Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
17
March
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By Sagar Dua - 306
Shares of Adobe Inc., a leading U.S. software developer, are trading near 252.00.
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By Sagar Dua
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European equity indices continue to move lower within an active corrective phase, driven by two key factors: a shift of capital from risk assets into bonds and growing concerns over accelerating inflation amid the unfolding energy crisis in the EU. Against this backdrop, the CAC 40 is holding near the 7,918.0 level.
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By Sagar Dua
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During the morning session, the EUR/USD pair is edging lower after yesterday’s bullish move, holding near the 1.1500 level as investors await the release of European macroeconomic data.
16
March
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By Sagar Dua
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Tesla Inc. shares, representing one of the leading electric vehicle makers, are trading near 390.00 as part of a broader corrective move.
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By Sagar Dua
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The US dollar is trading near the July 2024 highs, which were refreshed at the end of last week, testing the 159.43 mark during the Asian session.
13
March
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By Sagar Dua
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United States. The U.S. dollar is strengthening against the euro, the pound, and the yen.
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By Sagar Dua
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The GBP/USD pair continues to develop negative momentum for the fourth consecutive day, losing about 0.61% in value per session as investors redirect capital into the U.S. dollar as a safe-haven asset amid fears of rising hydrocarbon prices.
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By Sagar Dua
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The German stock market is losing ground amid the escalation of the military conflict between the United States, Iran, and their allies. The confrontation has already triggered a sharp rise in energy prices and redirected investor capital toward traditional safe-haven assets. At the moment, the DAX 40 index is holding near 23608.0.
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By Sagar Dua
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WTI Crude Oil prices are trading above the key level of 90.00 amid ongoing uncertainty in the market caused by the continuing armed conflict in the Middle East.
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By Sagar Dua
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The EUR/USD pair continues the bearish trend of recent days, currently holding near 1.1503. Despite relatively high market activity, sellers have so far only managed to offset the gains that the European currency secured at the beginning of the week, while the external fundamental backdrop has changed only slightly.
12
March
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By Sagar Dua
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The benchmark index of the US economy, the S&P 500, is correcting near 6704.0 following the release of February inflation data. On a monthly basis, the consumer price index increased from 0.2% to 0.3%, while the annual figure remained around 2.4%. The core indicator, which excludes food and energy prices, changed from 0.3% to 0.2% on a monthly basis and held at 2.5% year-on-year.
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By Sagar Dua
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Caterpillar Inc. shares, the US manufacturer of construction and mining equipment, are trading at 716.00.
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