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EURCHF Remains Above Key Support Level – Market Forecast for February 24, 2025
The EURCHF currency pair has recently experienced downward pressure but has managed to maintain positive momentum, closing consistently above the crucial support level of...
EURJPY Faces Decline – Forecast for February 17, 2025
The EURJPY currency pair has struggled to maintain momentum above the 160.25 mark, as it succumbed to the negative pressure from key technical indicators....
USD/CHF Price Seeks Positive Momentum for Further Gains: Forecast for February 11, 2025
The USD/CHF pair is currently holding above the 0.9100 level, but it requires a positive catalyst to maintain its upward momentum. If the price...
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India’s Forex Reserves Rise for Second Consecutive Week to $630.6 Billion
India's foreign exchange reserves grew for the second straight week, reaching a total of $630.6 billion as...
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How Long Should I Hold a Forex Trade?
The forex market, or foreign exchange market, is one of the largest and most liquid financial markets...
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Is a Higher or Lower Spread Better?
In the world of financial markets, particularly in forex (foreign exchange) trading, the concept of spreads plays...
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U.S. Bureau of Labor Statistics: Total employment may increase from 158.1 million to 166.5 million in the next decade
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On September 8, local time, the U.S. Bureau of Labor Statistics released the 2021-2031 employment forecast report, showing that between 2021 and 2031, the...
Official: the Japanese government must take measures to deal with the “excessive” fall of the yen
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Seiji Kihara, Deputy Chief Cabinet Secretary of prime minister Fumio Kishida's government, said on Sunday that the Japanese government must take measures as needed...
Ukraine’s GDP in the second quarter fell by nearly 40% year-on-year, the central bank kept interest rates unchanged at 25%
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On Thursday (September 8), local time, the latest data released by Ukraine’s Bureau of Statistics showed that the country’s gross domestic product (GDP) expanded...
The currency is devalued by 45% and the country is bankrupt! Dollar soars, yen falls back to 25 years ago
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Influenced by geopolitics, the Fed's interest rate hike and other factors, the exchange rate of major currencies in the world against the US dollar...
The European Central Bank raises interest rates by the most in 20 years, and the euro approaches a 20-year low
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European Central Bank President Christine Lagarde said there will be more rate hikes ahead, but 75 basis point hikes will not be the norm. On...
Malaysian ringgit falls to 24-year low this week
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Malaysia's ringgit fell this week to its lowest level since the 1998 Asian financial crisis on the back of a stronger dollar and expectations...
Japanese decision-makers wake up? The yen rebounded sharply, Kuroda Haruhiko said rapid devaluation is not desirable
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After weeks of sharp weakness, the yen/dollar exchange rate on Friday (September 9) finally ushered in a sharp rebound. Japan's central bank governor Kuroda...
GBP/USD moves 30 pips higher
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On September 7, GBP/USD rose 30 points against the US dollar in the short term, and is now at 1.1557.
75 basis points is the largest rate hike since 1999, and 50 basis points leaves room for interest rate hikes. Where does the European...
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Nomura Securities: It is expected that the European Central Bank will raise interest rates by 75 basis points, and will raise interest rates by...
Before ECB interest rate decision and Powell speech, U.S. index pulls back, gold rises
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September 8 News Gold prices edged higher on Thursday as the dollar weakened, although investors were reluctant to take big positions ahead of the...
Fed needs to raise policy rates further to cool inflation
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On Thursday (September 8), the US dollar index rose sharply and temporarily reported 109.78, an increase of 0.20%. Fed Vice President Brainard said the...
Russian Deputy Finance Minister: Russian banks are considering yuan and UAE dirham as alternatives to US dollar and euro
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Russian media Russian Business Consulting (RBC) reported on September 8, Russian Deputy Finance Minister Alexei Moiseye Russian banks prefer the yuan as the...