Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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Trade of The Day – GBP/AUD
Facts:The price bounced off the upper limit of 1:1 structure at 1.9688The pair sits below the 100-period moving average from…
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GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown
GBP/USD weakens to around 1.3760 in Friday’s early European session. The US Senate is poised to send the House a…
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EUR/USD Price Forecast: Breaks through 100-hour SMA as bears await acceptance below 1.1900
EUR/USD meets with some supply on Friday amid a modest pickup in the USD demand. The intraday technical setup favors…
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Japanese Yen sticks to Tokyo CPI-inspired losses vs. firmer USD; USD/JPY climbs to 154.00
Japanese Yen drifts lower as softer Tokyo CPI prints temper hopes for an immediate BoJ rate hike. Fiscal woes and…
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NZD/USD trades around 0.6050 after pulling back from six-month highs
NZD/USD retreats after reaching a six-month high of 0.6094 in the previous session. ANZ–Roy Morgan Consumer Confidence rose to 107.2…
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USD/INR rises as Asian risk sentiment weakens
USD/INR appreciates due to weak Asian risk sentiment and flow pressures. The Indian Rupee recorded a 92.51 low on Wednesday,…
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USD/CHF rebounds above 0.7650 as traders brace for Trump’s Fed nomination
USD/CHF gains momentum to around 0.7685 in Friday’s early European session. Democrats and the White House struck a deal to…
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Offshore Yuan Set for Fourth Monthly Gain
The offshore yuan strengthened to around 6.94 per dollar in January, extending gains for a fourth consecutive month, as exporters…
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South Korean Won Slips Amid Trade Uncertainty
The South Korean won weakened to around 1,437 per dollar, retreating from a near three-month high in the previous session,…
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Currency Talk – AUD/NZD, EUR/GBP and GBP/USD
The Overbalance analysis aims to identify three financial instruments, analyzed exclusively on a four-hour interval (H4). The analysis uses only…
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