Forex News

As of the early hours of Wednesday in Asia, West Texas Intermediate (WTI) crude oil is experiencing slight gains, hovering around the $68.20 mark. Nonetheless, this incremental rise is tempered by broader market pressures stemming from global economic uncertainties, particularly with negative indicators emerging from China’s economy, as well as an unexpected uptick in U.S.
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In recent weeks, the Australian dollar (AUD) has experienced significant depreciation, catalyzed by various economic indicators and monetary policy decisions. Central to this environment is the Reserve Bank of Australia’s (RBA) decision to maintain the Official Cash Rate at 4.35% during its December policy meeting, a choice that left many analysts pondering its broader implications.
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As of the latest updates, the Indian Rupee (INR) has encountered significant pressure, especially during the early trades of the European session on a recent Monday. The currency’s decline can be attributed to a combination of factors, predominantly driven by a stronger US Dollar signaling renewed demand, coupled with domestic economic concerns. Market sentiment is
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In a remarkable turn of events, Amazon’s stock recently surged by 2.94%, reaching an all-time high. This significant increase not only showcases the company’s robust performance in the stock market but also reflects the growing confidence among investors. As Amazon continues to innovate and expand its technological capabilities, particularly in artificial intelligence, its stock performance
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The US Dollar (USD) has shown remarkable strength in recent months, primarily driven by investor optimism fueled by economic policies stemming from the Trump administration. As we look forward to 2025, many investors are betting on the USD’s continued dominance. However, a prevailing concern looms over this bullish sentiment: the potential for a position-driven correction
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Understanding the intricacies of market movements necessitates a solid grasp of technical analysis, and Elliott Wave Theory stands as one of the more compelling frameworks within this domain. The IBEX 35 index, representing the largest publicly traded companies in Spain, serves as an interesting case study in this analysis. Recent evaluations indicate a bullish trend
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On Thursday, gold prices in India demonstrated a downward trend, reflecting the dynamic nature of the global commodities market. Data calculated by FXStreet indicated that the price of gold per gram dropped to 7,210.99 Indian Rupees (INR), a decrease from the previous day’s value of 7,218.56 INR. Furthermore, the price per tola, a traditional unit
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On Wednesday, the Indian Rupee (INR) maintained equilibrium against major currencies during the Asian trading session, following an unsettling downturn that saw it hit an all-time low. Multiple factors contribute to the INR’s current state, surrounding its vulnerability in the face of global economic shifts. Disappointing Gross Domestic Product (GDP) growth figures in India, significant
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In Wednesday’s trading, the GBP/USD currency pair demonstrated notable strength by recouping losses and decisively crossing the psychological barrier of 1.2600. This development signals that the British pound is gathering momentum as it gears up for a potential ascent toward the next significant milestone at 1.2700. The resilience of GBP in the forex market is
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