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Key data and geopolitical risks could shape the dollar’s next move. Recent volatility signals shifting dynamics for the greenback. However, the bullish outlook seems to be intact ahead of thin...
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the...
Positive News From the Middle East Brought Down Gold Gold (XAU/USD) reached the resistance level of $2,740 on Friday, rocketing by 1.74%. However, the price has decreased sharply by more than 1.5%...
The EUR/USD is recovering a little after its mini collapse on Friday. However, further eurozone confidence data this week could still spell trouble and tilt the market towards a 50bp ECB cut in...
EUR/USD sold off to 1.0332 earlier on Monday after weak Eurozone economic data led traders to raise their bets on a big rate cut by the ECB. This drop comes on the back of a bigger selloff from...
Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market...
Although EURUSD had already fallen below the key historical level of 1.05 on Thursday, the weak PMI figures led to a further capitulation of buyers and a subsequent 1.5% fall in the single...
Friday's release of softer-than-expected eurozone PMIs have proved the catalyst for EUR/USD to break to the downside of its two-year trading range. Even though a near 7% drop in just two months is an...
A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs...
Gold Grows for the Fifth Consecutive Day Gold (XAU/USD) grew by 0.73% on Thursday as investors turned to safe-haven assets amid increasing geopolitical risks. Earlier this week, Ukraine launched its...
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