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Page 6 - கோர் நுகர்வோர் ப்ரைஸ் குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

GBP/USD erases daily losses, steadies around 1 3940 amid renewed USD weakness

4/21/2021 4:33:53 PM GMT | By Eren Sengezer GBP/USD reversed its direction after falling below 1.3900. US Dollar Index fell into the negative territory below 91.20. Wall Street s main indexes gain traction following two-day drop. The GBP/USD pair dropped to a daily low of 1.3886 but managed to pare its losses in the second half of the day. As of writing, the pair was unchanged on a daily basis at 1.3936. Earlier in the day, the data published by the UK s Office for National Statistics revealed that annual inflation, as measured by the Core Consumer Price Index, rose to 1.1% in March from 0.9% in February. This reading matched analysts estimates and failed to trigger a noticeable market reaction. 

GBP/USD Weekly Forecast: Sterling s recovery hinges on top-tier UK data, further Fed speculation

Following GBP/USD Weekly Forecast: Sterling s recovery hinges on top-tier UK data, further Fed speculationANALYSIS | 4/16/2021 3:20:39 PM GMT GBP/USD has managed to edge higher amid the UK reopening and dollar weakness.  UK jobs, inflation and other figures are set to rock the pound.  Mid-April s daily chart is painting a mixed technical picture for the currency pair. The FX Poll is pointing to a bearish move in the short term and a bullish turn afterward. Brits are back to the pubs after 97 dry days, and this great British reopening has been one of cable s boosters, alongside inflation-related dollar weakness. Apart from covid news, GBP/USD is set to rock in response to a series of top-tier UK data points. 

Gold Weekly Forecast: XAU/USD could target $1,800 if US T-bond yields push lower

Following Gold Weekly Forecast: XAU/USD could target $1,800 if US T-bond yields push lowerANALYSIS | 4/16/2021 4:47:50 PM GMT Gold registered its largest weekly gain of 2021. XAU/USD could target $1,800 with a daily close above $1,785. Gold continues to react to movements in US Treasury bond yields. The XAU/USD pair spent the first half of the day in a relatively tight range below $1,750 but rose sharply on Thursday amid a steep decline witnessed in the US Treasury bond yields. Gold managed to preserve its bullish momentum ahead of the weekend and advanced to its highest level since late February at $1,783 on Friday. On a weekly basis, the precious metal posted its largest percentage gain since December, nearly 2%.

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