GBP/JPY gained 2.72% for the week. BOJ intervention gave GBP/JPY buyers a better entry price near the weekly low of 165. 3. GBP/JPY remains on the upside and tests the February 2016 high of...
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EURUSD RECOVERED GROUND TOWARDS THE END OF THE NY SESSION, DESPITE HOT US CORE PCE
The US dollar strengthened against the US majors but weakened towards the end of Wall Street. GDP weakened in France and Spain, while German inflation continued to rise, above 10%. EURUSD is neutral on...
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NZD/USD RUSHES UP TO THE 0.5750 AREA AS THE US DOLLAR LOSES GROUND
The kiwi bounces up at 0.5610 and rallies to 0.5755. The US dollar drops amid Fed easing speculation. NZD/USD is unlikely to consolidate above 0.5750 – UOB. The New Zealand dollar bounced up strongly...
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SILVER PRICE ANALYSIS: XAG/USD STRENGTHENS AND RALLIES PAST $19.00
Silver prices extend recovery above $19.00. USD , dives to the Fed side, easing speculation. XAG/USD is now in the area of major resistance at $19.30. silver prices extended Thursday from Friday’s low of...
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USD/JPY HITS A FRESH 34-YEAR HIGH AT 148.85 BEFORE TICKING DOWN
The dollar breathes calmly to a maximum of 1 8.85. Monetary policy divergence crushes yen. USD/JPY: Potential high 1 9.17/150.00. The dollar accelerated its rally against the Japanese yen on Friday, hitting a session...
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USD/CHF ABOVE 1.0000 PUSHING AGAINST 1.0065 TWO-YEAR HIGH
The dollar breaks above parity and hits a two-year high of 1.0065. Fed tightening hopes strengthens US dollar. USD/CHF: 1.007 /98 higher targets likely higher – Credit Suisse. US$ extended Friday’s rally against the...
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The EU tightens the noose on Russia and bans crypto wallets
As part of the eighth round of sanctions against Russia, the European Union (EU) has imposed a complete ban on all crypto services for Russian companies. Find out about our latest news, articles and...
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U.S. Wholesale Inventories Jump More Than Expected In August
(RTTNews) – A Commerce Department report released on Friday showed that US wholesale inventories rose more than expected in August. The Commerce Department reported that wholesale inventories rose 1.3 percent in August after 0.6...
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Dollar Advances As Strong U.S. Jobs Data Boosts Fed Tightening Hopes
(RTTNews) – The US dollar strengthened against its major peers in the European session on Friday, as the country’s job growth beat expectations in September, raising hopes that the Federal Reserve will continue to...
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The unstoppable dollar wreaks havoc everywhere but America
The Federal Reserve’s focus on curbing inflation is hurting other economies around the world. The almighty dollar continues to crush everything around, causing problems for the economy almost everywhere except the United States. This means that, at...
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