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 – EUR/USD
Facts The EURUSD pair rebounded to 1.155 after falling to the 200-day EMA near 1.15, gaining 0.8% as of 12:12 p.m. on Friday, November 7. U.S. House Speaker Mike…
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Offshore Yuan Falls on Disappointing Trade Data
The offshore yuan weakened to around 7.12 per dollar on Friday, reversing gains from the previous session as China’s unexpected…
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GBP/USD extends much-needed recovery as Cable recovers 1.31
GBP/USD gained ground on Thursday as the Pound stages a bullish recovery. The BoE may be much closer to delivering…
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EUR/JPY loses traction to near 176.50 despite ECB’s cautious stance
EUR/JPY softens to near 176.60 in Friday’s Asian session. Minutes of the BoJ’s September policy meeting kept hopes alive for…
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Australian Dollar remains subdued following China’s Trade Balance data
Australian Dollar moves little as China’s Trade Surplus eased to CNY640.4 billion in October, from CNY645.47 billion prior. The AUD…
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NZD/USD drifts lower below 0.5650 as China’s Trade Surplus narrows in October
NZD/USD declines to around 0.5620 in Friday’s Asian session. China’s trade surplus came in at $90.07 billion in October, narrowing…
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USD/CAD remains above 1.4100 near six-month highs despite Fed rate cut odds
USD/CAD maintains its position close to a six-month high of 1.4140, reached on Wednesday. The US Dollar lost ground after…
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Japanese Yen consolidates as BoJ rate hike uncertainty persist after weak data
The Japanese Yen bulls pause for a breather following the release of weaker domestic data. Fiscal concerns and the BoJ…
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Trade of The Day – NZD/CAD
Facts:NZDCAD has been trading in a downward trend from the end of OctoberThe pair bounced off the key horizontal resistance…
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DXY Falls Below the 100 Threshold
The dollar index eased to below the 100 threshold on Thursday, easing from the five-month high of 100.3 in the…
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