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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When are the German/ Eurozone flash HCOB PMIs and how could they affect EUR/USD?
German/ Eurozone flash PMIs Overview The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for January is due for…
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Offshore Yuan Gains on Stronger Fixing
The offshore yuan edged higher to around 6.95 per dollar, snapping a two-session losing streak as the central bank set…
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Trade of The Day – AUD/NZD
Facts: AUDNZD rebounded this week from the 240-period exponential moving average (EMA240) on the H4 timeframe. The price remains above…
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Chart of The Day – AUD/USD
The Australian dollar is dominating today’s FX session, gaining as much as 0.7% against the U.S. dollar following the release…
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Forex Talk – AUD/USD, EUR/AUD And AUD/NZD
The Overbalance analysis aims to identify three financial instruments, analysed exclusively on a four-hour interval (H4). The analysis uses only…
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Euro Holds Near Two-Week High
The euro was little changed at $1.17, near its strongest level in two weeks, as US-Europe tensions appeared to ease…
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Pound Holds Above Four-Week Low
The British pound hovered around $1.34, staying above the four-week low of $1.338 touched on January 15, as US-Europe tensions…
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US Dollar Index stalls below 98.90 awaiting US growth, inflation data
DXY recovery from 98.26 lows stalls below 98.90, remains 0.6% down on the week, Trump’s softer tone towards Europe has…
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EUR/CAD holds losses near 1.6150 despite lower Oil prices, easing US-EU tensions
EUR/CAD may rise as the commodity-linked Canadian Dollar could struggle amid lower Oil prices. WTI struggles as oversupply concerns offset…
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EUR/USD Price Forecast: Tests 1.1700 barrier after EMAs rebound
EUR/USD rebounded from the confluence around 50-day and nine-day EMA at 1.1674 and 1.1672, respectively. The 14-day Relative Strength Index…
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