Currencies
Forex (FX) is a portmanteau of the words foreign [currency] and exchange. Foreign exchange is the process of changing one currency into another for various reasons, usually for commerce, trading, or tourism. Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar.
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Apr- 2024 -10 April
CAD Gains After BOC Decision
Bank of Canada announced its latest monetary policy decision today at 2:45 pm BST. Bank was expected to keep rates…
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10 April
USD/NOK Below Support Despite CPI Report
CPI reading in Norway came in 3.9% YoY cs 4.2% exp. and 4.5% previously On MoM basis data pointed to…
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10 April
Chart of The Day: NZD/USD
The key macro event of the day during today’s session in APAC markets was, in addition to the Fitch rating…
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10 April
Market Re-Cap
Yesterday’s session on Wall Street overall saw most benchmarks close slightly higher. The Nasdaq gained 0.32% at the end of…
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10 April
USD/JPY hovers around 151.70 amid market caution ahead of US consumer inflation
USD/JPY stays quiet as the market adopts a cautious stance in anticipation of the US CPI release. Japan’s PPI YoY…
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10 April
USD/INR recovers some lost ground, all eyes on US CPI data
Indian Rupee loses its recent gains on the renewed USD demand. The Dollar sales from banks, the decline in crude…
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10 April
EUR/USD Price Analysis: The first upside barrier is located at 1.0870
EUR/USD trades softer near 1.0855 ahead of the US CPI data on Wednesday. The pair keeps a positive outlook above…
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9 April
Canadian Dollar clings to daily gains amidst risk-on mood
Canadian Dollar picks up with the USD losing ground in a risk-on session. Investors are looking for the sidelines ahead…
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9 April
NZD/JPY Price Analysis: NZD Bulls fuel an upward trend, signs of slowing momentum observed
The daily chart showcases increased buying momentum for NZD/JPY, with RSI signaling a shift from bearish to bullish territory. Indicators…
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9 April
GBP/JPY Price Analysis: Buyers reclaimed 192.00 as morning star forms
GBP/JPY climbs past 192.00, buoyed by light economic data and upbeat sentiment. Resistance at 192.24, 192.50, with eyes on 193.00+.…
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