Saul123
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GBP/USD Price Analysis: Acceptance above 23.6% Fibo. favors bulls ahead of US Q1 GDP
GBP/USD struggles to attract follow-through buying and trades in a narrow range on Thursday. Reduced Fed rate cut bets and speculations about more aggressive BoE easing act as a headwind. The technical setup warrants some caution before positioning for any further appreciating move. The GBP/USD pair
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Forex Today: Cautious trade supported the Dollar ahead of US GDP
The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week. Here is what you need to know on Thursday, April 25: The USD Index (DXY) managed to reclaim some ground lost and ap
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Yuan's global ambitions face corporate caution and economic complexities
The People's Bank of China (PBOC) has released new data indicating a rise in foreign exchange (FX) deposits from US$779 billion to $833 billion within just a month. This increase signals that mainland companies are showing reluctance to convert their foreign-exchange earnings into yuan. A key contri
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EUR/USD Price Analysis: The first upside target is seen at the 1.0710–1.0715 region
EUR/USD holds positive ground around 1.0705 in Wednesday’s early European session. The pair keeps the bearish vibe unchanged below the key EMA. The first upside barrier is seen at the 1.0710–1.0715 region; the first downside target is located at 1.0638. The EUR/USD pair trades in positive territory
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Eurozone PMI signals a pickup in growth
The PMI increased from 50.3 to 51.4 in April, suggesting that the eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter. Inflationary pressures remain for the service sector, but don’t expect this to deter the ECB from cutting rates. The eurozone e
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Mexican Peso recovers as Middle East tensions abate
The Mexican Peso recovers as tensions in the Middle East abate temporarily. Several sources of geopolitical risk, however, continue to present threats to the Peso. A new Omicron variant of the Covid virus is spreading, though symptoms appear mild so far. The Mexican Peso (MXN), which is especially v
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U.S. Dollar Giving Back Ground Following Recent Strength
After trending higher over the past several days, the value of the U.S. dollar has given back ground during trading on Wednesday. The U.S. dollar index has dipped 0.31 points or 0.3 percent to 105.95, giving back ground after reaching its highest levels in over five months. Currently, the greenback
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Pull-up Update