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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD, USD/JPY To Drive FX Markets in US CPI Week

USD, USD/JPY To Drive FX Markets in US CPI Week

The Friday NFP report was not good as the US showed a contraction in jobs, and initially, this jolted a move of weakness in USD/JPY. But, like I had said in the prior week, on the heels of the intervention-fueled sell-off in both USD and USD/JPY, support around 155.00 could be a more attractive concept as it was unlikely that intervention would hit there.

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USDJPY USD/JPY
Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Gold outlook: XAU/USD enters key resistance zone ahead of CPI

Gold outlook: XAU/USD enters key resistance zone ahead of CPI

Gold prices we have been contained for much of the session so far today after a sharp rebound last week, climbing almost 7.5% after spending several weeks moving sideways around the $4,000 level. The strength of the move has put the precious metal firmly back on traders' radar, but the key issue now is whether this breakout can develop into a more sustained uptrend or whether it ultimately proves to be another sharp rally within a broader consolidation phase.

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XAUUSD XAU/USD
Source: Forexcom
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