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Forex News

Canadian Dollar lurches higher on easing market tensions
The Canadian Dollar surged against its U.S. counterpart as easing market tensions fostered a more optimistic economic outlook. Analysts noted that improved investor sentiment and rising oil prices contributed to…
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EUR/GBP Price Analysis: Momentum extends as pair nears 0.8475
The EUR/GBP currency pair continues to build momentum, approaching the key resistance level of 0.8475. Analysts suggest that a sustained breach above this level could signal further gains for the…
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EUR/USD surges as Trump’s presidential memo lacks immediate tariff imposition
The EUR/USD exchange rate surged following news that former President Trump’s memo does not mandate immediate tariffs on imported goods. This development eased market fears, prompting a rally in the…
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Pound Sterling gains against US Dollar ahead of Trump’s return to White House
The Pound Sterling has risen against the US Dollar as markets anticipate former President Donald Trump’s potential return to the White House. Analysts suggest that his political comeback could shift…
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AUD/USD: Set to trade in a 0.6165/0.6220 range – UOB Group
UOB Group forecasts the AUD/USD exchange rate to oscillate between 0.6165 and 0.6220 in the coming days. This range reflects ongoing market volatility and traders’ caution amid global economic uncertainties.…
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Gold price flat lines above $2,700; downside seems limited amid reviving Fed rate cut bets
Gold prices have stabilized above $2,700, with analysts noting a limited downside potential. This stability comes amid emerging expectations for Federal Reserve rate cuts, which could bolster demand for the…
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FX option expiries for Jan 20 NY cut
FX option expiries for the January 20 New York cut are set to impact market dynamics as traders adjust positions ahead of the deadline. The expiries, notably in EUR/USD and…
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Japanese Yen builds on steady intraday ascent; USD/JPY slides further below 156.00
The Japanese Yen continued its steady rise in intraday trading, pushing the USD/JPY further below the critical 156.00 mark. This trend highlights investor confidence in the Yen amid shifting market…
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Australian Dollar gains ground amid rising metals prices, PBoC keeps LPRs unchanged
The Australian Dollar strengthened as rising metals prices bolstered demand for the currency. Meanwhile, the People’s Bank of China kept its Loan Prime Rates (LPRs) unchanged, signaling stability amid ongoing…
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Gold Price Forecast: XAU/USD attracts some sellers below $2,700, eyes on Trump’s inauguration
Gold prices face pressure as XAU/USD dips below $2,700, attracting sellers amid market speculation. As former President Trump’s inauguration approaches, investors are closely monitoring potential impacts on gold’s safe-haven appeal.
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Canadian Dollar slumps back into multi-year lows
The Canadian dollar has fallen back to multi-year lows, driven by weak commodity prices and economic uncertainty. Analysts warn that persistent inflation and declining exports could further pressure the loonie…
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NASDAQ100: Are new all-time highs around the corner?
As the NASDAQ 100 approaches key resistance levels, analysts speculate if it will breach previous all-time highs. Factors such as tech earnings and macroeconomic trends could play pivotal roles in…
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