Articles written by Valeria Bednarik - Benzinga

EUR/USD Trades Near 1.1600 but Could Soon Resume Its Decline

EUR/USD Current price: 1.1587 EU Sentix Investor Confidence improved from 16.9 to 18.3 in November, missing expectations. Top US Federal Reserve officials set to leave their positions in early 2022. EUR/USD trades near 1.1600 but could soon resume its decline.

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AUD/USD Grinds North, Could Extend Gains Towards Its Recent High at 0.7555

AUD/USD Current Price: 0.7423 China posted a record surplus of $42 billion with the US in October. Australia will October NAB’s Business Confidence, previously at 13, and NAB’s Business Conditions. AUD/USD grinds north, could extend gains towards its recent high at 0.7555.

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AUD/USD is Technically Bearish and There Are No Signs of Bearish Exhaustion

AUD/USD Current Price: 0.7400 The greenback resumed its advance after major pairs failed at critical levels. The Australian Trade Balance posted a surplus of A$12.24 billion in September. AUD/USD is technically bearish and there are no signs of bearish exhaustion.

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EUR/USD is Trading Around 1.1550, Bearish in the Near Term

EUR/USD Current price: 1.1555 Tepid European data and broad dollar’s demand sent EUR/USD towards its year low. US Treasury yields retreated amid central bankers disregarding inflationary pressures. EUR/USD is trading around 1.1550, bearish in the near term.

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AUD/USD Forecast: Modest Recovery Post-Fed

AUD/USD Current Price: 0.7451 Mixed Australian macroeconomic data maintained the aussie under pressure. A dovish US Federal Reserve put a cap on the greenback’s rally. AUD/USD is still at risk of falling in the near term, eyes on 0.7400.

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EUR/USD Forecast: Bears Hold the Grip Despite Powell's Conservative Tone

EUR/USD Current price: 1.1599 US Federal Reserve announced tapering as expected, remained cautious. US macroeconomic data came in much better than expected, maintaining the greenback afloat. EUR/USD is still in a bearish path and could break lower towards fresh 2021 lows.

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AUD/USD at Risk of Losing the 0.7400 Price Zone and Approaching 0.7330

AUD/USD Current Price: 0.7430 The RBA dropped the yield curve-control, but repeated rates will remain low for long. The US Federal Reserve will kick-start tapering its massive pandemic financial support program. AUD/USD at risk of losing the 0.7400 price zone and approaching 0.7330.

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EUR/USD Has Slid Below the 1.1600 Level, Could Extend Its Slide to Fresh Yearly Lows

EUR/USD Current price: 1.1584 The US Federal Reserve is expected to reduce financial support by at least $15 billion per month. European manufacturing output was downwardly revised in October, bottlenecks are still an issue.

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AUD/USD is Technically Poised to Break Higher and Challenge the 0.7600 Price Zone

AUD/USD Current Price: 0.7517 The Reserve Bank of Australia will likely drop its yield curve control. Dismal Chinese data prevented the pair from rallying at the beginning of the day. AUD/USD is technically poised to break higher and challenge the 0.7600 price zone.

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EUR/USD Has Lost Its Bearish Strength in The Near Term, but There's a Long Way Up

EUR/USD Current price: 1.1604 Market participants are mildly optimistic ahead of critical first-tier events. US ISM Manufacturing PMI contracted by less than anticipated in October, held above 60. EUR/USD has lost its bearish strength in the near term, but there’s a long way up.

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AUD/USD Trades at Fresh Multi-Month Highs and Is Likely to Extend Its Advance

AUD/USD Current Price: 0.7536 Australian Retail Sales are expected to have recovered after plummeting in August. US growth decelerated in the third quarter of the year, missing expectations. AUD/USD trades at fresh multi-month highs and is likely to extend its advance.

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EUR/USD Bullish Potential Increased After Breaking Above the 1.1670 Level

EUR/USD Current price: 1.1681 Inflation in the Union is more problematic than policymakers would like to acknowledge. US Gross Domestic Product was up by 2% in the third quarter, missing the market’s expectations. EUR/USD bullish potential increased after breaking above the 1.1670 level.

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EUR/USD Keeps Consolidating Around the 1.1600 Figure Ahead of First-Tier Events

EUR/USD Current price: 1.1608 The European Central Bank is expected to pave the way for a tighter monetary policy. US Q3 Gross Domestic Product is foreseen at 2.7%, sharply down from the previous 6.7%. EUR/USD keeps consolidating around the 1.1600 figure ahead of first-tier events.

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AUD/USD Forecast: Bullish Near October High

AUD/USD Current Price: 0.7523 Australian inflation unexpectedly surged at its fastest pace since 2015 in Q3. Equities fell amid speculation central banks will accelerate tapering before year-end. AUD/USD is poised to extend its rally beyond the 0.7550 price zone.

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AUD/USD Bounced From a Fibonacci Support Level and Could Reach Fresh Monthly Highs

AUD/USD Current Price: 0.7496 Firmer gold prices and the positive tone of equities underpinned AUD/USD. Australia will publish next Wednesday Q3 inflation data. AUD/USD bounced from a Fibonacci support level and could reach fresh monthly highs.

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EUR/USD is at Risk of Falling Further and Retesting the Year Low at 1.1523

EUR/USD Current price: 1.1612 German October IFO Survey showed an unexpected contraction in the Business Climate. US Treasury yields edged marginally lower at the end of the day. EUR/USD is at risk of falling further and retesting the year low at 1.1523.

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AUD/USD Retreated Sharply From a Fresh Three-Month High, Could Fall to 0.7400

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7465 Australian Q3 NAB’s Business Confidence unexpectedly contracted to -1 from 17 in Q2.

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EUR/USD Approaches a Fibonacci Support, May Soon Retest the Year Low

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. EUR/USD Current price: 1.1624 Mixed US data fueled the ruling dismal market’s mood, the dollar edged higher.

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EUR/USD is Technically Bullish But Still Needs to Clear the 1.1670 Resistance Level

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. EUR/USD Current price: 1.1654 ECB´s Francois Villeroy repeated that current inflation spikes are expected to be temporary.

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AUD/USD is Bullish, Although Extreme Technical Readings Suggest a Corrective Decline

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7523 Rallying equities and firmer gold prices sent AUD/USD to fresh three-month highs.

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