Ramsden
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USD/JPY: An overextended intraday rally makes it vulnerable to a squeeze down with rumoured talks of FX intervention
USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Abrupt intraday movement in USD/JPY that wiped o
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Mexican Peso pauses in recovery ahead of Mexican GDP data
The Mexican Peso pauses in its recovery in most major pairs. Risk appetite continues to be positive, however, supporting a bullish outlook for the Peso. Analysts at Rabobank expect the Peso to appreciate as long as volatility remains subdued. The Mexican Peso (MXN) has stalled after rallying against
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Yen under pressure: Will Japan intervene in the currency market?
Last week, the Bank of Japan(BOJ) kept its interest rate at 0% and continued buying bonds at 6 trillion yen monthly. This decision disappointed the market, which had expected a change in bond purchasing. After the announcement, the yen weakened further. The market is anxious about when the Bank of J
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The week ahead: Yen, UK and tech earnings along with Fed meeting to fuel market sentiment
What a morning for the yen. After a sharp rally on the back of the Bank of Japan meeting on Friday, USD/JPY surged to 160.00, however, it has since dropped back to 156.00, which suggests official intervention to stem yen weakness. USD/JPY is currently bouncing off its lows as we move through Monday
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EUR/USD Price Analysis: Keeps steady above 1.0700 amid shift to upward momentum
EUR/USD holds its position above the psychological level of 1.0700 amid a momentum shift toward an upward trend. The immediate barrier appears around the major level of 1.0750, aligned with the upper boundary of the descending channel. A break below 1.0700 could lead the pair toward the support leve
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New peak for FTSE 100
The FTSE 100 has hit a new high today, while Wall Street is focusing on the better tech earnings last night, in a bid to forget about sticky inflation data, says Chris Beauchamp, Chief Market Analyst at online trading platform IG. FTSE 100 touches fresh record high “The bidding bonanza for UK-listed
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How a Young Entrepreneur Built a Rs 340 Crore Furniture Brand - Saraf Furniture
Hailing from the small town of Sardarshahar, Rajasthan, which has a population of just 50,000, Raghunandan Saraf has transformed a traditional family-run furniture business into a successful online marketplace, InSaraf, achieving a turnover of Rs 340 crore. Raghunandan, a visionary second-generation
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Pull-up Update