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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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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EUR/CAD steadies near 1.6160 as holiday trading limits volumes
EUR/CAD remains silent as light volumes persist in the holiday-shortened week ahead of Christmas. ECB’s Lagarde said policy is in…
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Japanese Yen stays firm amid safe-haven flows, intervention fears; lacks follow-through
The Japanese Yen kicks off the new week on a positive note amid a combination of factors. Reviving safe-haven demand…
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GBP/USD Ticks Higher After U.K GDP Data
UK GDP YoY Actual 1.3% (Forecast 1.3%, Previous 1.3%) UK GDP QoQ Actual 0.1% (Forecast 0.1%, Previous 0.1%) The data…
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Offshore Yuan Steady After PBoC Decision
The offshore yuan held steady to around 7.04 per dollar, hovering near a three-month high, as investors assessed the People’s…
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USD/CAD steadies near 1.3800 as Oil prices climb on supply fears
USD/CAD may rise as advancing Oil prices fuel concerns over potential supply disruptions. US–Venezuela tensions escalated after the US pursued…
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GBP/USD gains ground near 1.3400 ahead of UK Q3 GDP data
GBP/USD rises as Pound Sterling gains ground ahead of the UK’s third-quarter GDP release. Markets have fully priced in a…
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Australian Dollar holds gains following PBOC decision
Australian Dollar gains ground amid cautious sentiment surrounding the RBA policy stance. The People’s Bank of China left one- and…
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