Tag: Foreign exchange market

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 are currency pairs and how do they work in the exciting world of forex trading? If you've ever wondered how traders make money by exchanging one currency for another,...

When diving into the complex world of finance, one of the most intriguing questions is: What Influences the Value of a Currency? Understanding the powerful factors behind currency valuation can unlock secrets to global...

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...

In today's fast-paced financial world, understanding how geopolitical risk premiums impact currencies is more crucial than ever. But have you ever wondered why some currencies suddenly surge or plummet without clear economic reasons? The...

Last week, the NASDAQ 100 Index rebounded from its 200-day moving average, showing positive growth. The S&P 500 also saw marginal gains, indicating a lack of rotation from tech to value stocks. However, the...

The NZD/JPY pair continues to show a bearish trend, breaking through important support levels with consistent negative movements. The possibility of a turnaround depends on a significant drop in the Relative Strength Index (RSI)...

The market is at an interesting point right now. Despite the good economic conditions and companies still making profits, there are some challenges in making trades that could be considered heroic. Here are a...

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...

The NZD/USD pair has been following a bearish trend, but there are signs of a slight uptrend developing. The pair reached 0.5960 towards the end of the week, showing slightly higher highs and lows....

The USD/JPY pair experienced a significant decline following the release of disappointing US jobs data in July. The Nonfarm Payrolls (NFP) figure fell well below expectations, coming in at 114K compared to the forecast...

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...

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...

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...

On August 2, 2024, various economic data and forecasts were released for different countries around the world. Let's take a closer look at the key indicators:1. Japan's Monetary Base Year over Year (YoY) for...

The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by 4.8% Year-on-Year in the second quarter, surpassing the previous quarter’s...

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...

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...

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 Pound Sterling saw a significant increase in value against the US Dollar as a result of positive data from the UK and disappointing US inflation numbers. This led to the GBP/USD pair trading...

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...

Deutsche Bank's George Saravelos recently shared his insights on the potential impact of a Trump presidency and China tariffs on the EUR/USD parity. In a conversation with Bloomberg TV, Saravelos emphasized the repercussions of...

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 Australian Dollar (AUD) and the New Zealand Dollar (NZD) are both showing signs of potential growth against the US Dollar (USD) in the forex market. Let's take a closer look at the technical...

USD/CAD has experienced a recent decline after facing resistance at the 1.3750 level. The pair broke below a significant bullish trend line with support at 1.3670 on the 4-hour chart. This movement indicates a...

The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite concerns about potential intervention from Japanese authorities to support the...

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...

EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to hold, leading to a potential further decline in the exchange...

USD/JPY bulls are taking big risks. The pair has been on the rise for seven consecutive days following a strong US services PMI report. The PMI reading of 55.1 is the highest in 26...

The Mexican Peso has been trading in a tight range on Tuesday as it bounces back from the sell-off that occurred after the elections. President-elect Claudia Sheinbaum is working to reassure the markets with...