Month: October 2021

Aussie extends gains after jobs report

The Australian dollar continues to post gains this week. AUD/USD has punched above the 0.74 line, and is currently trading at 0.7413, up 0.48% on the day. The Aussie has not had a losing daily session this week, and the currency is up 1.48% on the week. Australian jobs...
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NZ dollar soars, breaks 70 line

New Zealand dollar pummels greenback The New Zealand dollar has surged higher on Thursday and is currently trading at 0.7030, up 1.00% on the day. The currency has extended the previous day’s gains of 0.51%, as the US dollar finds itself in retreat mode. The US dollar index fell...
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The Fate of Turkey’s Battered Lira Hangs With Local Investors

The Turkish lira risks falling out of favor with local investors, compounding a depreciation that’s dragged the currency to successive record lows over the past month. So far, they’ve helped take the edge off the rout, selling more than $5 billion of their foreign-currency deposits in the three weeks through Oct....
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GBPUSD Price May Break Up $1.37 Resistance Level

GBPUSD Price Analysis – October 14 When the bulls’ pressure increase, the price will penetrate the resistance level of $1.37 and may touch $1.38 and $1.39 price level. In case the resistance level of $1.37 holds, the price may pull back and face the support level of $1.36, $1.35...
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Dollar Down, Set to Break Upward Trend as Risk Appetite Returns

The dollar was down on Friday morning in Asia, set for its first weekly decline since the start of September. It retreated from a one-year high as investors focus on when the U.S. Federal Reserve will start to hike interest rates. The U.S. Dollar Index that tracks the greenback against a basket of...
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Dollar Loses Ground Against Other Currencies Following Inflation Data

The dollar slide continued Wednesday following consumer price index data that showed a continued rise in prices, increasing market expectations for a potential rate hike.  The inflation rate for September was reported at 0.4%, coming in above the expected 0.3% figure. The year-on-year inflation rate rose to 5.4%, again beating expectations...
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GBP/JPY – Breakout rally losing momentum

Can it break 2021 highs? Last weeks breakout following a long period of consolidation has seen GBPJPY make strong gains to the upside and it’s about to face its first big test. The…...
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Binance To Remove Yuan From P2P Platform In December 2021

Binance cryptocurrency exchange officially said on October 13, 2021, that the firm will delist the Chinese yuan (CNY) from its peer-to-peer (P2P) trading platform on December 31. Together with terminating yuan trading pairs, Binance will continue to also restrict access to its platform for users from mainland China. The...
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