forex for beginners
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USD/CHF Price Analysis: Surges above 0.9000 as bulls eyeing 50-day EMA
USD/CHF climbs above the 0.9000 figure, eyeing a 50-day Exponential Moving Average (EMA) test at 0.9025 after printing a bullish hammer in the daily c
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USD/CAD Price Analysis: Bears are testing bullish commitments at trendline support
USD/CAD has ranged between a low of 1.3484 and a high of 1.3548 on the day. The bears are in the market and attempting to break down the bullish trend
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Oil price rallies after US macro-data beat, bullish triangle forms
Oil price trades marginally higher on Tuesday, continuing its recovery from the poor open at the start of the week. Financial markets in general suffe
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USD/MXN rallies near the 18.00 psychological barrier amidst Mexico’s asset nationalization
USD/MXN reached a new three-week high at the brisk of the psychological 18.0000 barrier, at around 17.9976, sponsored by several factors. Firstly, the
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USD/JPY bears in the market and eye break of support structure
USD/JPY touched a six-month high of 139 in the Asian session on Tuesday whereby talks over a debt-ceiling deal in the US risk running into a brick wa
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United States 2-Year Note Auction: 4.3% vs 3.969%
United States 2-Year Note Auction: 4.3% vs 3.969%
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GBP/USD slide continues on US debt-ceiling woes, UK's weak business activity
GBP/USD drops extending its losses past the 20-day Exponential Moving Average (EMA), as a risk-off impulse triggered a flight to safety, favoring the
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Gold Price Forecast: XAU/USD slips amid US debt ceiling uncertainty, US equities tumble
Gold price is trimming some of its earlier losses, though stills trading negative in the day, down 0.06%, as US Treasury bond yields rise due to uncer
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Gold Price Forecast: XAU/USD likely to be ultimate safe haven in event of US default – Commerzbank
Gold price slumped significantly last week. However, the growing risk of a US default is set to underpin the yellow metal, economists at Commerzbank r
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US House Speaker McCarthy: We are nowhere near a deal yet
“I need you all to hang with me on the debt limit, we are nowhere near a deal yet,” US House Speaker Kevin McCarthy told House Republicans during a cl
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US: New Home Sales rise 4.1% in April vs. 3.3% expected
Sales of new single‐family houses rose 4.1% in April to a seasonally adjusted annual rate of 683,000, the data published jointly by the US Census Bure
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Period of stagnation or downturn to lift the US Dollar – Crédit Agricole
Expectations of global economic stagnation could boost the US Dollar, according to economists at Crédit Agricole. US debt-ceiling resolution could res
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Hawkish RBNZ may encourage AUD/NZD to extend its recent decline – Rabobank
Economists at Rabobank discuss AUD/NZD outlook ahead of the Reserve Bank of New Zealand (RBNZ) meeting. AUD/NZD to turn higher over the medium-term “H
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GBP/USD seen underperforming further over the short-term driven by policy divergence expectations – MUFG
UK inflation will be in focus this week and MUFG Bank’s GBP bias has turned more neutral too given scope for lower inflation than the BoE expects. UK
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United States Richmond Fed Manufacturing Index came in at -15, below expectations (-10) in May
United States Richmond Fed Manufacturing Index came in at -15, below expectations (-10) in May
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United States New Home Sales Change (MoM) registered at 4.1% above expectations (3.3%) in April
United States New Home Sales Change (MoM) registered at 4.1% above expectations (3.3%) in April
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United States New Home Sales (MoM) above forecasts (0.665M) in April: Actual (0.683M)
United States New Home Sales (MoM) above forecasts (0.665M) in April: Actual (0.683M)
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USD/JPY Price Analysis: Consolidates near YTD peak, seems poised to appreciate further
The USD/JPY pair consolidates its recent strong gains to the 139.00 neighbourhood, or a fresh YTD peak touched this Tuesday and seesaws between tepid
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EUR/USD: Daily pullback meets initial contention near 1.0760
EUR/USD loses further ground and slips back to the area of monthly lows around 1.0760 on Tuesday. EUR/USD pokes with May lows near 1.0760 EUR/USD main
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US: S&P Global Manufacturing PMI drops to 48.5, Services PMI improves to 55.1 in May
The business activity in the US private sector expanded at a strengthening pace in early May with the S&P Global's Composite PMI rising to 54.5 from 5
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Reserve Bank of New Zealand: Banks Preview, more surprises in store?
The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, May 24 at 02:00 GMT and as we get closer to the releas