Forex news

The ECB the Minimum Bid Rate to 2% – exactly as expected. This is a 0.5% decrease from 2.5%. This change didn’t surprise anyone.  ECB Rate Decision was truly a …

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Today in the Middle East, there are reports that Hammas has agreed to a cease fire with Israel. This news, although not fully verified and far from final, is breaking …

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The Non Farm Payrolls came better within expectations, at -524K . Immediately after the initial shocks, the dollar stabilized against all the currencies. Note the Unemployment Rate as well. It …

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Parity in the EUR/GBP surrency pair seemed very close during the 2 weeks of partial holiday in the Forex market. The EUR/GBP cross was already above 0.98, but now it …

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The ADP Non-Farm Employment Change fell by 693,000 jobs! This devastating number was far more than a drop of 495,000 that was expected. Following this bad news, the dollar fell against …

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The Pending Home Sales showed a fall of 4.0% . This was far worse than a drop of 0.9% that was expected. This sent the dollar down. The dollar rallied …

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The price of oil is now above $50 per barrel, as the war in Gaza escalates. This affects the Ausralian and Canadian dollars. AUD/USD is now at 0.7101, and USD/CAD …

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In the middle of the weekend, Forex traders are tuning up to the news from the middle east: the war in Gaza has turned into a full scale conflict, with …

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Today’s Unemployment Claims in the USA were much better than expected – 492,000. It showed a significant drop from the numbers in the past few weeks, always above 550,000. It was …

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The EUR/GBP cross currency pair is getting stronger for already 6 weeks. Since November 12th, it broke a resistance line at 0.82. Before that, it was trading in a narrow …

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