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img-2 Gold Faces Renewed Pressure as Dollar Strength Tests Support The stumble in this precious metal the past two and a half days correlates to broad market action via stronger USD centric trading in Forex.
Japanese Wholesale Inflation Exceeds Forecasts at 7.1%; USD/JPY Approaches Intervention-Sensitive Level; US Dollar Index Reaches 19-Month High, Led by EUR/USD; Gold Slips Below $4,000; Technology Shares Under Renewed Pressure
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Cardano Approaches $0.17 as Selling Pressure Persists After Monthly Losses

The decline has deepened. Cardano is down around 26% over the past month, and roughly 12% in just the past week, which is a pace that has accelerated rather than eased.
img-4 EUR/USD Faces Renewed Pressure as US Inflation Reinforces Rate Expectations The surprising inflation data caused financial houses to react fast and the EUR/USD was put under immediate pressure. This occurred because fear of another Federal Funds Rate hike in December was essentially confirmed within the mindsets of analysts’ outlooks.
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Bitcoin Price Drops to $72K As Rising Inflation Sparks Rate Hike Fears

King Crypto is facing renewed macroeconomic pressure after hotter-than-expected US inflation data strengthened expectations that the Federal Reserve could raise interest rates in December.
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Free Forex Trading Signals & Analysis Get the latest Forex news and analysis

At DailyForex, we’re out to prove that free Forex signals can be just as trustworthy as expensive signal subscriptions. Our reliable Forex signals will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny.

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News by our Chief Analyst

Adam Lemon

Adam joined Daily Forex as Chief Analyst in 2013, with over a decade of experience in the global financial markets, including six years as an Assistant Vice President at Merrill Lynch

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