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/JPY holds above 206.00; upside seems capped as BoJ rate hike bets underpin JPY
GBP/JPY attracts some buyers for the second straight day, though it lacks bullish conviction. A weaker USD and the end…
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EUR/USD Price Forecast: Extends the recent rally to near 1.1650 amid bullish signal
EUR/USD strengthens to near 1.1635 in Wednesday’s Asian session. The major pair keeps the bullish vibe unchanged above the key…
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NZD/USD holds positive ground above 0.5750 on upbeat Chinese Services PMI data
NZD/USD gains momentum to near 0.5750 in Wednesday’s early European session. Upbeat Chinese Services PMI data and less dovish-than-expected stance…
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GBP/USD edges higher above 1.3200 as Fed rate cut bets pressure US Dollar
GBP/USD gains ground to around 1.3235 in Wednesday’s early European session. Rising December Fed rate cut bets continue to undermine…
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EUR/GBP posts modest losses below 0.8800 despite dovish BoE expectations
EUR/GBP trades with mild losses around 0.8795 in Wednesday’s early European session. UK PM Starmer seeks lower interest rates to…
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Offshore Yuan Hits Over 1-Year High
The offshore yuan strengthened past 7.06 per dollar, hitting its highest level since October 2024, supported by a strong central-bank…
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Won Pressured by Capital Outflows
The South Korean won slipped toward 1,470 per dollar, hovering near seven-month lows as market sentiment remained pressured by ongoing…
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AUD/NZD Recommendation From Goldman Sachs
Goldman Sachs has issued a recommendation for the AUDNZD currency pair. Goldman Sachs recommends taking a short position on the…
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Limited Reaction in EUR/USD on Near Consensus Eurozone CPI Data
10:00 AM GMT, Euro Zone – Inflation Data for November: CPI: actual 2.2% YoY; forecast 2.1% YoY; previous 2.1% YoY; CPI: actual -0.3% MoM;…
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USD/CAD holds onto recovery move near 1.4000 despite firm dovish Fed bets
USD/CAD grips Monday’s recovery move around 1.4000 following footprints of the US Dollar. The US ISM Manufacturing PMI fell at…
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