Investors now focused on Fedspeak?

Image Credit: Google 19/07/2024

The EUR/USD gave up some of its gains and settled around 1.0900 as selling pressure resumed.

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GBP/USD gave up its recent highs and fell back into the region below 1.3000.

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Higher USA yields prompted USD/JPY to make some upward moves and cross the 157.00 mark.

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The AUD/USD then fell for the fourth consecutive session on persistent demand concerns from China.

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WTI prices edged higher amid demand concerns, a slowing USA economy and prospects of interest rate cuts by the Fed.

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Gold prices continued to fall after hitting a record high of $2,490 an ounce on Wednesday, 17 July.

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Silver also continued its losses from Wednesday, July 17, and was seen trading below the crucial $30.00/ounce level.

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France issues warning list of 50 forex and crypto firms

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