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On Friday, the Turkish Lira fell to its third all-time low in many days. It was hovering near the critical threshold of 10 to the dollar. As a result there were fears that the central bank may cut rates again…

Gold prices rose overnight as traders absorbed the United States' considerably hotter-than-expected inflation data. The October consumer price index (CPI) showed the highest annual rate of inflation in more than 20 years. It was at 6.2% year on year. This…

Dollar extends post-CPI gainsEUR/USD is making fresh lows on the day, down to 1.1460 while GBP/USD has slumped to its lowest since December last year in a drop to 1.3385. Elsewhere, USD/CAD is also up to fresh one-month highs of…

Everyone enters the forex market for a variety of reasons. These can range from pure fun to becoming a professional trader. Trading forex is not a quick way to become rich. Excessive leverage has the potential to transform winning tactics…

The GBP/USD pair broke out of its intraday consolidative trading range. It plummeted to two-day lows in the 1.3520-15 zone. GBP/USD saw some selling on Wednesday. It was amid resurgent USD demand. Rebounding US bond rates and a lower risk…