Tag: Exchange rate
USDCHF Price Drops Below 100-Day MA in Weekly Low | Forexlive
The USDCHF has been experiencing a downward trend this week, hitting new lows after facing resistance earlier in the trading week. The currency pair...
Bulls Gain Control as NZD/USD Closes Above Critical Resistance – Weekly Price Analysis
The NZD/USD pair has shown a positive trend as it closed above the 20 SMA support at 0.6120, indicating bullish momentum. The pair tested...
GBP/USD Price Analysis: Bulls Aim for Daily Close Above 1.2800
The GBP/USD pair experienced an increase of more than 0.20% following the release of the US jobs report for June. The data showed that...
GBP Reacts to UK Election Result: Analysis by Rabobank
The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value...
Swiss National Bank’s Jordan on Inflation: Analysis and Insights
The Swiss National Bank's Chairman, Thomas Jordan, recently discussed the issue of inflation in the economy. He emphasized the importance of understanding the risks...
Analyzing USD/JPY Pullback: Insights from Action Forex
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with...
USD/CAD Forecast: Price Approaching Lower Range Bound – Action Forex
USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum...
UK General Elections Boost Pound Sterling’s Gains: What’s Next?
The Pound Sterling has been on the rise lately, gaining strength against the US Dollar. This increase in value can be attributed to the...
US Dollar Weakens on Soft ADP and FOMC Minutes
The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut...
Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations
The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
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Jeff Bezos Optimistic About Trump, Will Assist in Reducing Regulation
Jeff Bezos Embraces Trump Administration, Pledges to Reduce RegulationsAmazon founder and executive chairman, Jeff Bezos, expressed optimism about the incoming administration of President Donald...
