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Silver prices have been on the rise, with XAG/USD trading at $27.39 per troy ounce, up 0.64% from Friday. This increase of 7.54% since the beginning of the year has caught the attention of investors. But what exactly drives these price movements? One important indicator to watch is the Gold/Silver ratio, which stood at 85.38
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As traders in Europe wake up to a nervy currency market, the recent sharp reversal of the yen from its slide past 160 per dollar on Monday has sparked speculation. Some have suggested that Tokyo could be behind the move, especially as the jump in the yen to a session-high of 156.55 per dollar came
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Local Chinese authorities have made the decision to lift restrictions on Tesla cars following the successful compliance of the company’s vehicles manufactured in China with the country’s data security regulations. This development occurred as Tesla CEO Elon Musk made a surprise visit to Beijing and engaged in discussions with Chinese Premier Li Qiang, coinciding with
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The EUR/USD pair has been on a rollercoaster ride, starting a recovery wave from the 1.0600 zone. Despite testing the 1.0598 low, the bulls managed to make an appearance and push the pair above the 1.0650 and 1.0680 resistance levels. However, the bears are showing some activity near the 1.0740 level, causing the pair to
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In today’s fast-paced and ever-changing financial landscape, it is more important than ever to conduct thorough due diligence before making any investment decisions. Whether you are considering investing in cryptocurrencies, contracts for difference (CFDs), or any other financial instruments, understanding the risks involved is crucial. These complex instruments come with a high risk of losing
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The Federal Open Market Committee (FOMC) meeting in May is highly anticipated, with expectations of no change in the Fed funds target range. The Fed is likely to maintain the target range at 5.25%-5.50%, given persistent inflation above the 2.0% target. Despite the hot PCE inflation data, coupled with strong employment growth, the Fed has
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Thailand recently appointed former energy executive, Pichai Chunhavajira, as the country’s new finance minister, tasked with the challenging job of revitalizing Southeast Asia’s second-largest economy. The 75-year-old, who previously served as an adviser to Prime Minister Srettha Thavisin, now steps into the role of finance minister and deputy prime minister, as announced by the official
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