Tag: Economy

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Baker Hughes Oil Rigs Hold Steady at 479 for the Week

Baker Hughes, a leading oilfield services company, reported that the number of active oil rigs in the United States held steady at 479 for...
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BOE’s Policy and Rate Cuts: Impact of Disinflation on Forex Trading

The recent news from the Bank of England (BOE) regarding their policy and potential rate cuts has been causing a stir in the forex...
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China Officials to Hold Briefing at 0800 GMT: What to Expect

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to be aware of the risks...
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EUR/USD Daily Analysis: Forex Forecast and Trading Strategies

The EUR/USD daily analysis shows that the forex forecast and trading strategies are currently in a consolidation phase. The intraday bias for the EUR/USD...
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BOE Governor Bailey: Services Inflation Needs to Decrease Broadly | Forexlive

BOE Governor Andrew Bailey emphasized the need for a decrease in services inflation during a recent speech. He highlighted the importance of addressing inflation...
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Spain October Services PMI Misses Expectations with a Reading of 54.9

In October, Spain's services sector experienced a slight weakening in growth momentum, with a PMI reading of 54.9, falling short of expectations set at...
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USDCAD Price Action Approaches Hourly Moving Averages

The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of...
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BoJ Minutes: Yen Stabilization Allows Monitoring of Global Economic Risks

The Bank of Japan recently held a meeting in September where they discussed their monetary policy in light of global economic uncertainties. During the...
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EURUSD Price Analysis: Buyers Pushing to New Highs Near Resistance Cluster

The EURUSD continues to rise, despite the release of stronger services ISM non-manufacturing data today. Employment numbers have increased, while new orders and prices...
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ISM Services Index Reaches 27-Month High in October

The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since...

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