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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USD/CAD – Hand holds 20-day EMA amid US-Iran war
USD/CAD flattens at around 1.3645 as both the US Dollar and the Canadian Dollar trade firmly. Upbeat US data and…
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Japanese Yen turns upside down against US Dollar as dovish Fed bets recede
The Japanese Yen surrenders its early losses and turns negative against the US Dollar as the latter recovers strongly. The…
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EUR/JPY Softens below 182.50, retains bullish bias above 100-day EMA
EUR/JPY weakens to around 182.35 in Thursday’s early European session. The cross retains a mildly bullish bias above the key…
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USD/INR plummets at open as RBI intervenes to support Indian Rupee
The Indian Rupee gains sharply in the opening trade against the US Dollar after the RBI’s intervention. FIIs selling and…
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USD/CHF remains stronger near 0.7800 on fading Fed rate cut odds
USD/CHF rises as the US Dollar strengthens on reduced expectations for Fed rate cuts. Strait of Hormuz disruptions lift energy…
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Korean Won Steadies on Market Support
The South Korean won steadied around 1,461 per dollar, halting a sharp selloff in the previous session that had driven…
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Offshore Yuan Steady Despite Lower GDP Target
The offshore yuan steadied around 6.89 per dollar on Thursday, as a stronger daily fixing helped offset cautious market sentiment…
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Dollar Edges Down After Two-Day Surge
The dollar index dipped about 0.3% below 99 on Wednesday, after rallying 1.5% over the previous two sessions, as traders…
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Trade of The Day – EUR/USD
Facts:Long term sentiment on EURUSD from the beginning of 2025 remains bullishThe pair bounced off the horizontal support at 1.1585…
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Offshore Yuan Remains Under Pressure
The offshore yuan depreciated past 6.92 per dollar on Wednesday, marking its fourth consecutive session of losses as the strengthening…
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