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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Japanese Yen flattens against US Dollar around 159.00 in countdown to Fed’s policy
The Japanese Yen trades calmly near 159.00 against the US Dollar ahead of the Fed’s policy announcement. Both the Fed…
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EUR/JPY Price – Tests upper descending triangle boundary near 183.50
EUR/JPY tests the immediate barrier around the upper descending triangle boundary at 183.40. The 14-day Relative Strength Index near 50…
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AUD/JPY Price – Positive bias prevails, eyes resistance above 113.50
AUD/JPY trades in positive territory near 113.00 in Wednesday’s early European session. The constructive outlook of the cross remains intact…
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Dollar Holds Decline Ahead of Fed Decision
The dollar index hovered around 99.5 on Wednesday after falling for two consecutive sessions, as investors awaited the latest Federal…
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Korean Won Firms on Softer Dollar
The South Korean won strengthened to around 1,486 per dollar, pausing recent losses amid a softer greenback, which marked its…
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Trade of The Day – USD/CHF
Facts: USDCHF rebounded from a horizontal support at 0.7879The price sits above the 100-period moving average from H1 interval Recommendation: Trade: Long…
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Chart of The Day – AUD/USD
The Reserve Bank of Australia raised its interest rate by 25 basis points to 4.10% at today’s meeting, in line…
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Currency Talk – AUD/USD GBP/JPY USD/JPY
This analysis from the Overbalance series aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The…
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Offshore Yuan Extends Recovery
The offshore yuan strengthened to around 6.884 per USD, extending its recovery from last week’s losses, as the economy signaled…
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NZD/USD seems vulnerable around mid-0.5800s; below 200-day SMA
NZD/USD drifts lower during the Asian session amid the emergence of some USD buying. A recovery in the global risk…
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