Friday , March 29 2024

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EUR/GBP posts eighth consecutive weekly gain

trading-forex

The euro finished the week among the top performers in the currency market boosted by risk aversion; the pound, on the other side, dropped sharply amid fears of Brexit and a slowdown in the UK economy. EUR/GBP rose more than 300 pips since the beginning of the year and it ...

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EUR/USD consolidates gains but remains limited by 1.10

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Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...

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US State Of The Union: Obama optimistic on the economy

President Barack Obama

During today’s State of the Union Address in the United Stated, President Barack Obama stressed to focus on the future, initially making mention to the necessity of fixing a broken immigration system, protecting kids from gun violence, equal pay for equal work, paid leave, and raising the minimum wage. On ...

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