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EUR/USD Price Forecast Update – December 19, 2024
The EUR/USD is showing increased bullish momentum, testing the $1.0400 level. However, it is anticipated that the price will soon encounter negative pressure, which...
CHFJPY Continues to Test Key Resistance Level – Forecast for December 17, 2024
The CHFJPY currency pair has maintained its upward momentum, benefiting from positive signals from the stochastic oscillator. The pair is now pressing against the...
GBP/USD Forecast Update – December 13, 2024
The GBP/USD pair continues to display signs of further downside movement, reinforcing expectations for the persistence of the bearish trend throughout the day. The...
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EURJPY Reaches Target, Bullish Momentum Expected to Continue – Forecast for 12-12-2024
The EURJPY currency pair resumed its upward momentum yesterday after testing the extended support line at 158.80,...
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CADCHF Shows Signs of Reversal, Eyeing Bullish Correction – Forecast for 11-12-2024
The CADCHF pair gained upward momentum this morning, surpassing the previously broken support level of 0.6203 and...
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GBP/JPY Resumes Upward Momentum, Eyeing Key Resistance Levels: Forecast for December 10, 2024
The GBP/JPY currency pair has continued its bullish correction, supported by the 38.2% Fibonacci retracement level at...
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The three major central bank governors “concluded the coffin”: “the era of low inflation” is over! The era of “low interest rates” is over
On Wednesday, June 29, the presidents of the three major central banks in Europe and the United States gathered in a rare gathering to...
Factors affecting the exchange rate of the pound
In the international foreign exchange market, the pound occupies an important speculative share among the eight major international currencies . To speculate on the...
What is the unit of pound sterling?
The unit of sterling is pounds and pence. The symbol of pound £ is derived from the digit name libra poundo, which is formed...
What are the characteristics of the British pound currency
What are the characteristics of the British pound currency: The main features of sterling banknotes can be briefly summarized as follows: Currency name: British Pound (POUND,...
What are the denominations of British pounds?
The British pound is the standard currency of the United Kingdom and is issued by the Bank of England, which was established in 1694....
The dollar falls, the status of the world’s major reserve currency declines
Today on Monday (June 27), the US dollar opened at 104.12, and closed at 104.12 yesterday. So far, the highest has hit 104.14 and...
GBP locked in 1.23 area
Today on Monday (June 27), the GBPUSD opened at 1.2271 and closed at 1.2274 yesterday. As of now, the highest has touched 1.2297 and...
The Bank of Japan remains firm on its ultra-loose policy USDJPY foreign exchange market analysis
Today on Monday (June 27), the dollar and yen opened at 135.27 and closed at 135.23 yesterday. So far, the highest has hit 135.27...
Wang Yiming, Monetary Policy Member of the People’s Bank of China: Fiscal policy needs to be strengthened, and we can consider raising the deficit...
On June 25, Wang Yiming, member of the Monetary Policy Committee of the People's Bank of China and vice chairman of the China Center...
Which economic data affects the dollar’s trend?
Which economic data affects the dollar's trend ? We will identify the five economic indicators that have the greatest impact on USD/EUR, benchmarked against...
What are the factors that affect the yen?
Ministry of Finance(MOF): The Ministry of Finance of Japan is the only department that formulates fiscal and monetary policy in Japan. The Japanese treasury...
Norway central bank makes largest rate hike in 20 years
Norway's central bank raised its benchmark interest rate by 50 basis points on Thursday, its largest single hike since 2002 and twice as much...