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The market’s most traded currency pair continues to retreat on Wednesday. The current EURUSD quote is 1.0860. Investors are even more interested in safe-haven assets than before. This is due to the issue of the US government debt limit. In these circumstances, the US dollar is looking increasingly attractive. This will continue to be the […]

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Musk Shares Dim View on Economy  Tesla shares are trading higher ahead of the open today on the back of the annual shareholder meeting yesterday. The event was an interesting one. CEO and founder Elon Musk was seen striking a tone of caution over the economic outlook and warned that Tesla would not be immune […]

The British pound remains under pressure against the US dollar. The current GBPUSD quote is 1.2436. First, the Pound Sterling is under pressure from a strong US Dollar, which is in demand as a safe-haven asset while global capital markets are avoiding risk. UK employment market statistics released yesterday were disappointing. The unemployment rate rose […]

USDJPY, “US Dollar vs Japanese Yen” The quotes on H4 and the RSI are nearing the overbought area. A test of 8/8 (137.50) is expected, followed by a rebound from it and a decline to the support at 6/8 (135.93). The scenario can be cancelled by rising above the resistance level of 8/8 (137.50). In […]

USD Rallies on Safe Haven Demand President Biden and Speaker of the House Kevin McCarthy met for the latest round of US debt ceiling talks yesterday. While both sides were seen showing a willingness to co-operate and achieve a deal, greenlighting staff-level negotiations, a resolution is yet to be agreed. With markets wary over the […]