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GBP/JPY Fell On Dovish BoE Bets
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has declined sharply as growing expectations of a dovish Bank of England (BoE) continue to pressure the pound sterling. BoE Governor Andrew Bailey emphasized that a “gradual” strategy for cutting interest rates remains appropriate, countering market expectations for fewer rate reductions in the upcoming year.Continue Reading
Dollar Start the Year with Strong Momentum
Market Summary The U.S. dollar delivered a strong performance in 2024, with the dollar index gaining approximately 7%, and it started 2025 on a positive note, hovering near its recent highs. The dollar remains supported by the Fed’s cautious approach to monetary policy, with hawkish expectations weighing on equities. Wall Street is anticipated to faceContinue Reading
Written on January 2, 2025 at 5:21 am
Categories: Daily Market Analysis
Tags: dollar, Forex Trading, Gold
Euro Weakens On Holiday Market Coil, Strong Dollar
Fundamental Analysis * Dollar Dominant: The Euro continued to decline against the dollar during the Asian session as trading volumes remained light, with markets gradually recovering from the New Year holiday. The Euro struggled to find buyers due to robust U.S dollar which was bolstered by a less dovish Federal Reserve. The U.S central bankContinue Reading
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