The dollar drifted lower in early European forex exchange trade on Monday. Vaccine optimism and expectations of more of Federal Reserve bounty see traders leave from the safe haven. The Dollar Index was down 0.1% at 91.705 at 3:55 AM ET (0755 GMT). It‘s down to its lowest level since April 2018. Also, it’s set …
The dollar weakened in early European forex trade on Friday. It was set to post weekly losses with traders anticipating large-scale stimulus from the new administration in fighting the pandemic. The Dollar Index was down 0.1% at 91.892. It was near the three-month low since late Thursday at 3:55 AM ET (0755 GMT). Until after …
Dollar Weakens; Hopes on Stimulus to Combat Pandemic Read More »
The dollar declined on Tuesday morning in Asia’s forex exchange and riskier currencies were boosted. This came as U.S. President-elect Joe Biden is set to nominate Janet Yellen as the Secretary of the Treasury. By 10:02 PM ET or 2:02 AM GMT, the U.S. Dollar Index dropped 0.03% to 92.487. The dollar hit its lowest …
Dollar Down Over News on Election Clarity, COVID-19 Vaccine Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The United Kingdom continues to outperform its peers in Europe. While the EU and its member states are expecting lower results for today’s report on Composite, Manufacturing, and Services PMI, forecasts for the …
Daily Market Charts and Analysis November 23, 2020 Read More »
Spot gold climbed 0.26%, while silver gained 0.53% at the start of the week during the Asian session. Japan is off for Workers Day, and the sentiment is quite positive. However, the ASX is currently trading 0.34% higher and the Shanghai Composite is performing well, up by more than 1%. According to reports, US President-elect …
Gold and Silver Towards High into the EU Session Read More »
The dollar halted its slide in forex exchange on Friday. This came after the U.S. Treasury Secretary Steven Mnuchin’s call to end some of the Federal Reserve’s pandemic lending. It was derailing a risk rally and surprising investors who had counted on the Fed’s support. Mood was previously positive as the U.S. Senate Republican and …
Dollar Halts Slide as Mnuchin Calls an End to Fed’s Lending Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF Overall weakness in British fundamentals will be its major driver. The United Kingdom is projected to suffer over the recent veto from Hungary and Poland, affecting the deal on trade talks as the …
Daily Market Charts and Analysis November 19, 2020 Read More »
The yen sat near a one-week high in forex and a steady U.S. dollar held commodity currencies in check. Worries about the growing number of virus cases tempered optimism around promising vaccine trials. At 104.14 per dollar, the Japanese currency has regained more than half of the losses it suffered last week. That was after …
Yen Recovers as Looming Winter Chills Vaccine Hopes Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURRUB It’s a quiet day for the eurozone’s economic calendar. Although Brexit talks could leave the single currency at a disadvantage, progress seen in surrounding economies should benefit it instead. Another pharmaceutical giant Moderna …
Daily Market Charts and Analysis November 17, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDBRL Economic activity in Brazil rose for the fifth month in September, according to its central bank’s announcement last Friday. The South American country is projected to continue its solid recovery from the third …
Daily Market Charts and Analysis November 16, 2020 Read More »
The dollar was down on Monday morning in Asia’s forex exchange. The ever-increasing number of coronavirus cases are counterbalancing hopes for a vaccine that works. Once available, it can kickstart the economic recovery from the virus. On Sunday in Asia, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP) trade deal. The agreement stimulates investors’ …
Dollar Down as COVID-19 Cases Continue to Rise Globally Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNZD The kiwi dollar is expected to continue its outperformance for the week after the Reserve Bank of New Zealand hinted that it’s less driven to implement the initially planned negative interest rate policy, …
Daily Market Charts and Analysis November 13, 2020 Read More »
The state of Greece’s economy was far from being ideal even before the coronavirus pandemic. The tourism industry plays an important role in the country. However, the pandemic created a lot of problems for the economy. Greece is struggling to cope with challenges associated with the ongoing situation. Greece introduced new tax incentives in an …
The coronavirus pandemic remains one of the most discussed topics in the world for more than six months. Unfortunately, governmental as well as private organizations are struggling to cope with problems caused by the pandemic. Moreover, even the countries with the largest economies in the world suffered significant losses. It is worth noting that the …
U.K. Economy in the Third Quarter and Main Findings Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK The market will pay more attention to the eurozone’s economic calendar today. After all, the ZEW Economic Sentiment figures for Germany and the overall eurozone area are due for announcements. Despite Biden’s victory, …
Daily Market Charts and Analysis November 10, 2020 Read More »
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