Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
In the dynamic realm of global currencies, staying attuned to market trends is crucial for making informed decisions. Amidst recent fluctuations, the spotlight is on the US Dollar, which has demonstrated resilience despite various economic indicators. This article delves into the factors influencing the buying dollar rate and explores the implications for investors seeking the …
Buying Dollar Rate Strategies Amidst Shifting Trends Read More »
Forex day trading is a dynamic and fast-paced strategy involving buying and selling currency pairs within the same day. Traders closely monitor economic data releases and market events to make quick and informed decisions. This article will examine how forex day traders can capitalise on the recent mixed economic data from the US and labour …
Forex Day Trading: Navigating Mixed Economic Data Read More »
In the fast-paced world of forex trading, where currencies fluctuate in response to various economic factors, the NZD/USD and AUD/NZD pairs have recently displayed notable movements. This article delves into the recent performance of these pairs, highlighting the impact of key events and upcoming economic reports on their exchange rates. From forex day trading strategies …
The recent suspension of the US debt ceiling, along with positive indicators from the global economy and hopes of stabilized US interest rates, have bolstered risk-sensitive currencies. Among them, the New Zealand dollar (NZD) has exhibited strength, with a rise of over 1% since the beginning of the month. Despite experiencing a sharp decline after …
Recent Developments Boost Risk-Sensitive Currencies Read More »
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 »
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 »
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 …
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Some significant changes have occurred in global markets this week. Harsh bear has influenced the crypto industry, causing other markets to struggle. How have Forex, Stocks, Crypto, and commodities performed this week? Our weekly overview will summarize this week’s market trends and outcomes. Forex Weekly Overview The U.S. dollar rose in early Asian trade on …
Weekly Overview: Forex, Stocks, Crypto, Commodity, June 17 Read More »
Global markets and trends change every day. Several big influencers cause price movements every second. How have Forex, Stocks, Cryptocurrencies, and Commodities performed this week? Our weekly overview will answer that question and summarize the week’s performance. Forex Weekly Overview The dollar rose in early Asian trade on Friday ahead of U.S. inflation data and after …
Weekly Overview: Forex, Stocks, Crypto, Commodities June 10 Read More »
There were some notable ups and downs in global markets this week. Our weekly overview of forex, stocks, crypto and commodity markets will summarize this week’s overall global market performance and give you ideas on how to act and prepare for future market trends. Forex Weekly Overview The dollar was on the defensive yesterday as …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 27 Read More »
On Friday, the Australian and New Zealand currencies had back-to-back weekly gains; the pair was supported by forecasts of rising interest rates and surging commodities prices, which have pushed the Australian dollar to a six-year high. The Australian dollar (AUD=D3) remained steady at $0.7511 after hitting a four-and-a-half-month high of $0.7527 overnight. The high of $0.7555 in …
The comeback in Australia’s and New Zealand’s currencies and a strong employment market support a rate rise by the Reserve Bank of Australia. On Thursday, the Australian and New Zealand currencies recovered as positive domestic data drove bond yields higher, driving the Aussie to low-yielding yen highs not seen since early 2018. In another of …
Australia Rebounds, Rising Currency, Falling Unemployment Read More »
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