Month: February 2021

Forex news for Asia trading for Wednesday 24 February 2021 It was an active day in some of the major forex pairs here during the session, cable the stand-out mover with a 100+ point jump (and a solid size retracement after GBP/USD spiked to highs (briefly) above 1.4230 on the back of a drop in
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New Zealand Dollar rises broadly today after RBNZ stood pat and didn’t sound particularly concerned with the strong exchange rate. Though, Sterling remains the strongest one, continued to be supported by lockdown exit optimism. Other commodity currencies are also firm despite steady risk market sentiments. Yen and Swiss Franc are under general selling pressure, while
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Gold (XAU/USD) consolidates its overnight recovery above $1800, having capitalized on  Fed Chair Jerome Powell’s dovish comments. Powell signaled Tuesday the Fed was nowhere close to unwinding its easy policy amid uneven economic recovery. Gold bulls also weigh in the reports that the House will vote on the US stimulus bill this Friday, as the
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Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following as second strongest, with a little help from oil prices. Swiss Franc and Yen are
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