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Share: NZD/USD needs to clear the 0.62754 level to allow for a potential move to 0.6315 in the near term, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “We did not expect the strong rise in NZD to 0.6263 yesterday (we were expecting NZD to trade
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Share: GBP/USD has run up towards an area of potential resistance area on the daily chart as the following will illustrate. This gives rise to the prospects of a significant correction over the coming week. Read More… The GBP/USD broke above 1.2150, reaching the highest level since mid-February, boosted by a sharp decline of the US Dollar Index (DXY). A sharp drop
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The price of crude oil moved lower today the price settled at $74.80 I was down $1.88. Since then, the price has continued its downside momentum and currently trades at $74.40 cents down $-2.26. The low for the day reached earlier today extended to $72.30. The low price on February 6 reached $72.25 the low
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