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In focus today In Denmark, October inflation data is due, with energy and food prices expected to drive up inflation to 1.7% y/y from 1.3% y/y in September. Similarly, Norway’s October inflation figures are released today. We forecast core inflation to have eased to 2.6% y/y, with a slight risk to the upside. We do […]

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08/12/2023

Australian Dollar on a Roller-Coaster, US NFP Looms

Australian dollar steady after sharp gains on Thursday US nonfarm payrolls expected to climb to 180,000 The Australian dollar is trading quietly on Friday. In the European session, AUD/USD is trading at 0.6611, up 0.14%. It has been a roller-coaster week for the Australian dollar. After declining 1.88% early in the week, the Aussie rebounded […]
14/03/2024

GBP/USD Eyes Fresh Increase, Gold Could Rally Further

Key Highlights GBP/USD started a decent increase above the 1.2800 resistance. A major bullish trend line is forming with support at 1.2790 on the 4-hour chart. Gold prices could accelerate further higher above the $2,180 resistance zone. Bitcoin price seems to be setting up for more upsides above $73,000. GBP/USD Technical Analysis The British Pound […]
28/11/2024

Ethereum Price Rises Above $3500

While traditional financial markets experience a lull due to Thanksgiving in the U.S., the bullish momentum in the cryptocurrency market continues to keep traders engaged. As seen on the ETH/USD chart: → Ethereum’s price has broken through the critical $3500 level, which acted as resistance during the summer (indicated by an arrow). → Additionally, the […]