Thu, March 28, 2024

NZD trading

Market Charts and Analysis

Daily Market Charts and Analysis September 02, 2021

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The British Manufacturing PMI inched lower at 60.3 points compared to July’s 60.4 points result. Nevertheless, the reported figure defied expectations of 60.1 points for August. The Nationwide HPI published on September 01 …

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How to choose currency pairs

How can you choose the best currency pairs for trading?

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 …

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Market Charts and Analysis

Daily Market Charts and Analysis August 05, 2021

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD Canada faces geopolitics and economic challenges amidst the pandemic. The manufacturing sector on August 03 posted 56.2 points for July’s PMI report. While the figure is a minor decline from the previous 56.5 …

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Dollar

Dollar Suffered Losses Ahead of the Latest U.S. Jobs Report

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 …

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AI

Foreign Exchange: The Globalized Decentralized Economy

The foreign exchange market is the largest in the world. It is a global decentralized or over-the-counter market for the trading of currencies. The forex market determines the exchange rates for every currency. Moreover, it includes buying, selling, and exchanging currencies at current or determined prices. The foreign exchange market is also called the Forex …

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Dollar Rose but Remained Below a Two-Month High on Tuesday

Dollar Rose but Remained Below a Two-Month High on Tuesday

The U.S. dollar was up but remained below its best result in two months on Tuesday morning in Asia. Investors are waiting for the U.S. employment data that could determine when the Federal Reserve will withdraw its stimulus measures. The dollar index which tracks the world’s reserve currency against a basket of other currencies advanced …

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Australian and New Zealand dollar

Australian and New Zealand dollars struck by weak oil

The Australian and New Zealand dollars began the week somewhat lower on Monday, following losses in oil and copper as coronavirus infections increase globally and notwithstanding bullish sentiment in more general Asian equities markets. The resource-sensitive Australian dollar increased to reach around flat at $0.7735 at midday, turning morning losses that forced the Aussie to …

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