Tag: Currency exchange rates
Australian Dollar Stable After China CPI Data: Analysis and Insights
The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the...
Mexican Peso Surges to 3-Day High, Ends Week with 1% Gain
The Mexican Peso experienced a surge to an eight-day high of 17.99 against the US Dollar before losing momentum and fluctuating within the 17.99...
Forex and Cryptocurrency Forecast for Traders – Action Forex
On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in...
Sunset Market Analysis – Actionable Insights for Forex Traders
European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also...
Eco Data Forecast for June 28, 2024 – Action Forex
On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI)...
Impact of UK General Election on Pound: Expert Analysis and Forecast
On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is...
Forex and Cryptocurrency Forecast: Expert Analysis and Predictions
The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices...
Silver Price Forecast: XAG/USD Drops Below $30 Amid Bearish Engulfing Pattern
Silver prices experienced a significant drop, falling 3.86% due to the influence of strong US Treasury bond yields and a robust US Dollar. The...
BoE August Rate Cut Increases, EUR/GBP Recovery Delayed
Thursday's statement from the Bank of England (BoE) indicates that there may be an interest rate cut coming soon, according to ING's FX Strategist...
USD/NOK Rises as Norges Bank Maintains Hawkish Stance
The Norges Bank made the expected decision to keep its interest rate steady at 4.5%, postponing any rate cuts until the first quarter of...