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.
-
Won Strengthens on Budget Approval, Policy Optimism
The South Korean won strengthened to around 1,467 per dollar on Monday, recovering from multi-month lows as sentiment was bolstered…
Read More » -
Offshore Yuan Steady After Trade Data
The offshore yuan steadied around 7.06 per dollar on Monday, with market sentiment remaining subdued amid strong foreign demand and…
Read More » -
Trade of The Day – EUR/USD
Facts: The rate maintains an upward dynamic according to the structure of the EMA100 and EMA200 averages. The MACD line…
Read More » -
Dollar Set for Second Weekly Decline
The dollar index steadied around 99 on Friday but was still poised for a second straight weekly decline, weighed down…
Read More » -
Trade of The Day – GBP/USD
Facts:The price broke above key resistance at 1.3212GBPSUD invalidated 1:1 structureThe price sits above the 100-period moving average from D1…
Read More » -
GBP/USD softens below 1.3350 on renewed US Dollar demand
GBP/USD weakens to near 1.3330 in Thursday’s Asian session. Softer US economic data and the prospect of White House economic…
Read More » -
EUR/USD eases from October highs amid USD uptick; holds above mid-1.1600s
EUR/USD struggles to capitalize on the overnight strong gains amid a modest USD recovery. The divergent Fed-ECB policy expectations back…
Read More » -
Yen Firms Up on BOJ Rate Hike Bets
The Japanese yen strengthened toward 155 per dollar on Thursday, trading near its highest level in more than two weeks…
Read More » -
Offshore Yuan Retreats on Weak Fixing
The offshore yuan weakened to around 7.05 per dollar, retreating from a more than one-year high in the prior session…
Read More » -
Chart of The Day – AUD/USD
AUDUSD continues its rally, adding another 0.3% amid broad dollar weakness and the newest GDP print for Australia. Data came in…
Read More »
