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EUR/USD licks its wounds below 1.0820 key hurdle
EUR/USD licks its wounds around 1.0790 after a two-day pullback from the highest levels since April 2022. Even so, the major currency pair defends the previous day’s break of the 21-day Exponential Moving Average (EMA) and an upward-sloping support line from early November 2022.
Gold exposes to $1,850 as yields strengthen amid hawkish Fed bets
Gold price (XAU/USD) has resumed its downside journey after a short-lived pullback to near $1,870.00 in the Asian session. The precious metal is exposed to the critical support of $1,850.00 amid a sheer decline in US government bonds. The 10-year US Treasury yields have escalated their recovery to near 3.57%.
Week Ahead – RBA next to hike
After the past week’s central bank bonanza, things will quieten down in the coming days, although not completely, as the Reserve Bank of Australia will keep the rate hike theme running.