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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Yen Slips in Holiday-Thinned Trade
The Japanese yen slipped past 156.5 per dollar on Monday, giving back part of the prior session’s gains as traders…
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Won Falls as Capital Outflows Mount
The South Korean won depreciated to around 1,472 on Monday, approaching its lowest level in more than seven months, as…
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Offshore Yuan Holds Firm
The offshore yuan traded around 7.11 per dollar, moving sideways near a one-week high, as the central bank continued to…
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Three Markets to Watch Next Week
In the upcoming week, it will be worth monitoring the following three instruments: Bitcoin, USDJPY, and US100. We selected them due…
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Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling faces selling pressure amid UK Retail Sales declining 1.1% and S&P Global PMI dropping sharply. Investors await…
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Chart of The Day – USD/JPY
The USD/JPY exchange rate is currently around 156.7. Today’s trading is influenced by a complex mix of fundamental factors, where…
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European PMI Below Expectations – EUR/USD Under Pressure
Key Data: 09:15 – FrancePreliminary Manufacturing PMI – November: actual 47,8 (forecast 49 (previous 48.8)Preliminary Services PMI – November: actual…
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USD/CAD dips below 1.4100; downside seems limited amid bullish USD, sliding Oil prices
USD/CAD edges lower as the USD pauses following the recent rise to a multi-month top. Reduced December Fed rate cut…
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EUR/USD moves higher to near 1.1550 ahead of HCOB PMI data
EUR/USD gains ground amid increasing bets for the Fed rate cut in December. CME FedWatch Tool suggests pricing in 36%…
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EUR/JPY edges lower below 181.50 as Japan unveils stimulus package
EUR/JPY softens to near 181.40 in Friday’s early European session. Japan’s cabinet approved 21.3 trillion yen economic stimulus package. ECB’s…
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