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The currency exchange market has been volatile recently, with the GBP/USD pair showing significant movement. The pair has been heading toward the 1.2000 mark, despite experiencing several losses in the previous week. Currently, the exchange rate stands at 1.2030, reflecting the impact of recent events and decisions made by central banks. The downbeat of the … Read more
Despite a 10% decrease in value from September highs, the future of the US dollar appears uncertain as experts predict further weakening in the coming year. Despite a recent easing of inflation, economic indicators and market trends point to a potentially negative outlook for the world’s most widely traded currency. A range of factors, such … Read more
Norwegian Currency to Rebound Against The USD Experts are predicting a comeback for the Norwegian Krone against the dollar, thanks to the immense wealth generated from the country’s oil production activities. According to market analysts, the market is undervaluing the currency given its recent performance and the significant revenue Norway receives from its energy exports. … Read more
Wednesday sessions saw the euro slightly hitting its highest mark against the United States dollar in about seven months. That comes as the dollar deteriorates ahead of the up-and-coming US inflation stats. The euro climbed to explore its highest region since 31 May, near $1,0766, as market participants forecast that the Federal wouldn’t have to … Read more
Falling Oil Prices and Rising Dollar Value in Financial Market The stock market saw lower stock prices and increased treasury yields, while oil prices fell and the dollar value rose. The decrease in stock prices may have been because of concerns about the termination of China’s COVID policy, leading to an increase in cases worldwide … Read more
Indeed, increased market players have heightened industry competitiveness globally. The financial space remains vibrant. And that makes the always-changing roles of forex brokers puzzling and intricate. That’s not to forget that the past few years have witnessed enormous changes within the industry. Tightened financial policies by global central banks and high inflation have triggered increased … Read more
GBP to USD has an eventful day today. Meanwhile, the United Kingdom CPI data remains the center ahead of Jerome Powell’s speech, economic projects, and Federal Reserve policy decision. It’s an eventful Wednesday morning for GBP-USD, with markets focusing on the UK November inflation stats. Nonetheless, there’s uncertainty about the BoE’s (Bank of England) short-term … Read more
It was a calm session for the United States dollar yesterday, recording a minor upside against top peers (according to the USD Index). Meanwhile, the recent technical report by the research team stated that sellers keeping the state south of the 200d Simple Moving Average would likely mean dominant sellers. That could see short-term and … Read more
The rupee will likely remain range-bound in the upcoming week. Analysts expect trading to continue near current levels unless news about Saudi Arabia’s assistance emerges. The nation’s foreign reserves plunged to the lowest in almost four years. The coming week will likely see the rupee trading range-bound as the dollar sees matching supply and demand. … Read more
Fed Chair Jerome Powel revealed a possible rate-hike pace slowdown. Powell’s speech saw stocks rallying as the dollar tanked. Fed to execute a 50 basis points rate increase in December. It was Fed Reserve’s Chair Jerome Powell to move the financial markets once again. The highly awaited Brookings Institution’s Wednesday speech saw Powell signaling that … Read more
The United States dollar regained its previous rally in the early hours of the European trading session on Friday following the release of another sizzling inflation metric. A Different Direction Meanwhile, the British Pound tumbles from its previous gains as speculations are rife as to the next course of action by the U.K. government. According … Read more
The BOE has hinted at the possible end of its emergency bond-buying following the two-week intervention to shore up the financial market. BOE to End Rescue Efforts on Friday According to a report from the Financial Times quoting insider sources, the BOE has disclosed its readiness to extend its emergency bond purchase to Friday. Meanwhile, … Read more