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NZD/USD Trades Near Weekly Low Despite Looming US-China Trade Deal

NZD/USD trades near the weekly low (0.6600) even though the US and China appear to be on track to sign the Phase One trade deal, and exchange rate may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) falls back from overbought territory.


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AUD/USD clings to gains near session tops, around 0.6880 region

The AUD/USD pair added to upbeat Aussie macro data-led intraday gains and is currently placed near the top end of a three-day-old trading range, around the 0.6880 region.Having found some support near mid-0.6800s, the pair managed to catch some bids on the last trading day of the week following the release of better-than-expected Australian retail sales data for November.....



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EUR/USD 1-year implied volatility falls to a record low

The 1-year implied volatility falls to a record low of 5.42% and the trading range today epitomises the above sentiment rather perfectly. EUR/USD rests in just a 9 pips range today and the trading year ahead may see another snoozefest in terms of the overall range.


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Aussie, Kiwi shine as risk appetite returns; dollar firm

The greenback held firm against a broad basket of its rivals and is on track to post its best week in two months as the prospect of war in the Middle East ebbed as the United States and Iran backed away from further confrontation.



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Dollar Takes Drastic Plunges in the Light of U.S- China Trade War

There was some positive anticipation regarding the US and China getting into a “phase one” agreement deal earlier this month. This would have really loosened up a bit the adamant 16-month trade war between the countries....



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Gold is not a safe-haven, its portfolio insurance - LCG

Improving investor optimism as tensions ease between the U.S. and Iran is weighing on gold prices just a day after it hit a multi-year high. However, one market strategist said that investors should look past the short-term volatility in the precious metals market and focus on the big picture. In a telephone interview with Kitco News, Jasper Lawler, head of research at London Capital Group, said that while gold’s run in the new year has so far been impressive, investors should not be buying gold with a long-term view based on one geopolitical event....



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Mexico’s Mega Oil Hedge Cost “Around” $1 Billion

The largest oil hedge in the world cost Mexico “around $1 billion” for 2020, Mexico’s Finance Minister Arturo Herrera said on Thursday, according to Reuters. Herrera had said the cost of the hedge would be revealed on Thursday.



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