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 holds positive ground above 0.8800 after UK CPI data
EUR/GBP drifts higher to around 0.8815 in Wednesday’s early European session. UK CPI inflation eased to 3.6% YoY in October…
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GBP/USD Ticks Lower After Mixed U.K CPI Print
UK CPI (M/M) Oct: 0.4% (0.4%; prev 0.0%) – CPI (Y/Y): 3.6% (est 3.5%; prev 3.8%) – CPI Core (Y/Y):…
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EUR/USD stays silent below 1.1600 as Fed rate cut bets recede
EUR/USD may further decline as the US Dollar gains amid declining Fed rate cut bets. The CME FedWatch Tool indicates…
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GBP/USD loses ground below 1.3150 ahead of UK CPI data
GBP/USD depreciates ahead of key economic data from the United Kingdom. The US Dollar receives support from the diminishing likelihood…
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NZD/USD tumbles below 0.5650 on RBNZ rate cut bets
NZD/USD slumps to around 0.5630 in Wednesday’s early European session, down 0.50% on the day. RBNZ rate cut bets exert…
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USD/CHF stands firm near 0.8000; await break through 50-day SMA ahead of FOMC minutes
USD/CHF attracts buyers for the fourth straight day amid a combination of supporting factors. A fall in Swiss GDP undermines…
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Japanese Yen sticks to modest gains amid safe-haven flow; lacks follow-through
The Japanese Yen attracts safe-haven flows on Wednesday amid intervention fears. A softer USD also exerts pressure on USD/JPY ahead…
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Chart of The Day – USD/JPY
The USD/JPY is currently trading around 155.40. Today’s movements remain clearly influenced by fundamental factors, with the balance of power between…
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GBP/USD remains subdued around 1.3150 as UK Chancellor Reeves abandons tax rises
GBP/USD struggles after UK Chancellor Rachel Reeves scrapped planned income-tax rises. The British Pound remains under pressure as softer economic…
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USD/INR opens flat despite improving US-India trade deal hopes
The Indian Rupee opens flat around 88.85 against the US Dollar. India’s Commerce Secretary Agarwal commented that the higher tariff…
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