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Sep 27, 22 •
1189 Views •
Forex News, Top News •
Zahir Shah
Comments Off on GBP/USD Slightly Recovers After Hitting Record Lows
As the BoE and UK Treasury sought to calm jittery markets, the pound rose slightly in Europe on Tuesday morning. As UK Chancellor Kwasi Kwarteng promised more tax cuts, the pound fell nearly 5% to a record low of $1,035 the day before. Despite the rise,...
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Sep 6, 22 •
1467 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Historic Dollar Surge Plays into the Hands of the Fed
The dollar is skyrocketing against the world’s major currencies, approaching an annual record in almost 40 years and the third-biggest gain since President Richard Nixon ended the gold standard more than 50 years ago. Is the Fed Concerned About the...
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Aug 30, 22 •
3035 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets
The Fed’s hawkish message sent bond and stock markets swooning, with the dollar updating a 20-year high. The yuan weakened to a fresh two-year low after Fed Chair Jerome Powell signaled a long-term rate hike, prompting the People’s Bank of China...
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Aug 29, 22 •
1657 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Crypto Market on the Brink of Collapse, Tether Still Pulling the Test
Many crypto companies lack basic financial security; Tether needs an audit that looks like a corporate version of a colonoscopy This year, pessimism, chaos, and panic reign in the cryptocurrency market. Under these conditions, cryptocurrency companies must...
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Aug 25, 22 •
2379 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Fighting the Dollar Dominance, Will it Work?
Arriving at his office in the heart of Sydney, Nick Tweedale is greeted by an endless array of dollar bills. “This is the simplest forex strategy,” claims a trader and CEO of Asia Pacific brokerage FP Markets. “Unless there is a dramatic...
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Jul 28, 22 •
2273 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Dollar Falls as Powell Hints Approaching Neutral Rate Level
The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after...
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Jul 27, 22 •
2466 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Fed Uncertainty and European Gas Crisis Dominate FX Markets
With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today,...
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Jul 25, 22 •
1995 Views •
Forex News, Top News •
Zahir Shah
Comments Off on GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY
During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is...
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Jul 22, 22 •
3743 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Dollar Rising before Fed’s Rate Hike
The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a...
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May 25, 22 •
2259 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Bloomberg: US to Outpace China’s Growth
The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday,...
