Category: Forex
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RBA Takes the Lead in the Battle Against Inflation: AUD/USD to Watch
Australian Dollar softening At the start of today’s trading session, the value of the Australian Dollar has slightly declined. Possibility of Additional RBA Rate Increases The Reserve Bank of Australia’s (RBA) most recent rate increase looks to pave the way for more rate increases in the near future. Inflation is still a major concern The […]
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Natural Gas Consolidation Will Continue as Next Week Approaches
Positive Week in Review Setup If prices decisively rebound over this week’s high of 2.66, a positive reversal will occur. Consequently, natural gas starts to have a serious opportunity to go upward once it surpasses the two-week high of 2.78. At that time, it should also be above the 12-Day EMA trend indicator, which is […]
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Japanese Yen Soars on Surprise Candidate Pick for Top BOJ Job
Japanese Yen Rises Following Report of Surprising BOJ Head Appointment Friday witnessed a brief increase in the Japanese yen’s value versus the US dollar as a result of a report in the Nikkei financial daily regarding a potential surprise candidate for the top position at the Bank of Japan (BOJ). Sources are cited in the […]
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Unlock the World of News with Standard or Premium Digital Subscriptions – Your Choice!
Options for Standard and Premium Digital Access The readers of CoinUnited News have two choices for digital access: Standard Digital and Premium Digital. Access to a plethora of international news, analysis, and professional viewpoints is made possible with the Standard Digital package. While the Premium Digital plan gives subscribers access to 15 handpicked newsletters with […]
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Lacking confidence, the pound to dollar exchange rate falls below 1.2100.
Following Thursday’s European start, the GBP/USD exchange rate saw significant increases that eventually reached a top just over the 1.2190 mark as equity markets saw net gains. The exchange rate between the pound and the euro (GBP/EUR) reached new weekly highs over 1.1300, and despite a fall to 1.1270, it registered its fifth straight day […]
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Sweden’s krona surges as the new governor of the central bank wants a stronger currency
In accordance with mainstream expectations, the Riksbank raised interest rates at its most recent policy meeting by an additional 50 basis points, to 3.00%. The prediction for the highest interest rate has gone up from 2.85% to 3.33%. The exchange rate of the euro to the krona (EUR/SEK) plunged precipitously to 2-week lows of 11.16 […]
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New Leadership in the Bank of Japan: Will it Signal a Shift in Monetary Policy?
Nominee for Governor of the Bank of Japan made by the Japanese Prime Minister A Top-Level Change It is the first time in ten years that the Bank of Japan (BOJ) has had a new governor chosen by the Japanese Prime Minister, Fumio Kishida. Haruhiko Kuroda, the current governor, has been in office since March […]
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Breaking News: BoJ Governor Change Brings Shift in Monetary Policy, USD/JPY Falls
Expert Evaluation on Market Trend for USD/JPY Potential Leadership Transition at the Bank of Japan There are rumors that when the current governor, Haruhiko Kuroda, steps down on April 8th, he or she may be replaced by former Bank of Japan policy member Kazuo Ueda, according to recent reporting from The Nikkei Asia. Masayoshi Amamiya, […]
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Global Economic Update: Missed Recession in UK, Rising Industrial Production in Italy, Slowing Wage Growth in Canada, Rebounding Consumer Confidence in US
UK GDP declines in December by 0.5% The United Kingdom’s recently released GDP statistics showed a loss of 0.5% in December as a result of a sharp decline in services activity. This almost caused a “technical” recession at the end of 2022, which is defined as two consecutive quarters of negative growth. The factors influencing […]
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South Africa’s Rand Struggles for Fourth Weekly Loss vs Dollar
Currency of South Africa Suffers Fourth Weekly Loss One of the most developed economies in Africa, South Africa, is seeing its currency decline versus the dollar for the fourth consecutive week. Since a selloff that affected the entire developing market in October, this is the longest losing stretch. The rand has fallen 4.1% this year […]