The British Pound has been strongly bid over the last 24 hours as the market reacts to reports that Theresa May is close on delivering a Brexit deal. Reports surfaced yesterday suggesting that May’s team have found a potential solution to the Irish Backstop issue which could see current adversaries backing her deal. According to
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This week we are looking at GBPUSD on the daily, weekly and monthly charts. Check out our weekly Trade Idea and tap into the market trend! #orbex_fx #orbex_blog #orbex_news #orbex_tips #orbex_trade Disclaimer: This material is intended for marketing/information purposes only and does not contain, and should not be construed as containing; an attempt of solicitation for any
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Today, Stavros provides exclusive insights on Gold and WTI! He explores the fundamental reasons affecting their exchange rates ahead of the FOMC and the API crude stocks report. Watch as he identifies some important support and resistance levels, and explains how flat, controlled volatility Bollinger Bands form Ranging Markets! tavros, Head of Investment Research at
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FTSE underperformer again as sterling re-finds some form European equity markets are poised for a slightly higher open on Wednesday, with the FTSE looking like the underperformer once again as sterling marches higher. The pound broke back above 1.30 against the dollar on Wednesday, registering more than 1% gains on the day in the process.
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The greenback is holding up after yesterday’s poor performance ForexLive Or at least that’s the case for now. Trading ranges remain relatively narrow for the most part with little changes across most major currencies. The focus for the dollar will turn towards the January FOMC meeting minutes release later in US trading, so that should
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Asian Stocks Talking Points: Wednesday saw a rather directionless session for stock markets Economic data were scant, with Australian wage data the only point of interest The US Dollar was generally a little weaker Find out what retail foreign exchange investors make of your favorite currency’s chances right now at the DailyFX Sentiment Page Asia
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Bank of Japan will mull further easing Bank of Japan governor Kuroda spoke before the Diet yesterday, explaining that the Bank of Japan does not have currency manipulation as its target, though it’s crucial to guide monetary policy with one eye on the economy and another on market moves, including FX. He noted that the
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Bitcoin markets have shown signs of progress in recent days.Getty Bitcoin has shown signs of improvement lately, experiencing notable price gains and robust sentiment. However, does that mean that the drawn-out bear market is over? This piece will examine some market data, including price fluctuations and figures surrounding the sentiment of traders. In addition, it will consider the
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Australian Dollar, Wage Data, Talking Points: AUD/USD slipped after as-expected wage expansion was revealed for 2018’s last quarter The bar for Aussie data to impress looks quite high now These numbers offer little hope that inflation will pick up First-quarter technical and fundamental forecasts from the DailyFX analysts are out now. The Australian Dollar wilted
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TO HIGHLIGHT UNFAIR hiring practices, some campaigners carry out sting operations on unsuspecting firms. They submit two applications with almost identical qualifications but different genders, races or class backgrounds. You could be forgiven for thinking that the World Bank now faces something similar. Earlier this month America nominated David Malpass, a senior Treasury official, to
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