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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Euro Wanes as German Manufacturing Plunges Amid Mixed Eurozone PMI Readings
The Euro is trading lower following the release of the final preliminary Purchasing Managers’ Index (PMI) data for December, which…
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EUR/USD holds gains ahead of Eurozone business activity figures
The EUR/USD trades broadly steady at 1.1750, with highs of 1.1760-1.1770 in focus. Eurozone PMIs are expected to show a…
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USD/CHF trades calmly near 0.7960 in countdown to US NFP
USD/CHF flattens around 0.7960 ahead of the combined US NFP report for October and November. The US NFP is expected…
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USD/INR rallies further even as India’s trade deficit shrinks
The Indian Rupee continues to decline against the US Dollar amid consistent FIIs selling in the Indian stock market. India’s…
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EUR/GBP trims gains below 0.8800 after UK labor market report
EUR/GBP holds positive ground around 0.8785 in Tuesday’s early European session. UK Unemployment Rate climbed to 5.1% in three months…
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GBP/JPY rebounds from over one-week low, back above 207.00 after UK jobs data
GBP/JPY attracts sellers for the fourth straight day, though the downside remains cushioned. The mixed UK employment details offer support…
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Offshore Yuan Hits Fresh 14-Month Peak
The offshore yuan strengthened to around 7.04 per dollar, reaching a fresh fourteen-month high amid growing calls for a stronger…
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Australian Dollar Falls on Weak Data
The Australian dollar depreciated past $0.662 per US dollar, marking its fourth consecutive session of losses as investors weighed weak…
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Trade of The Day – USD/JPY
Facts: USDJPY has moved below the 10-day and 30-day exponential moving averages (EMA10 – yellow, EMA30 – light purple). The…
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USD/CHF flat lines near 0.7950 as traders await US employment reports
USD/CHF trades flat around 0.7960 in Monday’s early European session. Traders await the US employment reports for October and November,…
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