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/CHF Price Forecast: Stays range-bound below 0.8000
USD/CHF trades at 0.7956, flat on the day but up 0.25% for the week. Price capped by 20- and 50-day…
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EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance
EUR/USD steady, set for 0.21% weekly loss but holding three-day streak above key support. US CPI misses forecasts, reinforcing 96%…
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US Dollar Index (DXY) consolidates around 99.00 with all eyes on the US CPI
The US Dollar consolidates gains within a narrow range around 99.00. Investors await the release of the US CPI, due…
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Euro Holds Near $1.16 as Eurozone PMI Surges Ahead of US Inflation
The euro hovered around $1.16 as investors digested flash Eurozone PMI data and awaited delayed US inflation figures due later…
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EUR/GBP Muted Despite Solid U.K. PMI Data
09:30 AM BST, United Kingdom – PMI Data for October: S&P Global Services PMI: actual 51.1; forecast 51.0; previous 50.8; S&P Global Manufacturing PMI:…
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Chart of The Day – USD/JPY
The USDJPY pair remains around 152.50, recovering from losses after the recent strengthening of the yen, which reacted to the…
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EUR/USD retraces previous gains in a choppy trading session
The Euro explores levels below 1.1600 as the previous recovery attempt failed. markets are looking for direction with investors awaiting…
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Offshore Yuan Steady
The offshore yuan held steady around 7.12 per dollar on Wednesday, as markets remained cautious amid developments in US-China trade…
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Pound Weakens as Soft UK Inflation Data Boost Rate Cut Bets
Sterling extended losses toward $1.33, its weakest level in a week, after inflation data came in below market expectations, fueling…
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EUR/JPY rises on Yen weakness after coalition confirmation, Euro weighed by data
EUR/JPY rises on Monday, supported by JPY weakness after confirmation of a political coalition in Japan. Markets expect incoming Prime…
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