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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GBP/USD Price Reaches fresh three-month highs above 1.3550
GBP/USD hit a fresh three-month high of 1.3562 on Tuesday. The 14-day Relative Strength Index is near overbought, signaling possible…
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GBP/JPY Price Forecast: Looks set for fresh rally above 212.20
GBP/JPY strengthens on the Japanese Yen’s continued underperformance. BoJ’s Ueda has kept the door open for further interest rate hikes.…
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EUR/GBP flat lines near 0.8650 ahead of German CPI inflation release
EUR/GBP holds steady around 0.8655 in Tuesday’s early European session. Rising bets that the BoE will follow a gradual monetary…
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USD/INR drops as safe-haven demand of US Dollar diminishes
The Indian Rupee regains ground against the US Dollar after a three-day losing streak. The US Dollar’s safe-haven demand cools…
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Dollar Steadies After Volatile Session
The dollar index steadied around 98.4 on Tuesday following a volatile previous session marked by geopolitical jitters and heightened uncertainty…
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Yuan Remains Firm Amid Seasonal Demand
The offshore yuan hovered around 6.98 per dollar, trading near a thirty-two-month high, as seasonal demand persisted while the central…
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Trade of The Day – USDIDX
Facts: Over the weekend, Maduro was detained in a US-led military operation. The dollar successfully defended support around the 97.600…
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Pound Sterling drops as US raids on Venezuela sours market sentiment
The Pound Sterling is under pressure as the US raid in Venezuela has increased the safe-haven demand. The BoE is…
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EUR/USD Price Forecast: Bears await break below 100-day SMA support near 1.1665 area
EUR/USD remains under heavy selling as rising geopolitical tensions boost the safe-haven USD. The divergent Fed-ECB outlooks could support spot…
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USD/CAD edges higher to near 1.3750 due to geopolitical risks
USD/CAD rises as safe-haven demand increases on renewed geopolitical risks. US captured Venezuelan President Nicolas Maduro, with Trump saying Washington…
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