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.
-
Aussie Dollar Weakens as Greenback Firms
The Australian dollar weakened to around $0.69 per dollar on Monday, trimming gains from the previous week as a firmer…
Read More » -
Offshore Yuan Approaches 33-Month High
The offshore yuan strengthened to around 6.95 per dollar on Monday, reversing the previous week’s losses and approaching a thirty-three-month…
Read More » -
EUR/USD slides as Warsh Fed pick, hot US PPI supercharge Dollar rally
EUR/USD tumbles 0.75% as Kevin Warsh’s Fed nomination boosts US yields and Dollar demand. Hot US producer inflation reinforces the…
Read More » -
Mexican Peso Pulls Back From Mid-2024
The Mexican peso weakened past 17.4 per US dollar, giving back part of its strong monthly gains that drove it…
Read More » -
EUR/USD Moves Lower Amid U.S PPI Inflation Report
Final US PPI (m/m) for December: 0.5% (forecast 0.2%; previous 0.2%) Final PPI (y/y): 3.0% (forecast 2.8%; previous 3.0%) Core PPI excluding…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
