD News

Gold eyes $1755 as the next upside target

Gold (XAU/USD) is consolidating its solid recovery from multi-month troughs on Wednesday, as the upbeat market mood weighs on the traditional safe-haven. The vaccine optimism seems to have helped the risk-recovery.

Gold News

GBP/USD: Fades bounce off 21-day EMA ahead of UK budget

GBP/USD trims prior gains while declining, down 0.08% intraday, during Wednesday’s Asian session. In doing so, the quote fizzles Tuesday’s bounce off 21-day EMA amid the bearish MACD conditions. Sustained trading beyond key EMA, trend lines joins hopes of easy budget to favor bulls.

GBP/USD News

Ripple looks north as weekly chart shows bull cross

XRP/USD picks up bids near $0.4350 while trying to reverse the previous day’s losses during early Wednesday. In doing so, the altcoin also stays indecisive after the two consecutive weeks of losses. $0.2900 will be the tough nut to crack for sellers during further downside.

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US Dollar Index: Next on the upside comes in 91.60

DXY pushes higher and clinches new 4-week peaks near 91.40. This area is coincident with the 100-day SMA (91.29).

US Dollar Index News

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