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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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Oil prices held steady on Tuesday, as traders balanced the partial restart of production at Norway's key Johan Sverdrup oilfield with heightened geopolitical tensions following Russia's revised nuclear threat policy. Brent crude futures…
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