Yesterday, as expected, the FOMC statement announced that there would be no rates hike, but the tapering to QE would start this month. The process would last until the middle of 2022, at a speed of a $15 million monthly reduction. This seems to be a significant policy shift of monetary policy in a less accommodative …
Forex Today: FOMC Starts Tapering But No Price Hike Read More »
On Wednesday, the dollar held in a distance of the year’s peaks on the euro and yen. It followed the fact that investors waited for the Federal Reserve to begin slowing down pandemic-era policy support quicker than central banks in Japan and Europe. Moves were slight in Asia before the Fed’s meeting later in the …
The U.S. dollar fell on Friday morning in Asia. The greenback is on track for its first weekly decline since the start of September. The dollar retreated from a one-year high as investors focus on when the country’s central bank will start to hike interest rates. The U.S. Dollar Index that tracks the U.S. currency …
The U.S. currency rose on Friday morning in Europe, on track for its best week in several months, as traders position for a tighter U.S. monetary policy in the near future. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% at 94.315. At 2:55 AM ET, the …
Dollar is on Course for its Best Week Since June Read More »
According to a Reuters report on Monday, Stakeshop Pty Ltd will begin offering AUD$3 ($2) brokerage services in Australia. They are listing stocks on local exchanges. In the country’s industry, the arrival of a discounted broker may shake things up. “There hasn’t been a major shift in the industry since brokerages began using electronic trading …
Stakeshop to Offer Discounted Brokerage Service in Australia Read More »
The U.S. dollar rose on Wednesday, thanks to higher Treasury yields, caution ahead of the European Central Bank’s policy meeting as well as concerns regarding global growth. The dollar index which tracks the U.S. currency against a basket of six other currencies added 0.1% to 92.635 at 2:55 AM ET. The index was close to …
The U.S. dollar rose on Tuesday, though it remained near recent lows due to last week’s worse than expected jobs report. Meanwhile, attention turns to several central bank meetings during the week. The dollar index which tracks the U.S. currency against a basket of six currencies rose 0.2% to 92.215 at 2:55 AM ET. The …
Dollar Rose Ahead of Several Central Bank Meetings Read More »
The U.S. Dollar rose on Tuesday morning but remained near two-week lows. Moves were mostly light as the month draws to a close, with the latest U.S. jobs report, including non-farm payroll numbers, due in several days. The U.S. dollar index gained 0.01% to 92.662 by 10:28 PM ET (2:28 AM GMT). The USD/JPY pair …
The U.S. dollar suffered losses on Monday morning in Asia in the wake of Federal Reserve Chair Jerome Powell’s speech on bond tapering at the Jackson Hole Symposium on Friday. The U.S. dollar index that tracks the U.S. currency against a basket of other currencies fell 0.06% to 92.640. The USD/JPY pair fell 0.06% to …
Jerome Powell’s Dovish Speech Affected U.S. Dollar Read More »
One of the essential things in trading is to choose the right currency pair, combined with the right trading strategy. Choosing the right one may get huge profits while selecting the wrong pairing will cause losing money. This is one of the similarities between the foreign exchange market and the stock market: we are trading …
How can you choose the best currency pairs for trading? Read More »
The U.S. dollar declined on Monday morning in Asia, remaining near a one-week low. The U.S. currency slumped the most in almost seven weeks on Friday, after a sharp decline in U.S. consumer confidence reduced the chance of a tighter U.S. Federal Reserve monetary policy. The U.S. dollar index that tracks the U.S. currency against …
The U.S. dollar declined on Monday morning in Asia. The U.S. currency opened a busy week ahead, including the latest U.S. jobs report as well as the Reserve Bank of Australia’s policy decision, just above a one-month low. The dollar index that tracks the U.S. currency against a basket of other currencies declined 0.12% to …
Dollar Suffered Losses Ahead of the Latest U.S. Jobs Report Read More »
The U.S. currency was up but remained below its recent highs on Wednesday morning in Asia. The dollar rose on Wednesday morning thanks to ripple effects from the crackdown in China and caution ahead of the Federal Reserve’s latest policy decision. The dollar index that tracks the U.S. currency against a basket of other main …
U.S. Dollar Rose Thanks to a Combination of Factors Read More »
The dollar traded mostly unchanged in early European trading, on the back foot as risk appetite returned to foreign exchange markets ahead of the European Central Bank’s policy-setting meeting. The dollar index which tracks the U.S. currency against a basket of six other currencies traded at 92.767. The EUR/USD gained 0.1% to 1.1797, climbing from …
U.S. Dollar Traded Unchanged Ahead of ECB Meeting Read More »
The U.S. dollar traded largely unchanged in Europe on early Thursday, stabilizing after Wednesday’s weakness following Fed Chair Jerome Powell’s speech in Congress. Powell insisted that it was too soon to withdraw the Federal Reserve’s monetary support for the economy. At 2 AM ET, the dollar index, which tracks the U.S. currency against a basket …
Dollar Traded Largely Unchanged on Thursday Morning Read More »
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