ForexJohn
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Asia wrap: Grappling with political risk
Recent political developments have created a sense of uncertainty in financial markets, particularly regarding the situation in the Middle East. Reports confirm that Israel has carried out an attack on Iran, which caused an explosion in Isfahan. The initial reports suggested that the explosion happe
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EUR/GBP recovers to 0.8550 as ECB Lagarde see fight with inflation is still on
EUR/GBP rebounds from 0.8500 as ECB Lagarde sees the fight with inflation is not over yet. ECB Knot is not uncomfortable with market expectations for rate cuts. Investors await the UK Retail Sales data for fresh guidance. The EUR/GBP pair extends its recovery to 0.8550 in the early American session
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Gold price responses to market stress and geopolitical tensions in the Middle East
In a recent escalation of tensions in the Middle East, Iran launched an attack on Israel. This aggressive move was in direct response to an Israeli airstrike on an Iranian consular building in Damascus, Syria. Iran’s action highlights the delicate and volatile nature of geopolitical relations in the
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Pound slips to 4.5-month low, UK GDP ticks higher
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point since November 23. UK economy ekes out a 0.1% gain It wasn’t a spectacular GDP report but a gain is a ga
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Here’s why Gold at $3000 and Silver at $50 is a real possibility in 2024 [Video]
It's official: Google searches for the phrase “How To Trade Gold” are now back at the highest level seen in over a decade! This comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best perfo
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