forex for beginners
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Brent Crude Oil to retrace back to the yearly lows during Q4 2023 and Q1 2024 – Rabobank
Economists at Rabobank analyze Oil’s outlook ahead oft the decision by OPEC+ on production quotas on Thursday.
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Euro remains bid and near 1.0960 prior to ECB Lagarde
The Euro gives away initial gains against the US Dollar, motivating EUR/USD to surrender part of the earlier advance to the 1.0960 zone at the...
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EUR/USD: It is marginally relevant for the Euro whether ECB interest rates rise or fall – Commerzbank
Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes how recent comments from ECB officials could impact the Euro.
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USD/JPY: Decline to continue on failure to cross 152 resistance – SocGen
USD/JPY remains just below 150. Economists at Société Générale analyze the pair’s outlook.
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EUR/GBP: A close under 0.8660 could unlock 0.8630 or even 0.8600 – ING
Sterling has been performing a little better of late. Economists at ING analyze GBP outlook.
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Dollar’s drop might have come far enough for the time being – ING
The Dollar is hovering near recent lows. Economists at ING analyze USD outlook.
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GBP/USD consolidates above 1.2600 on hawkish BoE members, awaits US data
GBP/USD moves sideways around 1.2610 during the European session on Monday.
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EUR/SEK could target a return to 11.55 – SocGen
EUR/SEK remains slightly above 11.40. Economists at Société Générale analyze the pair’s outlook.
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Gold Price Forecast: XAU/USD hovers above $2,010 on weaker US Dollar
Gold price maintains its position above $2,010 per troy ounce during the European session on Monday.
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EUR/USD set to correct to the 1.0825/1.0850 area this week – ING
EUR/USD remains well bid. Economists at ING analyze the pair’s outlook.
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EUR/USD: Month-end equity rebalancing flow could hasten move to 1.10 – SocGen
EUR/USD rose above the 1.09 mark and maintains a bid tone to start the week.
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USD/JPY extends losses on Fed’s dovish tone, moves below 149.00
USD/JPY lowers by almost 0.30%, trading near 148.90 during the early European session on Monday.
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China holds Communist Party's Politburo meeting on Monday
China held the Communist Party's Politburo meeting on November 27, with the key takeaways noted below.
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USD Index extends the decline and approaches 103.00
The USD Index (DXY), which tracks the greenback vs. a basket of its main rival currencies, faces extra selling pressure and drops to the area of...
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BoJ’s Ueda: Cannot say with conviction that inflation will hit 2% sustainably
Bank of Japan (BoJ) Governor Kazuo Ueda continued to dismiss expectations of Japan sustainably achieving the 2% price target.
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Bailey speech: Bringing inflation down to 2% will be hard work
In an interview with Chroniclelive on Monday, Bank of England (BoE) Governor Andrew Bailey said that “bringing inflation down to 2% will be hard...
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Forex Today: US Dollar struggles despite a cautious start to the inflation week
Here is what you need to know on Monday, November 27: Major currency pairs extend their range play into Monday, as investors refrain from placing...
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NZD/USD should be able to appreciate moderately over the course of 2024 – Commerzbank
The NZD has lost some ground against the US Dollar since the beginning of the year.
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Dollar Index Outlook: Bears Crack Pivotal Support Zone
The dollar index keeps bearish stance at the beginning of the week and cracks the upper boundary of pivotal 103.11/102.84 support zone (50%...
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Australian Dollar Extends Gains, Retail Sales Next
Australian dollar extends gains Australian retail sales expected to decelerate to 0.1% The Australian dollar has extended its gains at the...
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Has Inflation Fire Been Extinguished by ECB?
Key data releases on the menu as the ECB meets in two weeks ECB officials have been toning down their hawkish commentary The euro would...
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Cryptocurrency Traders Pause after Growth
Market picture Crypto market capitalisation was near $1.42 trillion on Monday morning, roughly where we saw it a week earlier. Failure to...
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EURUSD Regains Traction After Mild Pullback
EURUSD attempts a strong rebound from 2023 lows Posts a fresh 3-month high before paring some gains Momentum indicators endorse a resumption...
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GBP/USD Rallies While EUR/GBP Slides Below Support
GBP/USD is gaining pace above the 1.2575 resistance. EUR/GBP declined heavily below the 0.8720 and 0.8695 support levels. Important Takeaways...
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Gold Settles Above 2,000 Due to Dollar’s Weakness
The gold (XAU) price rose by 0.5% on Friday and finished the day above the important 2,000 mark for the first time since 27 October. XAUUSD...