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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South Korean Won Nears 2009 Lows
The South Korean won weakened just below 1,490 per dollar, extending losses near its weakest level since 2009, as surging…
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Offshore Yuan Extends Fall, Still Eyes Weekly Gain
The offshore yuan depreciated to around 6.88 per dollar on Friday, extending losses from the previous session as investors weighed…
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Chart of The Day – EUR/USD
The EURUSD pair remains under downward pressure, trading around 1.1530 USD per euro. Today’s price movements are being shaped by both global…
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Trade of The Day – NZD/CAD
Facts: Short term sentiment remains downward from the beginning of FebruaryThe price reacted to the upper limit of 1:1 structure at…
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EUR/USD slips below 1.1550 as US Dollar gains on heightened inflationary risks
EUR/USD weakens as a stronger US Dollar gains on rising energy prices. WTI price climbed as tightening supply from the…
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NZD/USD falls to near 0.5900 as risk aversion increases on Middle East war
NZD/USD weakens as a stronger US Dollar gains on rising energy prices. US Dollar Index rises toward three-month highs above…
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AUD/USD Price Moves away from multi-year top, slides to 0.7125 amid firmer USD
AUD/USD drifts lower on Thursday and snaps a four-day winning streak to a multi-year peak. Rising Middle East tensions continue…
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USD/CHF gains above 0.7800 amid Fed hawkish hold expectations
USD/CHF gains momentum to near 0.7820 in Thursday’s early European session. Fed is anticipated to leave the interest rate unchanged…
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Offshore Yuan Falls on Strong Dollar
The offshore yuan weakened to around 6.88 per dollar on Thursday, pressured by a strengthening US dollar. The greenback gained…
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Dollar Firms Up on Inflation Fears
The dollar index climbed toward 99.5 on Thursday, rising for the third straight session as oil prices resumed their rally,…
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