FX

GBP/USD closes the week above 1.3600 frem 1.3405 lows in late September. BoE tightening expectations have fuelled the pound’s recovery. GBP/USD seen at 1.41 in 2022 – Westpac. The British pound has found support at 1.3610 after having hit resistance at one-week highs of 1.3660 earlier today. The pair consolidates above 1.3600 after a significant recovery from year-to-date lows
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GBP/USD reached its lowest level in over a year in the past month. As the Bank of England (BoE) could start raising rates this year despite rough economic conditions, economists at the National Bank of Canada expect the pound to strengthen. Sterling is expected to receive support from monetary policy “Gas shortages and difficulty finding
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AUD/USD pares gains as the King dollar looks to find its feet. Recent surge in natural gas prices underpins the aussie’s comeback. The aussie awaits acceptance above 50-DMA resistance at 0.7306. Having faced rejection once again above 0.7300, AUD/USD is paring gains in the European session, despite the risk-on market profile. The latest leg down
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The sterling remains bid and approaches 1.3650. Expectations of a BoE rate hike are pushing the pair higher. GBP/USD: Further decline towards 1.3163/58 remains in the cards –  DBS Bank. The sterling is set for its fourth positive day in a row, extending its rebound from year-to-date lows near 1.3400 last week to session highs right
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Social networks Facebook, Instagram and WhatsApp have fallen globally and as never before as the social networks began to have intermittent problems since yesterday during the day, but as of today left 2.9 billion Facebook users, 2000 million WhatsApp users and the same from Instagram were unable to access the services . The most reported
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AUD/USD recovery from 0.7170 loses steam at 0.7270 area. The US dollar extends its pullback despite bright US data. The aussie remains offered while below 0.7390 – Commerzbank. The Australian dollar has appreciated against the USD for the second day in a row on Friday, to consolidate at 0.7270 after bouncing up from 0.7170 lows earlier
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The market sentiment is upbeat weighs on US T-bond yields and the greenback. Eurozone inflation rose by 3.4%, above the ECB’s target,  US ISM Manufacturing PMI shows expansion in the overall economy, according to the ISM. The EUR/USD is trimming losses, trading at 1.1596, barely up 0.13% during the day at the time of writing.
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Western Texas Intermediate is ready for its six-weekly gain. Oil threatens to close above $75.00 for the first time in three months. WTI’s technical outlook looks poised for higher prices. Western Texas Intermediate (WTI) is advancing during the day, trading at $75.27, recording gains of 0.43% at the time of writing. WTI’s price action for
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