Broad
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NZD/USD remains under selling pressure below 0.5900 amid risk-off mood, renewed US Dollar demand
NZD/USD attracts some sellers near 0.5880 on the renewed USD demand on Friday. US officials revealed that Israel carried out military strikes against Iran, boosting safe-haven currencies like the USD. The annual inflation rate in New Zealand remains above the central bank target range, keeping the R
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Powell's message rattles markets [Video]
We’ve seen some profit taking on Dollar longs into Wednesday, but overall, the US Dollar remains well in demand, especially after the Fed Chair came out with his comments on Tuesday. Jerome Powell signaled the central bank would likely keep rates on hold for longer on account of an ongoing battle wi
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Forex Today: UK inflation data support Pound Sterling, US Dollar consolidates before Fedspeak
Here is what you need to know on Wednesday, April 17: The US Dollar holds steady against its major rivals after ending Tuesday on a bullish note. The US economic docket will not offer any high-impact data releases but several Federal Reserve (Fed) policymakers will be delivering speeches on Wednesda
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USD/CHF Price Analysis: Consolidates above 0.9100 near YTD highs
USD/CHF climbs 0.12% amid global risk aversion, boosting demand for the US Dollar. Breaking past the November 1, 2023, high of 0.9112 suggests potential for more gains, targeting the 0.9200 resistance. A fallback below 0.9100 could prompt a test of the major support trendline around 0.9040. The US D
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GBP/USD pulls back into the negative zone
GBPUSD inches down to a new five-month low. An extension below 1.2400 could generate fresh selling interest. GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its efforts proved unsuccessful, with the pair charting a new lower low
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Canadian Dollar Firms Against Majors
The Canadian dollar moved up against its major counterparts in the European session on Monday. The loonie rose to 1.3725 against the greenback and 1.4620 against the euro, off its early lows of 1.3781 and 1.4665, respectively. The loonie advanced to near 2-week highs of 112.40 against the yen and 0.
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EUR/GBP could break below 0.85 this year – Rabobank
Analysts at Rabobank share their view on the Pound Sterling's short-term outlook against the Euro and the US Dollar. EUR/GBP to dip to 0.84 in the second half of 2024 "It has been our view for some time that EUR/GBP could break below the 0.85 level this year. This view is based on the forecast of a
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Iran attack was expected and countered near perfectly as safe haven assets tentatively unwind
EU Mid-Market Update: Iran attack was expected and countered near perfectly as safe haven assets tentatively unwind; Earnings season slowly picks up. Notes/observations - Crude oil drops after fresh conflict in the Middle East on the weekend, with Iran directly firing ~300 drones and missiles at Isr
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Iran attack was expected and countered near perfectly as safe haven assets tentatively unwind
EU Mid-Market Update: Iran attack was expected and countered near perfectly as safe haven assets tentatively unwind; Earnings season slowly picks up. Notes/observations - Crude oil drops after fresh conflict in the Middle East on the weekend, with Iran directly firing ~300 drones and missiles at Isr
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Pull-up Update