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<p>The euro has started to pull back against the US dollar after bulls failed to move past the technically important 1.0850 resistance area. EURUSD buyers and sellers are now likely to battle for short-term control of the pair around the 1.0800 support level. Looking at the medium-term picture daily price closes below the 1.0770 level [&helli

<p>Litecoin has once again started to turn lower after the seventh-largest cryptocurrency found strong resistance from the $45.00 level. A bearish head and shoulders pattern on the lower time frames still remains valid while price trades below the $47.00 resistance. Traders may turn bearish towards the LTCUSD pair in the short-term if price s

<p>Market movers today In Sweden, our Swedish economists stick to the non-consensus call that the Riksbank will cut the repo rate by 25bp to minus 0.25%. The market is pricing a 35% probability of that happening. Recent labour market and NIER confidence data showed that the Riksbank’s February forecasts are obsolete – the world ha

<p>For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0830. In the US, the Dallas Fed manufacturing business index dropped to -73.7 in April, compared to a level of -70.0 in the prior month. In the Asian session, at GMT0300, the pair is trading at 1.0827, with […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.63% against the JPY and closed at 107.25. In the Asian session, at GMT0300, the pair is trading at 107.29, with the USD trading marginally higher against the JPY from yesterday’s close. Overnight data showed that Japan’s unemployment rate rose to 2.5% in March, in […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 6.45% against the USD and closed at 0.6459. LME Copper prices declined 0.9% or $47.5/MT to $5165.5/MT. Aluminium prices marginally fell to $1472.5/MT. In the Asian session, at GMT0300, the pair is trading at 0.6437, with the AUD trading 0.34% lower against the USD from […]

<p>For the 24 hours to 23:00 GMT, Gold declined 0.95% against the USD and closed at USD1724.30 per ounce, as plans to ease lockdown restrictions by many countries reduced demand for the precious yellow metal. In the Asian session, at GMT0300, the pair is trading at 1717.20, with gold trading 0.41% lower against the USD […]

<p>For the 24 hours to 23:00 GMT, Silver declined 1.12% against the USD and closed at USD15.40 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.27, with silver trading 0.84% lower against the USD from yesterday’s close. The pair is expected to find support at […]

<p>For the 24 hours to 23:00 GMT, Crude Oil declined 18.33% against the USD and closed at USD12.83 per barrel, amid rising concerns about limited storage capacity for crude worldwide. In the Asian session, at GMT0300, the pair is trading at 10.78, with oil trading 15.98% lower against the USD from yesterday’s close. The pair […]

<p>Spot gold lost 0.9% on day to $1,714 on Monday and dipped further to $1,704 during Asian trading hours today. According to Johns Hopkins University, U.S. confirmed coronavirus cases rose 2.3% yesterday, the smallest increase in April, while U.K. and Italy also showed slower pace of spread. Global central banks have introduced a series of [