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Dollar drives higher as Fed’s Waller warns of continued patience
FTSE 100 leads the way despite confirmed recession. German economy continues to struggle. Dollar drives higher as Fed’s Waller warns of continued patience. The FTSE 100 has raced ahead in early trading this morning, catching the eye in a session that has seen European markets follow on from the upbe
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USD/CHF advances to near 0.9060 on risk aversion, subdued Swiss Leading Indicator
USD/CHF gains ground on risk-off sentiment ahead of US data. US GDP Annualized is expected to remain consistent at 3.2% in the fourth quarter of 2023. KOF Swiss Leading Indicator declined to 101.5 in March from a revised 102.0 in February. USD/CHF moves higher to near 0.9060 during the early Europea
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Forex Today: Subdued action continues heading into Easter holiday
Here is what you need to know on Thursday, March 28: Major currency pairs continue to fluctuate in familiar ranges in the second half of the week. Before markets go into the Easter holiday on Friday, the US economic docket will feature weekly Jobless Claims, February Pending Home Sales and the Unive
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Gold price rises on firm Fed rate cut projections, US core PCE inflation eyed
Gold price jumps higher as expectations that the Fed will cut interest rates in June remain firm. The Fed appears to be confident that inflation is easing toward the 2% target. Investors await the US core PCE inflation for fresh guidance. Gold price (XAU/USD) soars to $2,200 in Wednesday’s European
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MetaTrader 4 Forex Trading Explained by JRFX
MetaTrader 4 Forex Trading. When it comes to forex trading, having the right platform can make all the difference. MetaTrader 4 (MT4) is a powerful and versatile platform that is widely used by traders around the world. In this article, we will explore how MetaTrader 4 works and how JRFX enhances th
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Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February
The Federal Reserve Bank of Chicago released a report on Monday showing an unexpected increase by its index of U.S. national economic activity. The report said the Chicago Fed National Activity Index rose to a positive 0.05 in February from a revised negative 0.54 in January, with a positive reading
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Hang Seng Index: Potential currency war may kick start another bearish leg
A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March. China’s central bank, PBoC responded with a lower-than-expected daily fixing on the onshore yuan (CNY) last Friday, 22 March which led the offshore yuan (CNH) to plunge by -0.8% aga
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