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EUR/USD slumps to 0.9850 area on relentless dollar strength

EUR/USD slumps to 0.9850 area on relentless dollar strength

EUR/USD came under renewed bearish pressure in the second half of the day and dropped to the 0.9850 area. The dollar rally picked up steam after the ADP employment report and the ISM Services PMI survey, weighing heavily on the pair. 

EUR/USD News

GBP/USD plunges to fresh daily low below 1.1300

GBP/USD plunges to fresh daily low below 1.1300

GBP/USD has extended its daily slide and dropped below 1.1300 in the second half of the day on Wednesday. The unabated dollar strength on the back of upbeat ISM Services PMI and ADP Employment Change data forces the pair to continue to stretch lower.

GBP/USD News

Gold bulls not ready to give up

Gold bulls not ready to give up

Spot gold gave up part of its weekly gains on Wednesday and dipped to $1,700.47 a troy ounce, quickly bouncing afterward towards the current $1,712 price zone. The American dollar made a nice comeback as the market sentiment deteriorated.

Gold News

XRP price looks for a firm footing to catalyze a 20% rally

XRP price looks for a firm footing to catalyze a 20% rally

XRP price has produced a key signal that reveals the underlying bullish intent. The only requirement now is sustenance from the big crypto or another leg-up.

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Visa (V) Stock Deep Dive Analysis: Hold Visa for the long term with a $175 price target

Visa (V) Stock Deep Dive Analysis: Hold Visa for the long term with a $175 price target

Welcome back to the deep dive series where this time we focus on Visa (V), the global payments company. Perhaps somewhat timely as consumers begin once again to turn to credit in the face of a pending recession and inflation.

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