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Mar 16, 21 •
1849 Views •
Forex News •
Zahir Shah
Comments Off on Review of US data expected this week
Retail sales The data will be published on Tuesday, March 16, at 12:30 GMT. We expect some modest payback in retail sales data for February after spending spikes in the previous month. Direct checks from the December fiscal stimulus package burned a hole in...
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Mar 9, 21 •
1914 Views •
Forex News •
Zahir Shah
Comments Off on US Dollar soars to 3-month highs
US lawmakers approved $ 1.9 trillion in stimulus, and the US labor market report, which was released on Friday, was strong. However, despite this, sales are observed in the market of risky assets, so the dollar is strengthening. The dollar index traded near...
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Feb 5, 21 •
1964 Views •
Forex News •
Zahir Shah
Comments Off on Dollar rises amid economic optimism
On Thursday, the U.S. Dollar rose to its highest level in more than two months against the Euro and the Yen. Pessimism on the U.S. economic outlook weakened ahead of the release of important labor market data. The GBP fell against the U.S. Dollar but traded...
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Feb 4, 21 •
1852 Views •
Forex News •
Zahir Shah
Comments Off on The Eurozone downturn intensifies!
The economic downturn in the eurozone intensified in January as renewed restrictions aimed at curbing the coronavirus’s spread hit the bloc’s dominant services sector hard. Coronavirus cases are on the rise again, and governments across the...
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Feb 3, 21 •
1898 Views •
Forex News •
Zahir Shah
Comments Off on Dollar bears start weakening!
The U.S. Dollar moved near a seven-week high on Tuesday, capitalizing on a sell-off in the Euro. The day before, the single currency fell after bans imposed to fight the coronavirus reduced consumer spending in Germany. The squeezing of short positions on the...
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Feb 1, 21 •
2051 Views •
Forex News •
Zahir Shah
Comments Off on Surge in oil prices could be short-lived
Oil prices are rising after a weak start. However, scattered coronavirus vaccine deployments, new infections, and the discovery of new strains of the virus are casting a shadow over demand prospects.Brent crude oil futures rose 1% to $ 55.57 a barrel, while...
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Jun 28, 20 •
2691 Views •
Forex News, Gold •
Zahir Shah
Comments Off on Gold to continue gains in the next week
The second wave of coronavirus in the US is rising apprehensions among investors. NFP report can either serene or jolt the markets. There are chances of gains for the gold in the third straight week. Gold has stirred its top position by 1.3% in the week....
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Jun 28, 20 •
2678 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on Risk events in the week ahead
The second wave of coronavirus in the US is rising apprehensions among investors. NFP report can either serene or jolt the markets. Release of National Data may not push Aussie from Range: Next week is filled with the data in Australia and investors are...
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Jun 27, 20 •
2331 Views •
Forex News, Hot Trading News •
Zahir Shah
Comments Off on Corona virus impacting the upcoming NFP
Kansas City Federal Reserve Bank President Esther George said on Thursday that there are more chances of COVID-19 to spread out in the U.S. and this is challenging for the U.S. economy unless scientists develop a vaccine. The full recovery of the economy from...
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Jun 26, 20 •
2720 Views •
Forex News, Forex Trading Articles, Market Analysis, Top News •
Zahir Shah
Comments Off on Dollar and Gold uproar as corona virus rages again
COVID-19 numbers increase with the distressing rate in South America, and this pandemic situation is making the market’s mood sour. Other currencies are falling, but in contrast, the Dollar and gold have outstanding performance. A three-layered...
