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Apr 28, 22 •
2379 Views •
Forex News •
Zahir Shah
Comments Off on Yuan to Continue the Downside as Greenback Soars
The yuan’s decline is set to gain momentum over the next few months as markets factor in a deteriorating economy hit by Chinese authorities’ fight against another Covid outbreak. Analysts at Credit Agricole, Standard Chartered Bank, BNP Paribas...
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Apr 27, 22 •
1829 Views •
Forex News, Hot Trading News •
Zahir Shah
Comments Off on Forex Market Roundup: Risk Flows Keep Dollar Dominating
The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to...
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Mar 1, 22 •
1223 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance
The GBP/USD pair rose to a daily high during the mid-European session. The pair now looks to continue the rise beyond the 1.3400 mark. It has now filled the weekly bearish gap amid some intraday US dollar selling as the pair rallied around 100 pips on Monday...
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Mar 1, 22 •
1728 Views •
Forex News, Top News •
Zahir Shah
Comments Off on EUR/USD 1.12 Holds, Gap Down Intact!
The EUR/USD pair maintains a bearish bias if it stays under the downtrend line. The currency pair could come back down if it fails to close the gap down. A bearish pattern around the downtrend line could announce a new leg down. The EUR/USD price loses...
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Jan 31, 22 •
1501 Views •
Forex News, Top News •
Zahir Shah
Comments Off on How are crises in Ukraine hitting the global markets?
Tensions about a possible Russian invasion of Ukraine have pushed global markets to the brink of collapse. The possibility of conflict in Ukraine, as well as the likelihood of increasing interest rates, shook the markets this week, sending prices plummeting...
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Jan 31, 22 •
1305 Views •
Forex News, Top News •
Zahir Shah
Comments Off on What to look for this week? BoE, NFP, and ECB in focus
After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can...
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Dec 1, 21 •
1594 Views •
Forex News, Top News •
Zahir Shah
Comments Off on The Omicron fears and the safe-haven currencies
On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected...
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Dec 1, 21 •
1421 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Fed Chair remains hawkish, Yen highs and Aussie slumps
After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a...
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Nov 30, 21 •
1333 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD
Something surprising happened this Tuesday Asian afternoon, Risk-sensitive currencies slid, and safe havens gained. It took things in the opposite direction after Moderna’s CEO said that it is unlikely that the COVID-19 vaccines will be as effective...
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Nov 29, 21 •
1516 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Dollar and major currencies pullback after Omicron shocks
The dollar edged higher, the euro fell, and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant. The Omicron shocks Initially discovered in South...