Tag: Economic indicators

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Australian Dollar Stable After China CPI Data: Analysis and Insights

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the...
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Federal Reserve Chairman Powell Discusses Risks Beyond Inflation – Key Takeaways for Traders

Federal Reserve Chairman Jerome Powell recently addressed Congress in his semiannual testimony, discussing risks beyond just inflation that the Fed is considering. While he...
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Mexican Peso Strengthens on Positive Inflation Data

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation...
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CPI Impact: Potential Correction in the Market

Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market...
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Keeping Interest Rates High for Prolonged Periods Could Harm Economic Growth

Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended...
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Euro’s Response to Falling Investor Confidence – Action Forex

The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%. Investor...
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AUDUSD Traders Testing Close Support, More Work Needed for Breakout

AUDUSD traders are currently testing close support levels between 0.67278 and 0.6738. Despite some fluctuations, the price has managed to stay above the lower...
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GBPUSD Surges Towards 2024 Highs – Latest Forex Analysis

GBPUSD has been showing signs of strength as it bounces back from its 50-day SMA, reaching its highest level since June 12. Momentum indicators...
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EUR/JPY Price Analysis: Holding Steady at 174.50 Amid Overbought Condition

EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests...
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Bank of England’s Approach to U.K. Growth and Inflation: Analysis and Outlook

The U.K. economy has shown signs of improvement in the first half of 2024, with GDP growth picking up and consumer outlook improving. Despite...

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