Daily Updates Archives - Page 45 of 111

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Get Ready to Ride the Bull: UOB Group Experts Target 134.80 for USD/JPY

by admin · April 18, 2023 ·

Forex experts at UOB Group, including Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, have identified a bullish trend in the USD/JPY currency pair, with upward momentum ...

Global Oil Demand to Rise by 2.32 Million bpd in 2023, According to OPEC

by admin · April 13, 2023 ·

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The world's energy market is always in flux, and according to OPEC's latest monthly report, the global oil demand growth forecast for 2023 remains unchanged at a whopping 2.32 million ...

USD/CAD nears 2-month low as bears target 200-day SMA below 1.3400

by admin · April 13, 2023 ·

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The USD/CAD pair is under selling pressure for the fourth consecutive day, dropping to a nearly two-month low on Thursday. Bears are eagerly awaiting a breakthrough of the important 200-day ...

UK Economy Stalls as GDP Remains at 0% for February

by admin · April 13, 2023 ·

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The British economy has hit a roadblock, with the February 2021 UK Gross Domestic Product (GDP) monthly release reporting a stagnant 0% growth. This unexpected news has rattled traders, especially ...

NZD/USD to Remain Range-Bound in Short-Term, UOB Says

by admin · April 13, 2023 ·

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The latest analysis from UOB Group's economist Lee Sue Ann and markets strategist Quek Ser Leang suggests that the NZD/USD currency pair will be range-bound over the next few weeks, ...

GBP/USD Faces Resistance at 1.2525 Ahead of 1.2600, Warns UOB

by admin · April 13, 2023 ·

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In recent forex analysis, the GBP/USD currency pair has encountered significant resistance at 1.2525, with further resistance predicted at 1.2600 by UOB Group's economists. This marks a notable increase in ...