The EUR/USD exchange rate surged to its highest level since July 28, breaking through key resistance levels, as Federal Reserve Chair Jerome Powell hinted at a pivot towards interest rate cuts. The currency pair jumped to 1.1725, a significant rise from this month’s low of 1.1390, driven by concerns over the US labor market and...
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In forex
GBP/USD Forex Signal: Inverse Head-and-Shoulders Forms Highlight Bullish Reversal
The GBP/USD exchange rate staged a significant rebound on Friday, following a relatively dovish statement from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium in Wyoming. The pair climbed sharply from a recent low of 1.3387 to reach 1.3548, demonstrating heightened volatility in the Forex market amid renewed monetary policy speculation. Rachael Glover,...
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In forex
Australian Dollar steadies as US Dollar trims recent gains
The Australian Dollar (AUD) steadied on Monday against the US Dollar (USD) after posting gains of more than 1% in the previous session, amid shifting expectations for monetary policy from both the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA). The AUD/USD pair is currently trading around 0.6480, showing little movement as traders...
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In Forex
The $68 Barrel Balancing Act: Oil Markets Navigate Fed Cuts and Supply Chaos
Crude steadies near weekly highs as rate cut euphoria meets geopolitical supply disruptions Lead finance expert at Arbitics analyzes how oil markets balance between economic stimulus optimism and persistent geopolitical risks that could reshape energy pricing through 2025. Brent crude holds steady near $68 per barrel after climbing almost 3% last week, creating a complex...
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In forex
Silver Price Forecast: XAG/USD Slips Toward $38.00 as Fed Rate Cut Odds Ease
The silver price (XAG/USD) edged lower on Friday, trading around $38.10 per troy ounce during the Asian session. This movement followed a day of gains, but market sentiment turned cautious ahead of a pivotal event: Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming. Powell’s remarks are widely expected to offer...
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In forex
Australian Dollar Moves Sideways as US Dollar Steadies Ahead of Powell’s Speech
The Australian Dollar (AUD) is trading near its recent two-month low, consolidating as investors balance domestic and global factors ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. Market participants are closely monitoring macroeconomic signals, central bank policy expectations, and technical indicators as the AUD/USD pair holds just above critical support...
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In forex
EUR/JPY Price Forecast: Holds Above 172.00; Bullish Technical Setup Backs Positive Outlook
The EUR/JPY cross continues to show resilience in the currency market, maintaining its position above the key 172.00 handle and strengthening its bullish technical outlook. On Friday, the pair scaled higher for the second consecutive session, supported by a broadly weaker Japanese Yen (JPY) as market participants remain uncertain about the Bank of Japan’s (BoJ)...
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In Forex
AI Revolution Exile: Adobe’s Stunning Fall from Grace
Creative software giant loses its spot among elite AI companies as Wedbush reshuffles future tech leaders Adobe‘s removal from Daniel Ives’ prestigious AI 30 list represents more than a simple portfolio adjustment. It signals a fundamental shift in how Wall Street evaluates AI readiness among established tech companies. Senior finance analyst at Arbitics examines how...
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In forex
USD/INR Opens Higher Amid Caution Ahead of Fed Chair Powell’s Speech
The Indian Rupee (INR) opened lower against the US Dollar (USD) on Friday, as the USD/INR pair rose to near 87.60, reflecting a firm Greenback ahead of Federal Reserve (Fed) Chair Jerome Powell’s keynote at the Jackson Hole (JH) Symposium. Market participants are exercising caution, with investors closely watching for signals on the US monetary...
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In forex
USD/CAD Hits Fresh Three-Month Highs Above 1.3900 Ahead of Fed Powell’s Speech
The USD/CAD currency pair surged to fresh three-month highs, reaching 1.3915 during Asian trading hours on Friday, marking the fourth consecutive session of gains. The pair’s upward momentum reflects a strengthening US Dollar (USD) amid easing market expectations for an imminent Federal Reserve (Fed) rate cut. Traders are closely monitoring Fed Chair Jerome Powell’s upcoming...
