Month: July 2023

Share: GBP/USD rallied to a 15-month high of 1.2934 after a solid employment report in the United Kingdom (UK) increased the chances the Bank of England (BoE) will need to raise rates further. That, alongside broad US Dollar (USD) weakness, underpinned the GBP/USD pair. The GBP/USD trades at 1.2923 after hitting a daily low of 1.2853. Read More….
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Japan PPI, AKA Corporate Goods Price Index, for June 2023. This is ‘wholesale’ level inflation, the price that firms charge each other for products. -0.2% m/m expected +0.2%, prior -0.7% +4.1% y/y expected 4.4%, prior 5.1% This data point is from the Bank of Japan. A piece in the Niklkei today cites an expected policy
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British Pound sees a broad rally today, fueled by robust wage growth, indicating that secondary inflationary pressure remains persistent, which will likely force BoE to continue tightening. In contrast, Euro fell sharply due to plunging economic sentiment, leading to a downside breakout in EUR/GBP, resuming its recent downward trend. As it stands, Yen remains the
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Bullion traded negative in the opening trade on Tuesday amid weakness in Dollar Index (DXY) that led to rupee appreciation. A weaker dollar aids importers of bullion as the dollar-priced commodities become cheaper, denting the prospects of bullion prices on the exchanges. In the physical markets, prices are expected to come down. The DXY fell
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Dollar’s selloff gained momentum in today’s Asian trading session, breaking through near-term support levels against Euro and Sterling. The market remains skeptical about the possibility of Fed implementing two or more rate hikes this year. With US CPI release scheduled for tomorrow, traders appear to be positioning themselves for potential downside surprises. Meanwhile, major US
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In this video I go over how to use metatrader 4 for beginners in a step by step form. This is an updated 2023 version for anyone learning how to forex trade. My FX Broker: https://www.hugosway.com/?cmp=4z7y8r5d&refid=32228&utm_source=partner&utm_campaign=32228 How To Use METATRADER 4 STEP BY STEP For Beginners 2023 | METATRADER 4 FOREX TRADING Tutorial Thank you
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Share: AUD/USD retreats from intraday high but reverses the week-start losses. Australia’s Westpac Consumer Confidence match upbeat forecasts for July, NAB figures came in firmer for June. US inflation expectations join downbeat NFP to raise doubts about hawkish Fed talks. Wednesday’s US CPI will be the key as China-linked fears prod Aussie pair buyers. AUD/USD
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