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AUD/USD: Bulls challenge 0.6700 despite awful Chinese NBS PMIs

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AUD/USD is testing highs near 0.6700 despite the awful Chinese NBS Manufacturing and Services PMIs. The Aussie draws support from a broadly weaker US Dollar as investors assess the latest economic data from Australia and China ahead of the critical US events. 

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EUR/USD holds higher ground near 1.0350 ahead of EU inflation

EUR/USD holds higher ground near 1.0350 ahead of EU inflation

EUR/USD picks up bids to refresh intraday high near 1.0340 while snapping a three-day downtrend during early Wednesday. The major currency pair prints mild gains amid the upbeat signals from the options market and cautious mood ahead of crucial data events.

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Gold traders await the Federal Reserve Chair Jerome Powell

Gold traders await the Federal Reserve Chair Jerome Powell

Gold prices climbed on Tuesday even as the US Dollar and bond yields rose but were capped as traders get set for the Federal Reserve's chair, Jerome Powell, who will speak on Wednesday. China and the Coronavirus spread are keeping markets at bay. 

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Arguing the case for a Cardano price pullback to $0.35

Arguing the case for a Cardano price pullback to $0.35

Cardano price has produced four lower highs throughout the month, with three connected by a recently breached trendline. A hurdle above $0.322 could create an additional 12% upswing. A four-hour candlestick close below the $0.304 level would invalidate the bullish potential.

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Will the United States suffer a hard recession next year?

Will the United States suffer a hard recession next year?

Today we may hear whether the White House can fend off a railroad workers strike, something not getting much press but obviously a big political setback for a pro-union president. Congress may get involved. European countries are reporting inflation ahead of the eurozone composite tomorrow.

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