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Nov 23, 23 •
745 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Signals Today: EU, UK Manufacturing and Services PMIs
The USD gained after finding a bottom on Tuesday yesterday due to a yield turnaround after earlier falls. Consumer sentiment in Michigan continued to support the economy, as consumer forecasts for inflation one and five years away continued to be higher, with...
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Nov 22, 23 •
820 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases
The following are the things you need to know on Wednesday, November 22 2023: Despite Monday’s sharp decline, the US Dollar Index managed to gain some small daily points on Tuesday. The USD continues to hold its ground against its rivals early...
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Oct 27, 23 •
638 Views •
Forex News, Forex Trading Articles •
Zahir Shah
Comments Off on 4 Forex News Events You Need To Know
There are a lot of economic indicators and forex news events that influence currency markets, and new traders need to learn about them. If new traders can quickly learn which data to watch out for, what it means, and how to trade it, they will soon become...
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Oct 5, 23 •
714 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Roundup: Dollar Rules Despite the Slides
On Thursday, investors will monitor global bond markets closely as yields continue to rise. Late in the Asian session, Australia will release its trade data for August. On Friday, the US will publish its weekly jobless claims report. On Thursday, October 5,...
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Oct 3, 23 •
609 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Currency Round Up: US Dollar (USD) Soaring amid Rising Bond Yields and Risk Aversion
During the American session on Monday, the US Dollar (USD) benefited from a surge in US Treasury bond yields following a quiet start to the new week. Early Tuesday, the US Dollar Index hit its highest level since November, above 107.00, entering a...
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Sep 26, 23 •
861 Views •
Forex News, Top News •
Zahir Shah
Comments Off on September 26 Forex Brief: Consumer Confidence and Home Sales
In today’s Asian and European sessions, the economic calendar is light again. After several months of decline, the S&P/CS Composite-20 HPI YoY house price index for the US session is expected to turn positive and gain 0.2%. Sales of new homes were...
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Aug 7, 23 •
781 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Dollar Holds Steady as Traders Await Inflation Data from US and China
The dollar was little changed on Monday after a mixed US employment report failed to spark any significant market reaction. Traders shifted their focus to the upcoming inflation data from the US and China, which could provide some clues on the economic...
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May 31, 23 •
1112 Views •
Forex News, Top News •
Zahir Shah
Comments Off on London stocks open lower as US debt deal faces opposition
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early...
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May 27, 23 •
1939 Views •
Forex News •
Zahir Shah
Comments Off on US Debt Ceiling: Biden and Mccarthy Near Deal as Default Looms
The debt ceiling is a limit imposed by the law on the federal government’s borrowing to pay its bills. It was raised to $31.4 trillion on December 16, 2021, but the Treasury Department has been using “extraordinary measures” to keep...
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May 5, 23 •
1632 Views •
Forex News, Top News •
Zahir Shah
Comments Off on ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The...
