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U.S. Dollar Extends Decline Following Sharpest Drop Since 2022
The U.S. dollar continued its steep decline in Friday’s Asian trading, following its largest single-day drop in over three years. Mounting economic uncertainty, renewed...
Markets Show Little Concern Over U.S. Tariff Threats, Analyst Warns
Currency market movements indicate a lack of concern over potential U.S. tariffs, according to MUFG Bank strategist Derek Halpenny. In a note to clients,...
Markets React as Powell Dismisses Recession Fears, USD Slips
Global markets saw a positive shift overnight as Federal Reserve Chair Jerome Powell reassured investors that recession risks in the U.S. were "not high"...
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USDCHF Price Sees Intraday Gains – Forecast for March 14, 2025
The USDCHF pair has shown positive movement, trading within a minor bullish channel observed on the chart....
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EURGBP Sees Significant Gains – Forecast for March 12, 2025
The EURGBP currency pair has regained its bullish momentum, breaking above the key resistance level of 0.8315....
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EURNZD Surges with Strong Gains – Forecast for March 10, 2025
The EURNZD pair experienced a significant bullish rally last Friday, breaking above the 1.8880 resistance level of...
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EURJPY Faces Significant Losses, Enters Bearish Territory
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The EURJPY pair has succumbed to a pronounced bearish bias, recently dipping below the 61.8% Fibonacci correction level at 160.20. This decisive move confirms...
Technical Analysis: GBPJPY Capitalizes on Positive Momentum
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The GBPJPY pair has effectively shaken off the influence of corrective bearish pressures, notably encountering the MA55 at 183.23. A noteworthy development is the...
Technical Analysis: CHFJPY Shows Persistent Positive Momentum
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The CHFJPY pair has demonstrated a continuation of positive closings, maintaining a favorable stance above the additional support at 166.70. This positive stability has...
GBPJPY: Correctional Decline Continues
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The GBPJPY pair has affirmed its adherence to the corrective bearish bias by touching the 186.42 level, nearing the anticipated downside target. This bearish...
EURJPY: Bearish Momentum as Support Breaks at 161.70
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The EURJPY pair has successfully breached the support line of the bullish channel at 161.70, signaling a shift towards the bearish track, reaching the...
Hedge Funds Halve Bullish Dollar Bets as Rate Cut Expectations Soar: McGeever
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Hedge funds have significantly scaled back their optimism on the dollar, slashing net long positions against major and emerging currencies by $5.5 billion, the...
Asian Currencies Surge on Fed’s Potential Pivot; New Zealand Dollar Gains Ground on RBNZ’s Hawkish Outlook
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In a significant turn of events, the majority of Asian currencies experienced an upswing on Wednesday, fueled by less hawkish signals from Federal Reserve...
Asia FX Sees Gains as Dollar Hits 3-Month Low on Easing Fed Hike Fears
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In recent trading sessions, most Asian currencies have advanced, driven by the increasing belief that the Federal Reserve has concluded its interest rate hikes,...
Currency Market Update: Dollar Softens to November Low, Yen Gains in Market Adjustment
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In the latest developments in the currency market, the US dollar has experienced a dip, reaching its lowest point for November. The Bloomberg Dollar...
GBPJPY Encounters Resistance, Faces Potential Correction
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The GBPJPY pair recently achieved the previously indicated positive targets, reaching 188.65, where it encountered a substantial barrier. This led to a swift correctional...
EURJPY Seeks New Momentum Amidst Temporary Correction
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The EURJPY pair recently approached its second positive target at 163.80, but experienced a downturn influenced by a stochastic decline toward the 50 level....
Sterling’s Retreat Against Yen Reflects Anticipation of BoJ Policy Shift
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In the realm of Asian trading, the British pound initially surged to its highest level against the Japanese yen in over a week, peaking...