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GBPUSD Technical Analysis – We are near a key support

GBPUSD Technical Analysis – We are near a key support

USDThe Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower.Fed Chair...

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FX option expiries for 22 March 10am New York cut

FX option expiries for 22 March 10am New York cut

There are a couple to take note of for the day ahead, as highlighted in bold.The first ones are for EUR/USD, which are layered from 1.0825 to 1.0850. Those expiries are likely to keep price action more compact in the session ahead, as traders also contest the key...

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China state banks seen buying yuan in onshore FX market

China state banks seen buying yuan in onshore FX market

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,...

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Japan finance minister Suzuki verbal intervention again

Japan finance minister Suzuki verbal intervention again

Japan finance minister Suzuki with light intervention comments, really light on stuff. This isn't going to scare anyone: BOJ’s decision to change policy could squeeze policy expendituresWon't comment on forex levelsImportant foe forex rates to move stable reflecting...

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Japan February headline CPI 2.8% vs. 2.2% in January

Japan February headline CPI 2.8% vs. 2.2% in January

The ex- food and energy, known as the 'core-core' rate, and closest to US core inflation, remains firmly above 3%, much higher than the Bank of Japan 2% target. The overall, headline, rate is similarly above target at 2.8%USD/JPY is sitting basically on its post-BOJ...

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