TheNews

US Dollar Index comes to life, finding support of the May 2022 swing low. More upside ahead?

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The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed on Tuesday.

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The weekly price is breaking 200 SMA to above for the primary bullish weekly reversal:
the price is breaking the resistance level at 0.7141 for the 0.7670 as the next target to re-enter.

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Economic conditions are improving in Europe ahead of the ECB meeting next week but motivation to ‘stay the course’ remains very strong. Blockbuster week ahead as high-importance risk events stack up (FOMC, BoE, ECB, EU CPI and GDP, NFP and more).

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Consumer prices in New Zealand were up 7.2 percent on year in the fourth quarter of 2022, Statistics New Zealand said on Wednesday.

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