Sterling Depreciates on Weak Economic Data
In recent times, the British pound has experienced a notable downturn, as the sterling depreciates towards $1.28, moving further away from its 15-month high of $1.314 reached on July 14. The currency's swift decline has garnered significant attention from market…
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US Dollar Forecast: Can Powell Halt the Impressive USD Resurgence?
In the context of the US Dollar forecast, there has been a notable resurgence of the US Dollar (USD), displaying strength against weaker G7 currencies. The Dollar Index (DXY) witnessed a lift as major counterparts, such as the euro, pound…
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Dreadful German PMI Sends EUR/USD Below 1.11 – ECB Rate Decision in Focus
The eurozone is facing mounting concerns as the recent release of dreadful German (PMI) Purchasing Managers' Index data has sent shockwaves through the financial markets. The EUR/USD pair dipped below the critical support level of 1.11, reflecting the growing apprehension…
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Volatile Outlook: Fed and ECB Meetings Put EUR/USD at a Crossroads Amid Positive Retail Sentiment
As we approach the next trading week, all eyes are on the upcoming policy meetings of two powerful central banks - the Federal Reserve (Fed) and the European Central Bank (ECB). The outcome of these meetings and the decisions made…
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Mastering Head and Shoulders Pattern in Technical Analysis: A Comprehensive Guide to Predicting Bearish Reversals
Introduction In the dynamic and ever-evolving world of financial markets, traders face constant challenges in predicting price movements and making profitable decisions. As market conditions change rapidly, technical analysis emerges as a vital tool for investors and traders alike. Among…
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