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img-2 Forex Today: BoJ’s Asada Urges Caution on Rate Hikes; USD/JPY Nears 160 crown Japanese Wholesale Inflation Exceeds Forecasts at 7.1%; USD/JPY Approaches Intervention-Sensitive Level; US Dollar Index Reaches 19-Month High, Led by EUR/USD; Gold Slips Below $4,000; Technology Shares Under Renewed Pressure
The surprising inflation data caused financial houses to react fast and the EUR/USD was put under immediate pressure. This occurred because fear of another Federal Funds Rate hike in December was essentially confirmed within the mindsets of analysts’ outlooks.
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Gold Faces Renewed Pressure as Dollar Strength Tests Support

The stumble in this precious metal the past two and a half days correlates to broad market action via stronger USD centric trading in Forex.
img-4 Bitcoin Price Drops to $72K As Rising Inflation Sparks Rate Hike Fears King Crypto is facing renewed macroeconomic pressure after hotter-than-expected US inflation data strengthened expectations that the Federal Reserve could raise interest rates in December.
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USD/CAD Price Forecast: Canadian Dollar Weakness Fuels Recovery

USD/CAD extended its recovery as stronger US employment figures, weaker Canadian economic data and declining oil prices weighed on the loonie.
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Free Forex Trading Signals & Analysis Get the latest Forex news and analysis

At DailyForex, we’re out to prove that free Forex signals can be just as trustworthy as expensive signal subscriptions. Our reliable Forex signals will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny.

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News by our Chief Analyst

Adam Lemon

Adam joined Daily Forex as Chief Analyst in 2013, with over a decade of experience in the global financial markets, including six years as an Assistant Vice President at Merrill Lynch

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