Summary of Last Week’s Trends in Forex Market.
Last week, the US dollar was stronger versus all major currencies. In both the EUR and the GBP, the dollar hit fresh highs for the year. On Friday, the EUR/USD hit a fresh low (high USD) of 1.14323. The pair…
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Deregulation of Forex market and its advantages
The largely uncontrolled forex market allows traders to effortlessly trade with the trend. Traders trade regardless of whether it is going up or down. Stock market traders, are frequently forced to consider other aspects as compared to forex market traders.…
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Turkish Lira sunk to record low against the US Dollar.
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…
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Gold Prices Soar Amid Rise in USD
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…
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Dollar: Forex Updates For November 11, 2021
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…
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