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img-2 AUD/USD Tests Key Support as Dollar Strength Builds This currency pair continued its recent side in early trade on Friday, pressured by dollar strength driven by soaring Treasury yields and increasing bets of further interest rate hikes.
A rejection at a round number is common, but a rejection followed by a quick drop is more than hesitation. It shows sellers were waiting at the level and had enough force to push price well below it once the buying stalled.
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Gold Is Rising, So Why Does the Rally Still Look Fragile?

The important point is that gold has been able to rally despite elevated interest rates in the United States. Normally, that environment can work against gold, as higher yields raise the opportunity cost of holding an asset that does not offer income.
img-4 Market Caution Could Test Recent USD/BRL Stability This currency pair has experienced a rather tame trading range regarding price levels, but Tuesday’s close and yesterday’s gap upwards presents dynamics for speculators they might find appealing.
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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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EUR/USD Faces Pressure as US Yields Remain Elevated

The euro is finding the current environment increasingly uncomfortable against the US dollar. The issue is not simply that the dollar has been strong, but that the factors supporting it have shown little sign of fading.
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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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