Daily Market News by Xtreamforex.com

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  1. #421
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    Default Canadian Dollar Dropped its Growth, Traders Waiting for Bank of Canada Statements

    Daily Market News by Xtreamforex.com
    Traders are waiting for the bank of canadaís statement over the CAD. The Canadian dollar that was moving with high strength has dropped its progress in the last week of October. But despite heavy a weak week, the currency has got dominance over the US dollar, British pound, Euro, and Japanese Yen since June. Itís a matter of great concern for traders that the cash will benefit from the downfall and itís going to increase in November month.

    The currency of Canada offers the benefits from the global rising inflation situations as the prices of energy; commodities are rising and doing great. West taxes intermediate has leveled the position since 2014. The Canadian commodity can affect the local inflation and monetary policy too. There was a growth of 4.4% was seen in the last weekís CPI data as compared, which is also great news for the Canadian dollar. This has grown after a long time since the year 2003.

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  2. #422
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    Default COP26 Event is Going to be Organized on 31st Oct For Environmental Welfare

    The prices of energy are rising that are affecting the economies in nations like Asia, North America, and Europe. COP26 is a two-week event that is going to begin on 31st Oct in the Glasgow city of Scotland. The United States Conference of parties was organized first in the year 1995 where the 26 was added as the meeting was the 26th year of the event.

    What is the Energy Supply Production Concerns?

    The agreement between major economies like China, the UK, US and other countries pledged to use the fuels that will release fewer carbon emissions in the climate. These countries have started scaling back their use of coal and oil as the primary energy sources that is a great step to improve the climate. Things were going great but when the corona pandemic hit, countries again started focusing on their coal production to fulfill their energy needs.

    Assets Impacting COP26


    Cop26 goals will have a long-term effect on the diverse markets including currencies and commodities. When the oil production is reduced in the lack of an alternative energy resource, energy prices will be increased in short term as the demand for the oil will be high. The Australian dollar, Canadian dollar, and Norwegian Krone will see a rise when fossil fuels will not be used as their currency is strong. There is huge room for growth for these countries as more and more electrical manufacturing companies are creating vehicles that run without fuels.

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  3. #423
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    Default US Dollar Gets strong as Corporate earnings grow in the market

    in ro ham eslah kon:
    The corporate earnings of the US and China have made their currency strong. Traders were feeling high when they saw that the corporate earnings were running strong and the factors like US/China economic and trade situations were also going strong. All this news came as a boon for the traders as they know that US currency is going to increase along with Chinaís. Both the nationís trade situation will get benefit from the rise of these nationsí currency prices. Apart from this, Iran and Europe are also discussing bringing back the nuclear deal that they had in the past. This means there is a hope that the Iran Rial and Europeís Euro will get high too.

    As the central banksí meeting is dominating the market for a week in the nations like Europe, Japan, and Canada, the flow of the money will rise for a long period. Also, with the S&P 500, itís looking strong after the recent gathering of the banking officials. There was a bearish signal for the currency pair AUD/JPY thatís not great news for the traders.

    Read Full News : Daily & Weekly Analysis on XtreamForex

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