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29.10.2021 Market Report


EUR/USD treads water around 1.1685, grinds higher heading into Friday’s European session.


GBP/USD remains firm during the Asian session on the last trading day of the week. The pair managed to gather momentum, following the previous session.


USD/JPY is keeping its recovery mode intact above 113.50 on these comments. The spot was last seen trading at 113.56, almost unchanged on the day.


AUD/USD bulls seem to have tired after a four-day uptrend to the fresh high since early July.


NZD/USD grinds higher following the pullback from weekly top.


USD/CAD remains indecisive around 1.2350 amid the initial European session on Friday. In doing so, the Loonie pair sellers take a breather amid mixed clues concerning oil, the US and Canada.


USD/CHF licks wounds after the previous session’s heavy sell-off in the early Asian trading hours.


CME Group’s advanced prints for crude oil futures markets noted traders added around 11.7K contracts and reversed five consecutive daily drops on Thursday. Volume, instead, extended the downtrend and shrank by more than 8K contracts.


Gold price hit the highest levels so far this week at $1810 in early American trading after wavering around $1800 almost throughout the first half of Thursday. In the view of analyst Dhwani Mehta, XAU/USD is set to maintain range play around $1800 ahead of US PCE inflation.

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