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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EUR/GBP weakens below 0.8750 as BoE hints at slower easing pace
EUR/GBP softens to near 0.8725 in Wednesday’s early European session. The BoE’s cautious stance, which signaled that the pace of…
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South Korean Won Hits Over 1-Month High
The South Korean won climbed 1.5% to around 1,457 per dollar on Wednesday, recovering from multi-month lows to its strongest…
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Offshore Yuan Hits Fresh 15-Month Peak
The offshore yuan strengthened to around 7.01 per dollar on Wednesday, hitting a fresh fifteen-month high, driven by the strong…
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Trade of The Day – EUR/AUD
Facts: The EURAUD exchange rate has fallen below the 200-day exponential moving average (EMA200; black). Latest minutes from the Reserve…
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EUR/GBP declines below 0.8750 as UK GDP matches forecasts
EUR/GBP weakens to around 0.8730 in Tuesday’s early European session. The UK economy expanded 0.1% QoQ in the third quarter,…
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USD/CHF slips below 0.7900 ahead of Swiss ZEW Expectations survey
USD/CHF declines ahead of the Swiss ZEW Expectations survey for December due on Tuesday. The US Dollar struggles on growing…
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Japanese Yen rises on Katayama’s strong intervention warning, safe-haven flows
The Japanese Yen scales higher against a weaker USD for the second straight day. Intervention fears and BoJ rate hike…
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Australian Dollar remains stronger as US Dollar weakens on Fed easing hopes
Australian Dollar appreciates after the release of the Reserve Bank of Australia’s Minutes of its December meeting. RBA Meeting Minutes…
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EUR/USD Eyes 1.1800 barrier near two-month highs
EUR/USD could target the two-month high of 1.1804. The 14-day Relative Strength Index near 69 signals strong demand but risks…
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AUD/JPY Softens near 104.00 amid intervention fears, broader uptrend prevails
AUD/JPY softens to around 104.05 in Tuesday’s early European session. The cross keeps the upward bias above the key 100-day…
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