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USD/JPY: The yen surges 500 points in a dramatic turn – London Business News
The Japanese yen saw a significant recovery today, bouncing back from its lowest level against the US dollar since October 1986. The currency rose approximately 500 points from…
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Pound Sterling stays below key resistance levels
The Pound Sterling (GBP) has reached a two-week high against the US Dollar (USD) near 1.2550 in Monday's London session. This increase is attributed to positive market sentiment…
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AUD/USD Forex Signal Today – 29/04: Very Bullish (Chart)
The AUD/USD pair is showing a bullish view, with a recommendation to buy and set a take-profit at 0.6580, adding a stop-loss at 0.6500 within a 1-2 day timeframe. On the other…
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USD/CAD Outlook: Oil Price Drop Weighs on Canadian Dollar
Oil prices dropped by nearly 1% on Monday amidst discussions of a ceasefire in the Middle East conflict. This development led to reduced concerns among investors regarding a…
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Germany’s inflation rate unchanged at 2.2% in April (EUR:USD)
In April, Germany's consumer price inflation remained steady at 2.2%, the lowest level since May 2021 and slightly below market expectations of 2.3%. The Consumer Price Index in…
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How high can the pound to Japanese yen pair go?
The GBP/JPY exchange rate reached a multi-decade high of 196.14 following the Bank of Japan's decision to leave interest rates unchanged at 0%. The Japanese yen has weakened…
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Pound to Euro Forecast For Week Ahead: Where Next for GBP/EUR?
On April 28, 2024, experts predict that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 by the end of the year due to anticipated interest rate cuts by the Bank of…
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USD/CHF falls from 0.9100 after downbeat US Services PMI
USD/CHF is facing selling pressure near 0.9100 as the US Dollar weakens on disappointing ISM Services PMI data. The Services PMI fell to 51.4, below expectations, causing the…
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NZD/USD holds recovery to 0.5900, strong US Dollar limits upside
The NZD/USD pair has reached 0.5900 as the RBNZ is anticipated to shift towards rate cuts following the Fed's actions. The USD Index is on the rise due to the strong US economic…
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Extends its upside above 166.50 amid the overbought condition
EUR/JPY continues its upward trend, reaching a high of 166.85 on Thursday, the highest level seen since 2008. The cross remains bullish, supported by the overbought RSI condition.…
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