Dogecoin in Precarious Position as the $0.1 Handle Remains Elusive
DOGE/USD had surged after the Twitter takeover by Elon Musk, but the rally was short-lived and it runs a negative month below the $0.1 mark
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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DOGE/USD had surged after the Twitter takeover by Elon Musk, but the rally was short-lived and it runs a negative month below the $0.1 mark
XAU/USD is on the front foot, taking advantage of the greenback’s weakness and covering the losses from the poor start to this holiday-shortened week
Yesterday’s accounts from the last US Fed policy meeting, showed that officials are looking to slow the pace of rate hikes, which weighed on the greenback and sent the pair higher
The tech-heavy index appears steady as markets brace for today’s Fed minutes and a slew of economic releases ahead of the Thanksgiving holiday
The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Watch today’s US Open, for commentary on the latest news, including oil developments, as well as the technical outlook of SPX500 and other assets
The Aussie takes advantage of the greenback’s weakness and the latest commentary form the head of the RBA, to move higher today, after its poor weekly start
The pair surged more than 1.5% on Monday entering its second straight positive week, as it reacts from the worst weekly performance in two-decades, earlier in the month
USOil steadies after a volatile session on Monday, due to WSJ report that OPEC is considering a rise in output, which was denied by Saudi Arabia
The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event
The pair comes from its first negative week since mid-October and enters its third straight losing day, as markets continue to evaluate the policy path by the two central banks
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