The foreign exchange or forex market is dynamic in which various currencies worldwide are traded. One of the prominent pairs in this market is the Japanese Yen (JPY) against the US Dollar (USD). The yen conversion has recently witnessed significant fluctuations due to various factors, including the US Dollar Index surge, rising US Treasury yields, …
Yen Conversion in the Forex Market: USD/JPY Dips Read More »
The US dollar remains a dominant force in the forex market, with its recent trajectory influenced by the Federal Reserve’s key interest rate hike. As expected, the Fed raised rates by 25 basis points, reaching levels not seen in over a decade. In this article, we will delve into the consequences of the rate hike …
In the fast-paced world of forex trading, the performance of a dollar holds significant influence over global financial markets. As investors eagerly monitor the US Dollar Index, recent developments indicate a shift in momentum. We will explore how key economic data releases have shaped the dollar’s trajectory and discuss its potential implications for traders looking …
A Dollar Journey in the Forex Market: Fed Decision Read More »
Forex day trading, an active form of trading in the foreign exchange market, involves buying and selling currency pairs within the same day. In recent developments, US Treasury yields surged ahead of the Federal Reserve meeting, bolstering the US Dollar, while the Euro faced challenges amid recession risks in the Eurozone. This article will explore …
Forex Day Trading: Navigating Volatility with Care Read More »
India’s foreign exchange reserves reached a historic $600 billion, surpassing levels not seen since May 2022. As of July 14, the forex reserves stood at an impressive $609 billion, signifying a 15-month high. The Indian economy’s remarkable achievement is driven by increased dollar inflows, cementing its position in the global forex market. This article will …
India Forex Reserves Surge: Global Interest Siren Read More »
Forex day trading remains a dynamic and fast-paced endeavor, and recent market movements have kept traders on their toes. The dollar showed resilience on Friday, bolstered by robust U.S. labor market data, potentially extending the Federal Reserve’s interest rate hike timeline. Simultaneously, the Japanese yen strengthened after Japan’s core consumer inflation accelerated in June. Therefore, …
Forex Day Trading: Key Factors Shaping the Markets Read More »
Forex day trading is a popular method for traders to capitalise on short-term fluctuations in currency pairs. In recent market developments, the US Dollar experienced a sharp decline following the release of inflation data, indicating a cooling trend. This article delves into the impact of data on currency pairs, assessing forex trading profitability and supply-demand …
Forex Day Trading: Profiting from Market Movements Read More »
Forex day trading allows traders to capitalise on short-term price movements in the foreign exchange market. To make informed trading decisions, traders closely monitor economic indicators that can significantly impact currency valuations. In this article, we explore the potential impact of the upcoming release of the US Consumer Price Index (CPI) data on forex patterns …
Currency exchange rates in the forex market are known for their inherent volatility and constant fluctuations. Traders and investors often face the task of actively managing their exposure to currency risks. Hedging forex is a popular strategy that helps mitigate these risks and protect against adverse movements in exchange rates. In this article, we will …
Hedging Forex: Mitigating Risks in the Forex Market Read More »
The foreign exchange market, or forex, is a global decentralised marketplace where currencies are traded. It offers individuals and businesses the opportunity to exchange one currency for another. In recent trading sessions, the US Dollar has experienced mixed results, weakening against some major currencies while gaining ground against commodity currencies. This article delves into the …
Buying Dollar Rate Surges: Rate Hike Expectation Read More »
The forex market, the largest and most liquid financial market in the world offers ample opportunities for traders to profit from currency fluctuations. To navigate this dynamic market successfully, it is essential to have a well-defined forex trading plan in place. This article explores key factors such as forex patterns, leverage in Forex, the best …
In June, Switzerland recorded annual inflation of 1.7 per cent, after 2.2 per cent in May. This is the lowest inflation rate in almost a year and a half. Inflation is still mainly driven by the prices of food and soft drinks. Inflation thus returned to the target range of the Swiss Central Bank between …
Inflation in Switzerland is the lowest in almost a year and a half Read More »
The European forex market remains a dynamic and intriguing arena for traders worldwide, characterised by its diverse currency pairs and significant economic developments. In this article, we delve into the recent performance of the European forex market, focusing on key currencies and economic indicators. From the US Dollar Index to the Euro and Pound, we …
An Overview of Forex Day Trading and Market Trends Read More »
The dollar index was lower on Friday (June 30th) after two consecutive days of gains, and economic data showed a reduction in spending, raising doubts about the potential aggressiveness of the US Federal Reserve (Fed) in fighting inflation. The results from the Department of the United States of America were also lower. The Commerce Ministry …
Citizens’ Reduced Purchasing Power Weakens the Dollar Read More »
The Australian dollar exchange rate has recently experienced a notable rebound, climbing steadily against the USD for the third consecutive day. Investor focus now shifts to the upcoming monetary policy decision by the Reserve Bank of Australia (RBA), scheduled for Tuesday. The central question is whether the RBA will increase its key rate by 25 …
Australian Dollar Rate Rises as RBA Decision Looms Read More »
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