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Mohamed Abdelhamid

Euro Gains Momentum, Eyes 1.12 Target Amid Shifting Economic Landscape

The Euro (EUR) is experiencing a surge in value against the US Dollar (USD), driven by a confluence of factors, including anticipated fiscal policy changes in Germany. Recent developments have prompted financial analysts at Rabobank to revise their long-term EUR/USD forecast, now targeting 1.12 within a 12-month timeframe. This upward …

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Crypto Markets Waver: Government Reserve Announcement Sparks Mixed Reactions

Cryptocurrency markets experienced a period of fluctuation following the unveiling of a strategic digital asset reserve by the U.S. government, with Bitcoin and altcoins showing mixed results. While the announcement signaled a level of governmental recognition of digital assets, the market’s response was muted, primarily due to the reserve’s funding …

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Powell’s Path: Steering Through Economic Uncertainty

Federal Reserve Chair Jerome Powell struck a cautious tone on Friday, highlighting the challenges posed by policy uncertainty in shaping monetary policy. He pointed to the unpredictability surrounding the Trump Administration’s policies and their economic implications as a significant factor.Powell emphasized that while long-term inflation expectations remain stable and aligned …

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Jobs Data Eve: Key NFP Looms Amid Shifting Market Dynamics

NFP Anticipation: Jobs Growth Expected Amidst Economic ShiftsThe US labor market’s health is once again under scrutiny as the February Nonfarm Payrolls (NFP) report approaches. Scheduled for release on Friday, March 7, the data is expected to reveal the creation of approximately 160,000 net new jobs. Economists also anticipate a …

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Tariffs Pose “Substantial” Risks to UK and Global Economies, Bank of England Warns

The potential impact of escalating US tariffs on the UK economy, and indeed the global economy, is a cause for serious concern, according to the Governor of the Bank of England, Andrew Bailey. Speaking before MPs, Bailey emphasized that these tariffs could significantly hinder economic growth and present “substantial” risks.The …

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