FX

EUR/HUF rise faced an interim hurdle at 372.00 after breaking out from the year-long consolidation. Although the pair is staging an initial pullback, EUR/HUF is set to resume its advance towards the 375.00 level, economists at Société Générale report.  November low of 358.50 should be a near-term support “An initial pullback is under way, however,
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A risk-on market mood boosts risk-sensitive currencies like the British pound, the JPY falls. Traders’ mood turned negative when the US inflation crossed the wires, thought later improved. GBP/JPY Price Forecast: Has a neutral-bullish bias, though downside risks remain. The British pound pares some Thursday’s losses during the New York session gains 0.31%, trading at
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Gold stays indecisive despite keeping pullback from weekly top, bouncing off intraday low. Yields stay firmer even as Omicron fears recede, DXY snaps four-day uptrend. Risk catalysts will be focused ahead of Friday’s US CPI. Gold Price Forecast: Depressed amid a better market mood Gold (XAU/USD) consolidates intraday losses while bouncing off the daily low
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What you need to know on Tuesday, December 7: The dollar ends Monday mixed as speculative interest aims to digest the latest developments. On Friday, the US published the Nonfarm Payrolls report, which showed the country added just 210K new jobs in November, missing the market’s expectations, and putting at doubt further aggressive tapering in
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GBP/USD Weekly Forecast: Another dollar surge? US inflation could outweigh Omicron, UK GDP Time to retire “transitory” – these hawkish words by Federal Reserve Chair Jerome Powell when referring to inflation have served as the tiebreaker in favor of the dollar. Fears of the Omicron covid variant have been intermixed with hope that it isn’t
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