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XAG/USD up 0.24% on Friday, on track to end week over 3.5% higher.Price surged more than 6% since July 31 low at 50-day SMA of $36.20.Bullish harami pattern confirmed after breaching July 31 high of $37.26.Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to weekly highs of $38.50 as traders prepare for the weekend. Broad US Dollar weakness across the board and increasing bets that the Federal Reserve might reduce rates at the September meeting, supported the grey metal advance.XAG/USD trades with daily gains of 0.24%, set to…

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AUD/USD climbs for the fourth straight day, buoyed by a weaker US Dollar and rising expectations of a September Fed rate cut.Markets are fully pricing in a 25 basis point rate cut by the Reserve Bank of Australia (RBA) on August 12, which would bring the cash rate down to 3.60%.All major Australian banks including ANZ, CBA, NAB and Westpac expect further easing, with year-end rate forecasts around 3.35%.The Australian Dollar (AUD) is consolidating gains against the US Dollar (USD) on Friday, buoyed by weakness in the Greenback amid growing expectations that the Federal Reserve (Fed) will cut interest rates…

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EUR/USD trades at 1.1648, easing 0.14% but holding close to the 1.1700 mark.Reports suggest Trump–Putin meeting next week could lead to ceasefire in Eastern Europe.Euro’s upside capped by stronger USD and speculation over Waller’s potential nomination as next Fed Chair.The EUR/USD consolidates near the week’s highs, shy of testing the 1.1700 figure on a week in whichthe US Dollar is poised to finish the week with over 1.84% losses against its peers. The hangover of last week’s US Nonfarm Payroll figures, and subsequent worse-than-expected employment data, underpins the Euro, due to increasing chances that the Federal Reserve (Fed) will resume…

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