FX

The South China Morning Post (SCMP) shares China’s 2021-25 raw material development plan while spotting negative news for the AUD/USD traders during early Friday morning in Asia. “China will encourage domestic exploration of iron ore and use more scrap metals to reduce reliance on imports from countries like Australia, while streamlining production quotas for rare earth and
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EUR/USD stays firmer around monthly top after crossing the key hurdle. Bullish MACD signals sustained trading beyond 21-DMA also favor buyers. 50-DMA, mid-November tops restrict short-term upside moves, 1.1235-30 appears tough nut to crack for bears. EUR/USD keeps the monthly resistance breakout around 1.1350 during the early hours of Thursday’s Asian session. The major currency
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Amid a slew of negative news concerning the COVID-19 variant linked to South Africa, Reuters shared a positive update from the global payment network Mastercard. “US retail sales rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by soaring e-commerce sales,” said the news. Mastercard’s SpendingPulse also mentioned, “US
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The greenback gains some ground against the aussie, amid closed US equity and money markets. Covid-19 positive news improved investors’ mood as the year-end looms. AUD/USD Price Forecast: Bulls prepare for a challenge of crucial resistance around 0.7280-0.7300. The AUD/USD slides during the late European trading session, down some 0.33% trading at 0.7224 at the
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