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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, Gold

From forex.com

It was a strong week for the stock market as equities continued their incline from the week before, after the Fed sounded dovish and NFP printed below-expectations. The US Dollar has so far shown a gain on the week but it’s moderate and likely a symptom of the 105.00 support level that was in-play on Monday. The big focus for next week is the US CPI report set for release on Wednesday, and like NFP, Core CPI has been all meets or beats since the release in November and that’s brought question to the Fed’s rate cutting plans. The Fed has been persistent however, even considering positive economic data, and the Fed’s ... (full story)

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  • Category: Technical Analysis