Tag: currency exchange

The EUR/USD pair saw a rebound on Friday after poor US Nonfarm Payroll (NFP) data led to a decline in the value of the Greenback. This drop in the US Dollar was a result...

AUDUSD has been on a downward trend since July 11, dropping to its lowest level since May 1. The pair has broken both its 50- and 200-day simple moving averages, indicating a bearish market...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to understand that leverage can increase the level of risk and potential losses. Before engaging in...

The EUR/USD pair experienced a dip to 1.0825 last week but has since been moving sideways. The initial bias for this week remains neutral, with a further fall likely as long as the minor...

Last week, EUR/USD saw an increase to 1.0947 before pulling back. The current outlook for this week is uncertain, with the possibility of a further increase as long as the minor support level of...

Global core bonds saw some gains ahead of the release of US retail sales data. UK gilts performed slightly better than Bunds and Treasuries as investors prepare for the upcoming June CPI numbers. There...

The GBP/USD pair saw a significant breakthrough last week, surpassing the 1.2859 resistance level and confirming a continuation of the rally that began at 1.2298. As we look ahead to the coming week, the...

The upcoming events in the market for the week of July 15-19 are as follows:On Monday, we have various events including the New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales,...

Last week, the US saw a significant selloff in mega-cap tech stocks following lower-than-expected inflation data. This led to a shift towards riskier areas of the market, with the Russell 2000 emerging as the...

The pound is currently experiencing a significant breakout, with gains in nine out of the past 10 days, including three substantial increases in a row. This surge can be attributed to the recent clarity...

Last week's key insights revolve around the Westpac-MI Consumer Sentiment Survey, indicating a 1.1% decrease in the headline index to 82.7. This decline reflects ongoing household pessimism due to concerns about inflation and potential...

The AUD/NZD pair saw a significant surge to 1.1090, reaching multi-year highs, following the recent decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ opted to keep the Official Cash Rate (OCR)...

The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...

The Pound Sterling saw a rise to 1.2842 against the US Dollar following comments from the Bank of England's Huw Pill cautioning against making policy decisions based on single data points. The GBP/USD pair...

The Japanese Yen (JPY) faced challenges in the foreign exchange (FX) markets due to Japanese individuals making overseas asset purchases through the Nippon Individual Savings Account (NISA) program. This tax-free investment scheme has led...

The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data released on Friday. This has led to speculation that the...

Thomas Jordan, the Chairman of the Swiss National Bank (SNB), recently discussed the Swiss franc and the bank's potential intervention in the foreign exchange market in an interview with Le Temps. Jordan emphasized the...

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite the better-than-expected NFP figures, concerns about rising unemployment and slowing...

The Pound Sterling has shown remarkable strength in the currency market, especially after the recent UK parliamentary elections where Keir Starmer's Labour Party secured an outright majority win. This victory has brought much-needed stability...

USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum in the market. The price is currently approaching the lower...

The US markets were closed for a holiday, and the impact of the US Dollar Index (DXY) on Oversea-Chinese Banking Corporation Limited (OCBC) was significant. The USD fell for the second day in a...

In the first half of 2024, there has been a noticeable increase in the momentum of dedollarisation in the global financial landscape. This movement is primarily fueled by a variety of geopolitical, economic, and...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...

The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session on Friday. Investors are eagerly awaiting the release of the...

The GBP has been trading at a 'political premium' in anticipation of the upcoming elections, as there is a belief that political stability will be achieved. Recent polls suggest that Labour is likely to...

USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting below the 158.35-159.00 range. The possibility of BoJ intervention is...

The US Dollar (USD) is expected to increase in value according to analysts at UOB Group. However, they do not foresee the USD reaching the major resistance levels at 7.3000 and 7.3100.In the short-term...

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...

The EUR/USD pair bounced back strongly from a weekly low of 1.0670 in Monday's European session as the demand for risky assets increased. This was fueled by speculations that the Federal Reserve (Fed) might...

The USD/CAD pair stopped its six-day losing streak and is currently trading around 1.3700 in the Asian session on Monday. This turnaround was prompted by higher-than-expected US Purchasing Managers Index (PMI) data, which boosted...