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GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP – MarketPulse
BySilas WThe GBP has been declining against the USD due to softer-than-expected UK economic data, leading to expectations of more aggressive rate cuts by the Bank of England. GBP/USD is at a crucial level of 1.3000, a break below which could lead to further downside. GBP/JPY is showing signs of a potential breakout, with price coiling…
Beats and throat singing: Sámi DJs tap into growing pride in Indigenous identity
BySilas W“We both live in maybe the most impractical place if you want to be a successful DJ,” laughs Alice Marie Jektevik, one half of Article 3, a Sámi female DJ collective. Jektevik, 36, and her collaborator, Petra Laiti, 30, reside in a rural village in the far north-east of Norway. But living in Sápmi –…
What Is Front-Running in Forex and How Can You Detect It? – Edge-Forex
BySilas WFront-running in forex is one of the most talked-about yet least understood trading risks in the currency markets. It happens when a trader, broker, or institution uses prior knowledge of a large upcoming trade to enter a position ahead of that order. This unethical practice allows the front-runner to benefit from the anticipated market impact,…
Gaza ceasefire negotiations ‘right on the brink’ as mediators meet in Qatar
BySilas WNegotiators met in Doha on Tuesday in an effort to hammer out the final details of a ceasefire in Gaza, as the warring sides were reported to be closing in on a deal and the US secretary of state, Antony Blinken, said the negotiations were “right on the brink”. Israeli media and reports from the…
Canadian 25-Basis Point Interest Rate Cut As Expected – Currency Thoughts
BySilas WCanadian 25-Basis Point Interest Rate Cut As Expected September 4, 2024 The Bank of Canada’s Governing Council agreed as expected to its third quarter percentage point reduction since June. Consumer price inflation has receded from 8.1% at peak in June 2022 to a 40-month low of 2.5% last month. The central bank interest rate had…
USD/CAD Weekly Forecast: Markets Brace for Boc, Fed Cuts – Forex Crunch
BySilas WThe USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the…

