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Since the interest rate decision meeting, GBP/USD has been on the rise, with the first significant resistance point appearing to be at 1.2560.
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Gold bounced back from the support level of 2330 after last week's correction due to persisting geopolitical risks, awaited inflation data, and central banks' gold purchases.
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Despite the yen's decline, the currency pair has shown minimal response to the producer inflation data, which remained unchanged from last year.
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While the market remains focused on economic data from the US that will provide significant clues about the Fed's interest rate cut trajectory, the short-term upward channel movement in the EUR/USD pair continues.
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The dollar index stabilized near 105.3 on Tuesday as investors prepared for significant US inflation data releases that could impact interest rate projections.
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During a relatively uneventful week in the cryptocurrency market, most digital currencies saw a downward trajectory as Bitcoin and other major coins and tokens struggled to make notable gains.
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On Monday, WTI crude futures surpassed the $78.5 per barrel mark as oil traders eagerly awaited insights from OPEC regarding global balances.
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On Monday, US stock futures saw a slight uptick, with the S&P 500 increasing by 0.1%, the Dow Jones climbing around 30 points, and the Nasdaq rising by 0.3%
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After initially facing selling pressure following the interest rate decision, the pound managed to recover later on.
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