Month: July 2021

USDJPY Price Pulls Back, Bearish Movement May Continue

USDJPY Price Analysis – July 14 In case bulls increase their pressure, USDJPY may increase towards the resistance level of $111 and if the daily candle close above it, it will increase the price to $113 resistance level. Should the bulls’ pressure fails at resistance level of $110, price...
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Dollar Edges Lower; Remains Elevated After Inflation Jump

The dollar edged lower in early European trade Wednesday, handing back some of the previous session’s sharp gains after a jump in U.S. inflation raised expectations of an early move by the Federal Reserve to tighten monetary policy. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks...
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Dollar Up, Boosted by Dovish Powell Comments, Investors Digest Chinese Data

The dollar was up on Thursday morning in Asia but started a retreat from recent peaks. Investors digested economic data from China showing a slowdown in GDP growth and the economic recovery from COVID-19 alongside further dovish comments from U.S. Federal Reserve Chairman Jerome Powell over The U.S. Dollar Index that...
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