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The biggest loser today is sterling as cable is now down 0.8% to 1.2374. On the week itself, the pair is now down 0.3% as it erases the Monday gains and threatens back below the low last week. The April 2024 low near 1.2300 remains the critical support…

This is the story that looks to have accelerated the dollar gains in the past 5 minutes. More to come.. This article was written by Justin Low at www.forexlive.com.

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Fundamental Overview The USD got a boost yesterday from another set of hot data as the US Job Openings surprised to the upside and the prices paid index in the ISM Services PMI jumped to the highest level since 2023. The market’s pricing didn’t change much but traders…

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Prior +0.4% Looking at the details, the jump here largely owes to a spike in energy prices. If you strip that out, producer prices were only up 0.1% on the month. The breakdown shows a jump in energy prices by 5.4%, slightly offset by declines in prices for…

Prior -13.8 Economic confidence 93.7 vs 95.6 expected Prior 95.8; revised to 95.6 Industrial confidence -14.1 vs -11.7 expected Prior -11.1; revised to -11.4 Services confidence 5.9 vs 5.8 expected Prior 5.3 Slight delay in the release by the source. The drop in economic confidence sees it fall…

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Nasdaq 100 Futures (NQ) Technical Analysis – January 8, 2025 Current Price: 21,430 Key Levels to Watch for NQ Today Support Levels: 21,410: Yesterday’s Value Area Low (VAL) is providing support. A sustained drop below this level could open the door to: 21,360–21,350: Next support zone. 21,000–20,975: Extended…