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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US Dollar Index (DXY) flat lines below mid-98.00s as traders await US inflation data
USD struggles to attract any follow-through buying amid dovish Fed expectations. Traders also seem reluctant to place aggressive bets ahead…
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USD/CAD holds near 1.3800 amid market caution ahead of US CPI data
USD/CAD maintains its position as traders adopt caution ahead of the delayed US Consumer Price Index report. Fed’s Waller said…
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EUR/USD Price Forecast: Could test 1.1750 amid strengthening bullish bias
EUR/USD may approach the two-month high of 1.1804. The 14-day Relative Strength Index stands at 67.47, indicating strong upside momentum.…
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AUD/JPY Price Forecast: Edges lower below 103.00, but stays supported above 100-day EMA
AUD/JPY drifts lower to near 102.70 in Thursday’s early European session. The cross keeps the bullish vibe above the key…
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EUR/JPY hovers near 183.00 amid concerns over Japan’s deteriorating fiscal outlook
EUR/JPY holds steady as the Japanese Yen stays under pressure amid concerns over Japan’s weakening fiscal outlook. Japan’s PM Sanae…
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Japanese Yen remains confined in a range as traders await BoJ rate decision on Friday
The Japanese Yen consolidates in a range as traders seem reluctant ahead of the BoJ meeting. Bets for an imminent…
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USD/INR opens flat on hopes of RBI’s follow-through intervention
The Indian Rupee flattens against the US Dollar at around 90.80 after a sharp recovery move on Wednesday. FIIs turned…
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Chart of The Day – GBP/USD
The British pound is today the weakest G10 currency, after a significantly weaker-than-expected inflation report opened the door wide for…
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Dollar on Defensive After Mixed Jobs Report
The dollar index steadied above 98 on Wednesday, but stayed close to its lowest levels in more than two months,…
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Offshore Yuan Retreats on Weak Fixing
The offshore yuan slipped to around 7.04 per dollar on Wednesday, retreating from a fourteen-month high reached in the previous…
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