USD/CAD Holds Strong near One-Week High despite Falling Oil Prices
Oh, snap! The USD/CAD pair is holding its own near a one-week high as oil prices take a major tumble. The Loonie is feeling the pressure and lending support to the pair, while a slight USD downtick is keeping things…
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Brace Yourself for the Roller Coaster Ride – UOB Forecasts a Dip in the EUR/USD Currency Pair
If you're a Forex trader, buckle up for a wild ride! The United Overseas Bank (UOB) has thrown a curveball into the EUR/USD currency pair game, predicting that it's about to take a dip in the short term. So, what…
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How to Use Moving Averages for Profitable Forex Trading?
Are you tired of boring and confusing forex trading strategies? Look no further, because we have an exciting and effective tool to share with you - moving averages! Moving averages are like the cool kids of technical analysis. They're popular,…
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New Zealand Q1 CPI Inflation Expected to Rise to 1.7%: Insights from TDS
Hold on to your hats, Kiwi watchers! The quarterly consumer inflation figures from New Zealand are due during the Asian session on Thursday, and the team at TD Securities (TDS) has some spicy predictions. They're expecting Q1'23 CPI inflation to…
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US Dollar Rebounds with Boost from Rising Bond Yields: A Look at the Market Movers and Fed’s Impact
The US dollar has bounced back following a dip on Tuesday. Despite a lack of major US economic data, the rise in US Treasury bond yields is thought to be helping boost the USD. Moreover, as a safe-haven asset, the…
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