Forex News

On a turbulent Wednesday, Donald Trump took to Truth Social, venting his frustrations with Federal Reserve Chairman Jerome Powell over the central bank’s policy decisions. His remarks followed the disappointing release of private sector payroll data by Automatic Data Processing (ADP), which showed an abysmal growth of just 37,000 jobs in May. This figure not
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Silver continues to demonstrate remarkable resilience, holding above the pivotal $34.54 threshold after experiencing a brief dip below the $34.00 mark. The recent fluctuations in the price of silver are worth examining, as they reveal a crucial interplay between market sentiment and economic indicators. Buyers quickly emerged to lift the price from its temporary lows,
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The currency market is a kaleidoscope of economic indicators, geopolitical shifts, and monetary policy decisions, but the recent landscape has been particularly striking. As of the latest trading sessions, the GBP/USD pair has softened to around 1.3435, reflecting a combination of factors that suggest a tension-filled financial environment. The strength of the US Dollar is
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The recent oscillations of the EUR/USD exchange rate underscore the fragility of the US Dollar amidst a climate of geopolitical tensions and unpredictable governance. Following an initial surge, EUR/USD experienced a decline, showing signs of volatility typical of the current economic landscape. Those invested in this major currency pair have become increasingly wary as the
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As the global oil market dances to the erratic rhythms of demand and supply, West Texas Intermediate (WTI) crude oil is currently navigating a challenging spell. Amidst a backdrop of geopolitical tensions, fluctuating inventory levels, and strategic decisions from OPEC+, WTI’s price dipped to approximately $60.75 during the early Asian trading session on Friday. This
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In the early hours of Thursday’s Asian session, the USD/CAD pair plummets to around 1.3855, predominantly fueled by rising apprehensions regarding the United States’ expanding fiscal deficit. This situation intrinsically devalues the Greenback, leading investors to adopt a more cautious stance. The market is currently poised for the release of key economic indicators, including the
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