forex for beginners
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Oil price declines on fears debt-ceiling deal could be derailedOil price slides lower on Tuesday as investors question whether the debt-ceiling deal will get voted into law. At least two rebel Republicans and one
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WTI plunges over 4% as debt-ceiling concerns and mixed messages from producers weighWestern Texas Intermediate (WTI), the US crude oil benchmark plummets for the second straight day by more than 4%, spurred by woes about whether the U
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EUR/USD rebounds as Eurozone inflation cools, US consumer confidence dropsEUR/USD snaps five straight days of losses, rising some 0.30% in the North American session after a tranche of Eurozone (EU) economic data showed that
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Another robust NFP report would encourage a stronger USD in the near-term – MUFGEconomists at MUFG Bank expect a strong Nonfarm Payrolls report on Friday to provide further support to the greenback. Focus to switch to health of US
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United States Dallas Fed Manufacturing Business Index came in at -29.1, below expectations (-19.6) in MayUnited States Dallas Fed Manufacturing Business Index came in at -29.1, below expectations (-19.6) in May
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USD Index: Soft close would imply a peak in the short run at least and greater downside risk – ScotiabankThe USD is trading lower. Economists at Scotiabank analyze US Dollar Index (DXY) technical outlook. DXY is breaking below rising trend support that ha
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Gold Price Forecast: XAU/USD extends rebounds from two-month low, hits fresh highs above $1,960Gold price is rising considerably on Tuesday, supported by a decline in government bond yields. XAU/USD hit a fresh daily high at $1,962 before pullin
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US: CB Consumer Confidence Index declines to 102.3 in May from 103.7 in AprilConsumer sentiment in the US weakened slightly in May with the Conference Board's Consumer Confidence Index edging lower to 102.3 from 103.7 in April
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EUR/USD to rise towards 1.09-1.10, USD/JPY to fall towards 133-134 over next three months – Standard CharteredEconomists at Standard Chartered expect the US Dollar to weaken against the Euro and the Japanese Yen. Pressure on BoJ to scrap policy unlikely to go
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EUR/GBP drops to new 2023 lows around 0.8630Further strength in the British pound dragged EUR/GBP to new YTD lows in the 0.8630/25 band on Tuesday. EUR/GBP weaker on GBP-buying EUR/GBP retreats
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NZD/USD struggles to capitalize on modest intraday recovery from multi-month lowThe NZD/USD pair stages a goodish intraday bounce from the 0.6025 area, or its lowest level since November 2022 touched this Tuesday and touches a fre
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USD/CAD: There is not really much evidence of a reversal in intraday/daily chart patterns – ScotiabankLoonie makes marginal headway after the 1.3660 test. Economists at Scotiabank analyze USD/CAD technical picture. Break below 1.3560 should see losses
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Tesla Stock News: TSLA breaks above $200 as Elon Musk visits ChinaTesla (TSLA) stock has overcome a major psychological barrier to start the week with shares overcoming the $200 level early Tuesday. A number of tailw
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US: Housing Price Index rises 0.6% in March vs. 0.2% expectedHouse prices in the US rose by 0.6% on a monthly basis in March, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday
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EUR/USD: Gains could extend a bit more towards 1.0775/1.0825 – ScotiabankEconomists at Scotiabank analyze EUR/USD technical outlook. Technicals look favourable “Intraday trading patterns are positive for the EUR.” “Spot’s s
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United States Housing Price Index (MoM) above expectations (0.2%) in March: Actual (0.6%)United States Housing Price Index (MoM) above expectations (0.2%) in March: Actual (0.6%)
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United States S&P/Case-Shiller Home Price Indices (YoY) came in at -1.1%, above expectations (-1.6%) in MarchUnited States S&P/Case-Shiller Home Price Indices (YoY) came in at -1.1%, above expectations (-1.6%) in March
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USD/CAD flat-lines below 1.3600 mark as sliding Oil prices offset modest USD weaknessThe USD/CAD pair attracts some intraday selling on Tuesday and drops to a four-day low during the early North American session. Spot prices, however,
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Dollar Turns to US Employment Report for More FuelThe US dollar has been firing on all cylinders lately, capitalizing on bets that the Fed will raise rates one final time this summer. Yet, Fed...
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Could a Strong Inflation Print Reignite Hawkish RBA Expectations?A week before the monthly RBA meeting and the aussie is trying to recover some of its recent losses. For this tendency to accelerate, it needs a...
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Euro Touches 9 Week Low, German CPI NextSpain’s CPI eases in May German CPI to be released on Wednesday Debt ceiling likely to be approved in Congress EUR/USD has edged higher on...
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WTI Oil: Oil Price Tumbles on Fading Risk SentimentOil fell sharply on Tuesday, losing almost 4% until early US session, as risk sentiment soured on fresh concerns about the US debt ceiling deal,...
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US consumer confidence fell to 102.3, employment saw most significant deteriorationUS Conference Board Consumer Confidence dropped from 103.7 to 102.3 in May, but beat expectation of 99.1. Present Situation Index fell from 151.8...
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Sterling Jumps Broadly While Dollar Retreats as Month-End Trading Sets inDollar appears to be taking a breather, experiencing a broad decline in month-end trading as it reverses some of its recent gains. The initial...
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GBPUSD breaks (and stays) above 200 hour MA todayThe GBPUSD is surging to the upside in trading today, and in the process has seen the price extend above its 200-hour moving average at 1.23905....
Top Articles
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...