Forex News Today! 17th November 2023: Bitcoin ETF, EUR/USD, Oil Drop!
In forex news today we look at the Oil price drop, provide an update on the Bitcoin ETF and analyse the most liquid currency pair – EUR/USD.
In forex news today we look at the Oil price drop, provide an update on the Bitcoin ETF and analyse the most liquid currency pair – EUR/USD.
Key Points -After a sharp dip last week, oil (WTI) surges back above $82. -A surge in safe-haven flows into the US Dollar and Japanese Yen causes a rise in those currencies. -With US Navy ships being sent to the area, tensions are likely to increase further, which could lead to additional increases in oil …
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Gold and USD Fundamentals As pressure from a strong US dollar and high Treasury yields intensifies as a result of Federal Reserve (Fed) policymakers believing that additional policy tightening is necessary, the price of gold (XAU/USD) falls to a new monthly low. As excess inflationary pressures appear stickier than anticipated and may push the Fed …
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Fed Interest Rate As US Federal Reserve (Fed) Chairman Jerome Powell takes the podium later today, the US Dollar (USD) is facing a crucial moment. The stakes are very high even though no increases are anticipated. Recent data not only revealed an increase in economic activity and a robust labour market, but also that inflationary …
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