Forex
The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. 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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Pound Sterling slumps as BoE Mann votes for holding key rates steady at 5.25%
The Pound Sterling drops sharply from 1.2800 after the BoE keeps interest rates unchanged at 5.25%. Eight out of nine BoE’s…
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EUR/JPY Price Analysis: Bullish momentum upheld, short-term market correction on the horizon
The daily RSI was rejected near the overbought region. Hourly chart indicators show a shift in short-term dynamics, with sellers gaining…
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The market is right to be wary of too much Dollar strength – Commerzbank
Economists at Commerzbank review Wednesday’s FOMC meeting and its implications for the US Dollar (USD). The story may be the…
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Swiss Franc declines after SNB cuts policy rate to 1.50%
The Swiss Franc weakens after the Swiss National Bank decides to cut interest rates from 1.75% to 1.50%. The move…
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EUR/USD retreats after release of weak Eurozone Manufacturing data
EUR/USD slumps after German and Eurozone PMI data show contraction in Manufacturing. The move pares gains made after the dovish hold…
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Mexican Peso under siege as Banxico rate reduction looms
Mexican Peso weakens as investors eye Banxico policy decision on Thursday. Mexico’s retail sales data indicate cautious consumer spending, setting…
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USD/CHF Moves to Four Month High
USDCHF is making a big move today as US dollar is the best performing major currency, while Swiss franc is…
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GBP/USD Price Analysis: The immediate upside barrier is seen at the 1.2800 mark, BoE rate decision looms
GBP/USD trades on a stronger note near 1.2790 ahead of the BoE rate decision. The pair keeps the bullish vibe above…
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EUR/JPY trades on a weaker note above 165.00, Eurozone PMI data eyed
EUR/JPY trims gains near 165.15 amid renewed JPY demand. The potential of another hike from BoJ before the end of…
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AUD moves higher amid a weaker US Dollar, awaits US PMI data
Australian Dollar extends gains on positive economic data from Australia. Australian Employment Change surged to 116.5K in February, exceeding expectations…
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