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USD/JPY continued its downward acceleration for a second consecutive session, falling 1.1% during Asian and European trading hours on Wednesday. The primary drivers of the decline were increased demand for the yen as the month-end and…
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The New Zealand dollar jumped roughly 1% against the U.S. dollar on Wednesday after the Reserve Bank of New Zealand (RBNZ) announced a 50-basis-point rate cut, falling short of market expectations for a more aggressive 75-basis-point…
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EUR/USD traded within a narrow range early Tuesday, continuing the sideways movement seen on Monday, which resulted in a Doji candle, signaling market indecision. An initial positive signal is forming on the daily chart following last…
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Gold prices fell more than 2% on Monday, as traders took profits following last week's nearly 6% rally, the biggest weekly gain in almost two years. Weaker sentiment, fueled by easing safe-haven demand, was also a factor. The nomination…
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Data from the Ifo Institute revealed that Germany’s business climate index dropped to 85.7 in November, down from 86.5 in October, falling short of the 86.0 consensus forecast. The stronger-than-expected decline in business morale…
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GBP/USD dropped below the 1.2500 mark, hitting a new 6.5-month low on Friday, following disappointing UK retail sales for October and weak November PMI figures. These reports further pressured the pound, compounded by worsening geopolitical…
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EUR/USD remains biased to the downside as near-term price action stays within an extended consolidation range above the 13-month low of 1.0495. The upside is capped by strong resistance at the 1.0600 zone, which includes the April 16 low,…
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Bitcoin reached a new all-time high above $94K on Wednesday, fueled by growing expectations for more crypto-friendly policies under the incoming Trump administration. The break above the top of a seven-day consolidation range has…
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The USD/JPY gained 0.7% on Wednesday during Asian and European trading, rebounding as concerns over an immediate escalation in the Ukraine conflict began to fade. Dollar strength, driven by continued "Trump trade" momentum, also supported…
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Gold prices climbed on Tuesday, continuing their rebound from two-month lows, as the dollar retreated from recent highs and escalating Russia-Ukraine tensions boosted safe-haven demand. Spot gold rose 0.8% to $2,633.8 an ounce, while…
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