Forex

Credit Agricole's FAST FX model has identified that the EUR/JPY currency pair is currently overvalued, prompting the bank to recommend a sell trade. The model indicates that the…
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The Japanese yen continued to fall, reaching over 156 yen to the dollar, marking its lowest level in two weeks. This has raised concerns about potential intervention by Japanese…
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The Pound Sterling (GBP) reached a weekly high against the US Dollar (USD) at 1.2600 in Wednesday's London session. The GBP/USD pair remains strong as the US Dollar weakens ahead…
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The AUD/USD has recently encountered strong resistance at around 0.6650, causing its upward momentum to pause. In order to sustain its short-term uptrend, the pair must…
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The following are key talking points in the financial markets: US Consumer Price Index (CPI): The core CPI, excluding energy and food products, rose to 3.8% in March, driven by…
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The EUR/USD is currently trading near its highest level in over a month as traders eagerly await the release of key US inflation data that will impact future Fed policy. The…
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GBP/JPY continued to rise on Tuesday, reaching the 197.00 handle as the market continued to sell off the Japanese Yen. UK labor figures showed some weakness, but the impact was not…
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The Pound to Euro exchange rate remained steady at €1.1628 on Monday, with the Pound showing resilience after stronger-than-expected UK GDP growth in the first quarter of 2024.…
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The USD to CHF rate received support from moving averages (MAs) following a dovish take from the Swiss National Bank (SNB) Chair. The MAs played a significant role in stabilizing…
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The NZD/USD pair is showing signs of growing buying momentum based on the daily RSI and MACD indicators. However, on the hourly chart, there is a gradual reduction in bullish…
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