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EUR/USD pair loses momentum at 1.1710 after rejection at 1.1740

EUR/USD faces pressure as revised Eurozone Services PMI and German HICP data loom. With technical indicators showing hesitation and upcoming US labor reports, traders are advised to adopt cautious strategies. – vtmarketsmy.com

NZD/USD drops below 0.5800 as caution sets in after failing to hold gains

The NZD/USD dips below 0.5800 amid cautious sentiment, with traders awaiting key US employment data that could shift the US Dollar’s direction. Volatility strategies may offer potential gains. – vtmarketsmy.com

In uncertain markets, the Australian dollar hovers around 0.6715 after retreating from 0.6740.

The AUD/USD dropped to 0.6715 as the US Dollar gained strength. Key economic data and divergent central bank policies suggest a potential rally for the Aussie, making trading opportunities enticing. – vtmarketsmy.com

Consumer confidence in Mexico rises to 44.8 in December, up from 44

Mexico’s consumer confidence rose to 44.8, signaling a positive economic trend. With foreign investments growing and cautious monetary policy, the Mexican Peso shows potential stability ahead. – vtmarketsmy.com

In December, consumer confidence in Mexico increased from 44.2 to 44.7

Mexico’s consumer confidence rose slightly, hinting at stability amid mixed economic signals. Market caution persists as key US labor reports approach, influencing strategies in forex and cryptocurrencies. Stay prepared! – vtmarketsmy.com

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