FX

What you need to know on Monday, May 17: The greenback fell on Friday, following worse-than-expected US data. Retail Sales showed no growth in April, down from 10.7% in the previous month, while the core reading fell 1.5%. Also, the preliminary estimate of the Michigan Consumer Sentiment Index resulted in 82.8 in May, down from
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GBP/USD Forecast: Virus variant concerns and the American shopper may push cable below 1.40 GBP/USD has been attempting recovery as markets swing back to positive ground.  The danger from variants to Britain’s reopening and US consumption data could push the pair lower. Friday’s four-hour chart is showing that 1.40 is a critical separator of ranges.
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Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he is worried about excesses and imbalances in the economy and the housing market, as reported by Reuters. Additional takeaways “It’s going to take a while to resolve supply-demand imbalances in labor market.” “Watching carefully if supply-demand imbalances feed into higher inflation.” “Committed to anchoring inflation
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Silver prices have been dented on US dollar strength. Bears looking for downside extension from resistances. XAG/USD is trading down nearly 2% on the day after falling from a high of $27.69 to a low of $27.01. The US dollar is back on form with US Treasury yields that climbed on Wednesday. The DXY index is
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NZD/USD extends bounce off intraday low, stays pressure for the second consecutive day. China CPI lagged behind upbeat expectations but PPI jumped to the highest since October 2017. Market sentiment dwindles amid reflation fears, stimulus hopes and a light macro feed. NZD/USD trims intraday losses to 0.21% while picking up bids around 0.7265 during early
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NZD/USD bulls catch a breather around the intraday top. China data, risk-on mood favor buyers to confirm the bullish chart pattern. Pre-NFP trading lulls battles sustained trading above 200-SMA to confuse traders. Having recently jumped to 0.7244, NZD/USD eases to 0.7238 while flirting with the neckline of a short-term head-and-shoulders bullish pattern during early Friday.
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Gold has broken above the $1,800 mark, hitting the highest levels since February. The Confluence Detector is showing that XAU/USD has very few barriers through $1,850. Update: Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence Detector It has finally happened – Gold has staged a convincing break above the $1,800, hitting
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