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Forex News for 22 March, 2023

Forex News

Over the last 24 hours, global stock markets have seen an upward trend, with the S&P 500 Index and the NASDAQ 100 Index both experiencing strong gains ahead of the anticipated rate decision by the US Federal Reserve. In Asia, both the Japanese Nikkei 225 Index and the Chinese Hang Seng Index have also increased […]

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Forex News Roundup for 15 March, 2023

Yesterday, Bitcoin’s price reached a nine-month high of almost $26,500, but it has since experienced a major negative correction. The picture for the cryptocurrency won’t change unless it can reclaim the crucial psychological milestone of $25k. The US Dollar has stabilised on the foreign currency market, while the Euro and the Australian Dollar are strong […]

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Forex News for 10 March, 2023

EUR/USD

The Bank of Canada has decided to keep interest rates at 4.5% even though it anticipates that inflation will drop to as low as 3% in the next months, which will weaken the Canadian dollar. While being less hawkish than the day before, Fed Chair Jerome Powell appeared before the US House of Representatives, and […]

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EUR/USD: Tight Labor Market and Weak European GDP Data Affect EUR/USD Pair

EUR/USD

Short Position Take profit: 1.0460 Stop-loss: 1.0620 Timeline: 1-2 Days Long Position Buy stop: 1.0595 Take profit: 1.0670 Stop loss: 1.0500The EUR/USD currency pair experienced a sell-off, which lost momentum after Jerome Powell’s second day of testimony in Congress. The pair remained flat at 1.0547, a few pips above the lowest level recorded this month. […]

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Forex News for 7th March, 2023

AUD/USD

Slower job growth caused the IVEY Purchasing Managers Index (PMI) in Canada to drop from 60.1 the month prior to 51.6 in February. Following a 1.7% gain in December, US manufacturer orders decreased by 1.6% in January, driven mostly by reduced reservations for civil aircraft. Although exports increased less than imports in January, Australia’s trade […]

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AUD/USD – THe Pair Giving Bullish Signals With Upcoming Rate Hikes

Bullish Signals

Bullish View Take Profit: 0.6900 Stop Loss: 0.6700 Timeline: 1-2 days Bearish View Sell Stop: 0.6735 Take Profit: 0.6650 Stop Loss: 0.6850 The market sentiments are being influenced by the upcoming interest rate hikes which may get announced by the RBA soon. Economists expect that the RBA will decide to raise the interest rate by […]

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Forex News for 2 March, 2023

According to Australian CPI (inflation) figures, annualised inflation has decreased from 8.4% to 7.4%, a far sharper decline than the rate of 8.1% that had been widely anticipated.  The US 2-Year Treasury Yield is currently trading near to its all-time high at 4.857% and is continuing to rise consistently and strongly. Data on US consumer […]

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AUD/USD – The Pair May Recover With a Possible Uptrend

The Pair May Recover With a Possible Uptrend

Risk – 0.75% per trade Short Position Open these positions after a bearish price action reversal on hourly time frame, once price touches $0.6786, $0.6847, or $0.6895. Stop loss: place at 1 pip below the local swing low and move to break even once the trade gets 20 pips profit. Take profit: Remove 50% of […]

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