FX

Silver gained some positive traction and shot to a near three-week high on Tuesday. Strength beyond 100-period EMA on H4 supports prospects for additional gains. Bearish oscillators on the daily chart warrant some caution for aggressive traders. Silver regained positive traction on Tuesday and snapped two successive days of the losing streak. The momentum pushed
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GBP/USD Weekly Forecast: Bulls eye 1.3380 after BOE out-hawks Fed, Omicron empowers bears They say the Federal Reserve signals, the Bank of England acts. This week the “Old Lady” was the first to move among major central banks in raising borrowing costs, which boosted GBP/USD, outweighing Omicron’s fears. Looking ahead, the main factors impacting the
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USD/TRY blows past another record high, surges to the 17.00 neighbourhood on Friday. The recent CBRT rate cuts, soaring inflation continues to weigh heavily on Turkish lira. The Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session.
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EUR/USD holds onto biggest daily gains in a week around monthly high. Clear break of seven-week-old falling trend line, bullish MACD signals favor buyers. One-month-old horizontal area challenges further upside, ascending trend line from late November restricts short-term declines. Although 200-SMA probe EUR/USD bulls around a monthly peak, a clear break of the short-term key
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Despite the hawkish Fed, USD/CAD drops into the abyss.  Commodities turning around and FX follows the weaker US dollar.  Despite a seismic shift in the Federal Reserve’s dot plot and language with regards to inflation, the US dollar was unable to capitalise on the hawkish outcome. Instead, the greenback is worse off since the release
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