Tag: Currency trading

Unlocking the mystery behind how the interbank market powers forex trading reveals secrets that many traders wish they knew earlier. Ever wondered why some forex traders seem to have an edge over others? The...

Are you curious about What Is the Forex Spot Market? Discover Its Power and Secrets? If you've ever wondered how traders make lightning-fast currency exchanges or why the forex spot market is considered the...

What Is Traded in the Forex Market? Discover Powerful Insights! If you’ve ever wondered what exactly is traded in the forex market, you’re not alone. The world of forex trading is vast, dynamic, and...

When it comes to diving into the world of investments, many traders often wonder, what makes Forex different from other financial markets? This question sparks a lot of curiosity because the Forex market, also...

What Is the Forex Market and Why Does It Matter? Discover Now! If you’ve ever wondered what is the forex market and why it plays a crucial role in global finance, you’re in the...

Why inflation reports shake forex markets is a question that puzzles many traders and investors worldwide. At the core, these reports reveal critical data about the economy’s health, but the surprising effects they trigger...

The GBP/USD pair saw a boost on Friday following a significant miss in the US Nonfarm Payrolls (NFP) data. The US job market showed signs of cooling down as the NFP revealed the lowest...

The Australian Dollar has shown signs of recovery against the US Dollar after disappointing US jobs data caused a sharp drop in the USD. However, the economic weaknesses in Australia and the increasing expectations...

The recent US jobs report revealed weaker data than expected, causing a stir in the bond market. With only 114,000 jobs added in July, below the anticipated 175,000, and other key figures missing the...

EUR/USD surged close to the 1.0900 mark as the US Dollar weakened following a disappointing US NFP report for July. The report revealed a significant slowdown in US labor demand, with new job additions...

The US Dollar has seen some mild selling pressure, hovering around 104.20 during the European session. This slight decline comes after concerns about a slowdown in the US economy, following disappointing data from the...

The Pound Sterling faced a decline in Wednesday's London session, hovering near 1.2825 against the US Dollar, as investors awaited the outcome of the Bank of England's (BoE) interest rate decision on Thursday. Speculation...

GBP/JPY managed to bounce back above the 196.00 level after the Bank of Japan (BoJ) announced its interest rate decision. The BoJ decided to increase the short-term rate target by 15 basis points, moving...

The currency market is set to experience significant events in the upcoming week, with important meetings scheduled for Wednesday and Thursday. The Bank of Japan and the Federal Reserve’s FOMC will convene on Wednesday,...

In the trading world, the NZD/USD pair has shown some signs of a slight rebound recently, settling near the 0.5900 mark after facing a strong bearish influence. Despite this small bounce, the pair had...

Foreign exchange trading can be a risky venture, not suitable for all investors. It's important to be aware of the risks involved, especially with leverage, which can increase the potential for loss. Before diving...

The Bank of England (BoE) is expected to maintain the Bank Rate at 5.25% on August 1st, despite market expectations for a 25bp cut to 5.00%. The decision is anticipated to be very close,...

The euro initially dropped on Wednesday but has since bounced back. In the current North American trading session, EUR/USD is at 1.0860, showing a 0.07% increase for the day.Eurozone PMI numbers came in weaker...

EUR/USD and USD/CHF Trends AnalysisIn the world of forex trading, the EUR/USD and USD/CHF pairs have been making significant movements. Let's take a closer look at the technical analysis for these currency pairs.EUR/USD Technical...

Credit Agricole analysis indicates that the British Pound (GBP) remains a strong contender among G10 currencies, despite facing challenges such as increased risk aversion and higher-than-expected UK inflation. The GBP's resilience is linked to...

The US Dollar continues to face pressure as recent data shows strong growth alongside decreasing inflation. A positive US Retail Sales report indicates that consumer spending may not be as weak as previously thought,...

The US Dollar weakened last Friday due to a soft US NFP report that showed a cooling labor market. This led to an increase in the unemployment rate and a decrease in wage growth....

Today in the world of finance, there are a few key updates to keep an eye on. Firstly, it has been announced that US President Trump will be speaking at the Bitcoin 2024 conference...

Markets are eagerly anticipating a key event tomorrow, with traders feeling the impatience building as the countdown continues. The kiwi is the only major currency showing some movement today, while others seem to lack...

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 US Congress. Powell’s remarks indicated that the Fed remains cautious...

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 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 – 18.19 range. The currency closed the week with a...

GBP/USD saw a rise above 1.2800 after the release of US NFP figures on Friday. The positive data sparked a risk rally in the market, leading to increased optimism among investors. This surge in...

The US jobs report showed that Non-Farm Payrolls increased by 206K, surpassing the 190K estimate. However, the report's details were not as positive as expected. Revisions to the prior two months showed a decrease...

The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages to break above 162.00, the next level to keep an...

Federal Reserve Chair Powell is set to deliver a speech today at the ECB forum. This has caused speculation and anticipation in the forex market. The market is also keeping an eye on other...

Marine Le Pen's Rassemblement National emerged victorious in the first round of French parliamentary elections, securing around 33% of the vote. The left front followed with 28%, and Macron's alliance with 21%. The RN...

GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum is evident in the market, indicators like the RSI and...

The US Dollar experienced fluctuations in response to various economic data releases on Thursday. Despite US May durable goods orders coming in at +0.1% versus an expected -0.1%, the dollar initially dipped due to...

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push back against market expectations of rate cuts this year and...