Inaya
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Political turmoil, Bitcoin and the Dollar
Important news for the day Thu, 04th, 14:30 CET US Unemployment claims. French politics In France, much like South Korea, political turmoil continues as widespread protests and strikes persist over contentious government reforms. Public dissatisfaction with leadership decisions has fueled tensions,
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EUR/USD trapped below 1.06
EUR/USD softened on Tuesday, ending a bullish recovery attempt. Final EU PMIs, ECB Lagarde appearance unlikely to move the Fiber needle. US data focus shifts to Fed Chair Powell appearance, Friday NFP jobs print. EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fiber f
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Forex Today: Extra US labour data and Powell to drive the mood
A corrective knee-jerk saw the Greenback relinquish part of Monday’s strong advance amid mixed US yields and despite a positive surprise from the US labour market ahead of further critical data releases. Here is what you need to know on Wednesday, December 4: The US Dollar Index (DXY) faced some sel
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thinking about longer-term trading? here's the scoop
Alright, so we all know trading is about finding your groove. Some of us love the action on the 5-min chart, while others chill with weekly charts. Let's talk about the longer-term stuff, you know, the slow-burn approach. Why Go Long-Term? Less Screen Time: You’re not glued to the charts all day. Ch
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PCE inflation rises to 2.3% in October, but December rate cut still expected
Key points The PCE inflation rate ticked up to 2.3% in October. It is the first increase in the PCE index since July. Some 70% of interest rate traders still anticipate a 25-basis point rate cut in December. The PCE inflation rate rose for the first time since July. Stocks were moving lower on Wedne
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New Zealand: RBNZ delivers another 50 bps cut to OCR at last 2024 meeting – UOB Group
The Reserve Bank of New Zealand (RBNZ) decided to reduce the official cash rate (OCR) by 50 bps to 4.25%. In the accompanying media release, the RBNZ flagged that “annual consumer price inflation has declined and is now close to the midpoint of the Monetary Policy Committee’s 1 to 3 percent target b
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EUR/AUD Price Forecast: Climbs and challenges head-and-shoulders neckline
EUR/AUD trades at 1.6209, marking a second consecutive day of gains, with a daily high of 1.6244. Resistance levels: 50-day SMA at 1.6261, followed by 1.6300, and the 100-day SMA at 1.6365. Support levels: 1.6200, 1.6161 (Nov 7 low), and key psychological level at 1.6100. The EUR/AUD advanced for th
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Pull-up Update