High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with
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How much further can the bounce in Gold prices run? Any way you slice it, this is not the same set-up for flows as a few short months ago, TDS’ Senior Commodity Strategist Daniel Ghali notes. Gold price may continue its downward movement “Pent-up selling activity unleashed by the US elections, resulting in a massive shift from
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The forex markets remain subdued in Asian session, with all major pairs and crosses confined within yesterday’s tight ranges, and many still constrained within last week’s bounds. Among the majors, Australian Dollar is showing slight strength supported by hawkish RBA minutes, followed by Swiss Franc and Canadian Dollar. Meanwhile, Japanese Yen lags as the weakest
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The Australian Dollar appreciated as the RBA Meeting Minutes emphasized the importance of maintaining a restrictive monetary policy. The PBoC’s Monetary Policy Committee (MPC) decided to maintain the current interest rate at 3.1% for November. The US Dollar steadies as investors anticipate pro-inflationary policies from the incoming Trump administration. The Australian Dollar (AUD) attempts to
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT LOS ANGELES, CALIFORNIA – AUGUST 20: The exterior sign of a Lowe’s home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by
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USD/JPY falls to a six-day low, breaking through key support levels amidst heightened risk aversion. Technical indicators suggest potential further declines, with next targets set at Kijun-sen and 200-day SMA at 151.88. Immediate resistance for USD/JPY is located at the 154.00 level, with significant upper resistance at the recent peak of 156.75. The Japanese Yen
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