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Aug 29, 22 •
1624 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 •
2360 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 •
2243 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 •
2437 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 •
1977 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 •
3717 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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Jun 28, 22 •
2325 Views •
Top News •
Zahir Shah
Comments Off on Dollar Strength Could Hit EM Harder in this Cycle
If inflation accelerates, currency depreciation is likely to increase pressure on domestic prices Developing countries live their economic lives at the mercy of the US Federal Reserve. That may sound harsh, but it doesn’t make the truth any less. As...
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Jun 27, 22 •
2300 Views •
Top News •
Zahir Shah
Comments Off on Long-Term LNG Supply Contracts Increasing Amid Embargo with Russia
This year, demand for long-term LNG supply contracts has surged amid global efforts to reduce Russian gas imports. Manufacturers have capitalized on this trend by charging much higher prices for new long-term contracts. According to an Oil & Gas Journal...
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Jun 24, 22 •
1215 Views •
Top News •
Zahir Shah
Comments Off on German Companies Bracing for the Worst after Cutting off Gas Supplies from Russia
German companies face a real risk of production cuts and layoffs as supplies of cheap and clean energy from Russia are cut off due to Western sanctions. German companies, the powerhouse of Europe’s largest economy, are contemplating painful production...
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Jun 23, 22 •
2276 Views •
Top News •
Zahir Shah
Comments Off on Devaluating Pound Can Worsen Problems
A rate hike by the Bank of England last week gave the pound some breathing room. But it’s still 10% weaker against the dollar from its January peak and 3% below the euro. Aside from the occasional shrug about the cost of a beer in Marbella or a ticket...