The foreign exchange or forex market continues to be a bustling hub where currencies from around the world are traded every trading day. Two key currency pairs, EUR/USD and GBP/USD have recently shown significant movements. They have garnered close attention from investors and traders, including those interested in profitable forex trading and forex CFD. In …
Forex Market: EUR/USD and USD/JPY Gain Momentum In the fast-paced realm of forex trading, the currency markets have experienced notable momentum in recent times. This article presents a comprehensive analysis of the latest advancements in two major currency pairs, namely EUR/USD and USD/JPY, illuminating their trends and forthcoming economic indicators. Traders and investors carefully monitor …
The EUR/USD dipped throughout Friday’s trading session. However, it eventually recovered and showed signs of resilience. Meanwhile, investors were eager to take a little risk ahead of the weekend. The US dollar rose against a number of currencies. However, selling the Japanese yen became the largest mover of the day. The euro seems to continue …
This week’s forex market movement might be choppy. Participants hunt for the next fundamental driver. Following Wednesday’s underwhelming comeback, the US Dollar Index resumes its sideways crawl on Thursday. The forex risk sentiment remains neutral. The European Central Bank (ECB) will publish the minutes of its most recent policy meeting. Later, President Christine Lagarde will …
Forex: investors are looking for new catalysts in central bank Read More »
In the first half of the week, investors are looking for the next catalyst. Major currency pairings have struggled to make a significant move in either direction. Nonetheless, early Wednesday’s cautious market atmosphere appears to be aiding the US Dollar’s recovery. Later in the session, Eurostat will release revisions to the March Harmonized Index of …
Wednesday Forex: Everything you need to know about market Read More »
The U.S. dollar advanced in early European trade, with safe-haven demand amid ongoing banking volatility and ahead of a Federal Reserve policy meeting scheduled for this week. The dollar index traded up 0.1% at 103.470. The dollar decreased in value during the night following the revelation of emergency liquidity actions by prominent central banks in …
The U.S. Dollar Edged Higher and What is the Reason Read More »
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In early European trade, the US dollar rose after US consumer inflation (CPI) picked up in January. Meanwhile, sterling experienced a fall after the UK CPI rate cut. The dollar index (DXY), traded 0.34% higher at 103.458. US CPI was at 6.43% in January, short of the 6.2% analysts forecast. Moreover, a broadly viewed year-over-year …
The US dollar fell in early European trade Friday, remaining near seven-month lows amid concerns about a slowing US economy, while the sterling fell after weak retail sales data. The Dollar Index fell 0.1% to 101.750, just above the seven-month low of 101.51 set on Wednesday. Investors anticipate the Federal Reserve to slow interest rate …
The U.S. dollar retreated from a seven-month low on Tuesday. Meanwhile, the Japanese yen fell ahead of the Bank of Japan meeting. The Dollar Index increased 0.1% to 102.005 on Tuesday after falling to a seven-month low of 101.77 on Monday. Early on Tuesday, the dollar found some support, but the market now agrees that …
The US dollar fell in early European trade Friday, extending the previous session’s decline, as lower US inflation allowed the Federal Reserve to slow the pace of interest rate hikes. The US Dollar Index (DXY) fell 0.10% to 101.965 after falling to its lowest level since June earlier in the session. This week, the index …
The US dollar rose slightly in early European trade Tuesday but remained just above a seven-month low as traders awaited Fed Chair Jerome Powell’s speech for more clarity on the central bank’s rate hike cycle. The Dollar Index rose 0.22% to 102.960 after falling to a seven-month low of 102.93 the day before. The dollar …
The U.S. dollar was largely unchanged. Still, it gained against the Japanese yen after the Bank of Japan’s most recent minutes indicated that its accommodative monetary policy is likely to continue. The dollar, which measures the dollar’s value against a basket of 6 other currencies, traded largely unchanged at 103.870, up from the low point …
The dollar increased, extending the previous session’s substantial gains following strong U.S. services data. At the same time, the euro fell despite strong German industrial production figures. The dollar Index rose 0.1021% to 105.3102, following a 0.7% gain on Monday, its biggest since Nov. 21. The dollar rose Monday after the Institute for Supply Management’s …
Dollar Weakens, Yuan Rises The U.S. Dollar fell in early European trade on Tuesday, while the Chinese renminbi rose on hopes that the Chinese government will ease travel restrictions and increase risk appetite. The Dollar, which measures the value of the U.S. Dollar against a basket of six other currencies, fell 0.4011% to 106.165 after …
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