Forex Market

british pound

The British pound hit nine-week record

According to the latest news, the British pound increased in early London trading on November 9 after hitting a nine-week record against the greenback overnight. Additionally, Decomrat Joe Biden’s victory in the Units States Presidential elections saw global markets at new highs and riskier currencies boosting. Remarkably, global equities increased, and the dollar index dropped …

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MARKET NEWS AND CHARTS FOR NOVEMBER 9, 2020

USDRUB Despite Kremlin’s denial, investors remain skeptical on the current health situation of President Vladimir Putin. Reports emerged on Friday, November 06, that the Russian president who served the highest post in Russia for a total of 16 years will be resigning due to his Parkinson’s disease. This news is untimely as Russia’s economy faces …

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dollar

Dollar steaded against other currencies

The U.S. dollar steadied against other currencies on October 6. However, according to traders, more losses are expected as a contentious U.S. presidential election diminished optimism for massive stimulus to support the short term’s economy. Investors are betting on Democrat Joe Biden’s victory. However, Republicans will maintain control of the Senate. That will make it …

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rading 212 said its platform was under a DDoS

Trading 212 Restores Service after DDoS Attack

Trading 212’s third-party protection service failed to work, but have managed to restore normal operations. Today, Trading 212 said its platform was under a distributed denial of service attacks (DDoS) that attempted to paralyze its systems with too much information. Trading 212 is a fintech company and Financial Conduct Authority (FCA) regulated broker. The retail …

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The U.S. Dollar tumbled down. What caused its downfall?

The Dollar Declines to a One-Week Low, Pound Gained 0.3%

Accoridng to the latest news, the U.S. dollar held a one-week low against its competitors on Thursday. Investors unwound some of their safe-haven demand for the dollar as the U.S. presidential election entered its final stretch. Joe Biden, the Democratic challenger, is predicted to win the U.S. election over President Donald Trump after pivotal victories …

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MARKET NEWS AND CHARTS FOR NOVEMBER 4, 2020

EURHUF Analysts gave a gloomy outlook for the EU member states’ Services PMI reports today, November 04. Projections for Germany, France, Italy, Spain, and the EU were 48.9 points, 46.5 points, 47.0 points, 40.0 points, and 46.2 points, respectively. All of which are below the 50-points benchmark which suggests a potential contraction for the bloc’s …

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