Broad
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NZD/USD plummets to its lowest level since November, seems vulnerable while below 0.6000
A combination of factors drags the NZD/USD pair to a fresh YTD trough on Thursday. Rising bets for a rate cut by RBNZ in July weigh on the Kiwi amid a softer risk tone. Sustained USD buying exerts additional pressure and contributes to the ongoing slide. The NZD/USD pair comes under heavy selling pr
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USD/MXN: Unlikely to hold below 16.50 levels – ING
Economists at ING are fearful the Mexican Peso (MXN) is starting to become a little too strong. Peso to hold gains despite start of Banxico easing Banxico has just started its easing cycle with a 25 bps rate cut to 11.00%. It has not provided much forward guidance – probably because it requires flex
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GBPUSD H4 25 March 2024
#GBP/USD# GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have
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A still-weak JPY after the first rate hike should also motivate BoJ to hike further – Standard Chartered
The Japanese Yen (JPY) weakened on the same day as the BoJ’s rate hike. Economists at Standard Chartered note that the BoJ may draw confidence from observing the JPY’s movements. The JPY's current weakness is a double-edged sword Achieving JPY appreciation vs. the USD would require a narrower intere
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Gold: $2,147 support in a vulnerable position
Following another all-time high for the yellow metal last week at $2,223, the tail end of the week witnessed a moderate correction. There’s no denying that the yellow metal is exhibiting an uptrend and has been since pencilling in a bottom around the $1,614 area in late 2022. Knowing we have a clear
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Pound drops to one-month low after flat Retail Sales
The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.2600, down 0.45%. Earlier, the pound fell as low as 1.2584, its lowest level since March 20. UK Retail Sales unchanged in February UK retail sales were flat in February, after a revised 3.6% gain (m
Pull-up Update