Exclusive-Syria to revalue currency, dropping two zeros in bid for stability, sources say

Exclusive-Syria to revalue currency, dropping two zeros in bid for stability, sources say
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Exclusive-Syria to revalue currency, dropping two zeros in bid for stability, sources say
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USD/CAD falls slightly to near 1.3900 after the US NFP report for October. Labor growth was significantly lower due to hurricanes that affected various regions. The US Manufacturing PMI surprisingly declined at a faster pace. The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday’s New York session. The Loonie asset…
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is testing the resistance area. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 0.6100 is expected, followed by a rise to 0.6245. An additional signal confirming the rise will be a rebound from the lower…
We expect the RBNZ to cut the OCR by 50bp to 2.5% at its October meeting. An easing bias will likely be maintained that’s dependent on data to come. Signs of greater than expected excess capacity will be highlighted and the prospect of subdued medium-term inflation pressures will motivate the MPC’s decision. The arguments for…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straight forward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be…
GBP/USD attracts some buyers to around 1.3350 in Monday’s early Asian session. The UK hopes to strike a deal with Trump after he imposed 10% tariffs on most imports of British goods to the US. Fed’s Powell said the US central bank remains in wait-and-see mode. The GBP/USD pair extends its upside to near 1.3350…
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America, Canada & Hong Kong. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. SOFI favors rally in 5 of (1) from April-2025 low as explained in previous…