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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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Movements in the currency markets today are somewhat mixed today. Commodity currencies are generally underperforming, led by a sharp decline in Australian Dollar. Investor sentiment in Asia was dampened by the lack of detailed stimulus measures from China, following the much-anticipated post-holiday announcement. This disappointment was starkly reflected in Hong Kong’s stock markets, which saw
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The US September jobs report today exceeded expectations, with non-farm payrolls increasing by 254K compared to the 140K anticipated. The unemployment rate fell slightly to 4.1%, nearly reaching 4.0%, and the participation rate held steady at 62.7%. Private payrolls surged by 223K, while average hourly earnings rose by 0.4% month-over-month and 4.0% year-over-year, both above
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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, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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The festive season in India combines cultural celebration and economic activity, significantly driving growth, especially between August and December. Historically, indices like Nifty have shown positive momentum during this period. This trend continues this year too, supported by strong financial inflows and strategic government policies, including increased capital expenditure of Rs. 11.11 trillion (3.4% of
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Forex market activity was relatively subdued during European trading hours, with Euro recovering against both Sterling and Swiss Franc despite lower-than-expected inflation reading from Germany. However, the common currency continues to face resistance in breaking out of its range against Dollar. Markets will keep a close eye on ECB President Christine Lagarde, who is set
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Swiss Franc remained relatively stable today following SNB’s decision to cut its policy rate by 25bps, bringing it down to 1.00%. This move defied some market speculations that anticipated a larger 50bps reduction. Despite opting for a smaller cut, SNB issued a decidedly dovish statement, sharply downgrading its inflation forecasts. The central bank signaled a
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The dollar is trading a little mixed on the day, keeping higher against the yen but lower against the aussie. The former continues with the moves from the end of last week, with a slight bounce in bond yields also helping. 10-year Treasury yields are up another 2.6 bps to 3.741% currently. As for the
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