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Feb 6, 23 •
7827 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Will this Packed Week Surprise the Markets?
Financial markets will be wild and eventful over the next few days thanks to key economic data, central bank decisions, and tech company earnings. Immediately before meetings of the Federal Reserve, Bank of England, and European Central Bank, investors...
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Jan 31, 23 •
11883 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings
In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation...
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Jan 27, 23 •
9111 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention
The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by...
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Jan 26, 23 •
8695 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC
The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around...
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Dec 24, 22 •
1082 Views •
Forex News, Top News •
Zahir Shah
Comments Off on EUR/USD Forecast: Euro on track for second weekly profit in a row
After a mixed start to trading, the Euro held above the 1.06 dollar mark on Friday. At midday, the common currency cost 1.0619 dollars, a slight increase from the previous evening. As of Thursday, the reference rate was set at 1.0633 dollars by the European...
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Dec 24, 22 •
1790 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US PCE inflation data expected before the Long weekend
Market conditions remain subdued early Friday as traders in the lead-up to Christmas remain subdued. A monthly report from the German Bundesbank will be released during European trading hours. A report on November’s Personal Consumption Expenditure...
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Dec 23, 22 •
1017 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3%
The global crypto market cap decreased marginally over the last day to $810.31 billion, which led to mixed trading on December 22. Over the last 24 hours, the crypto market volume has decreased by 28.55% to $25.67 billion. Currently, DeFi has a volume of...
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Dec 22, 22 •
1932 Views •
Forex News, Top News •
Zahir Shah
Comments Off on FTX Fallout Intensifies as Traders Take Defensive Measures
After failing to build on the positive macroeconomic news-induced rally, the cryptocurrency market has slipped into a consolidation phase. As a result of the consolidation, the prices of two of the largest assets, Bitcoin (BTC) and Ethereum (ETH) have dropped...
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Oct 29, 22 •
1306 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US in No Hurry to Cap the Price of Russian Oil
On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new...
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Oct 28, 22 •
2113 Views •
Forex News •
Zahir Shah
Comments Off on Dollar Bounce Back Hurts Yen and Others
On Friday, the yen fell as the BOJ remained dovish while the dollar struggled to recover from losses earlier in the week amid expectations that the Federal Reserve’s aggressive rate hikes would ease. Following the BoJ’s commitment to keeping...
