Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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EUR/JPY Price Forecast: Slips below 183.00 as momentum weakens
EUR/JPY may explore the area around the three-week low of 181.57. The 14-day Relative Strength Index stands at 50.96, indicating…
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Japanese Yen sticks to intraday gains amid hawkish BoJ bets; lacks bullish conviction
Japanese Yen attracts some buyers amid hawkish BoJ bets and rising geopolitical risks. The divergent BoJ-Fed expectations offer additional support…
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Offshore Yuan Weakens
The offshore yuan weakened to around 6.98 per dollar on Wednesday, pressured by a dovish tone from the People’s Bank…
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USD/CHF softens to near 0.7950 as Venezuela crisis supports Swiss Franc
USD/CHF weakens to around 0.7950 in Wednesday’s early European session. Venezuela turmoil boosts the safe-haven demand, supporting the Swiss Franc.…
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EUR/CAD holds gains near 1.6150 as Oil dips, Germany HICP eyed
EUR/CAD appreciates on increased risk appetite amid easing US–Venezuela tensions. The Canadian Dollar may face pressure as renewed US access…
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Euro Climbs Back Above $1.17
The euro rebounded above $1.17, supported by a softer US dollar following weak US manufacturing data, and as investors largely…
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USD/CAD flat lines above mid-1.3700s as softer Oil prices offset USD selling
USD/CAD is pressured by some follow-through USD selling, though it lacks bearish conviction. Rising Fed rate cut bets and a…
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EUR/USD Price Forecast: Looks to build on momentum beyond 1.1735 confluence
EUR/USD gains some follow-through positive traction amid a broadly weaker USD. The divergent Fed-ECB outlooks favor bulls and back the…
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USD/CHF ticks down to near 0.7910 as US Dollar falls back
USD/CHF trades mildly lower to near 0.7910 as the US Dollar corrects further. Weak US ISM Manufacturing PMI data for…
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Japanese Yen bulls seem noncommittal amid BoJ uncertainty, fiscal concerns
Japanese Yen struggles to lure buyers amid the uncertainty over the timing of the next BoJ rate hike A positive…
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