Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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USD/INR advances despite India’s HSBC PMI data beats estimates
The Indian Rupee slumps to near 86.90 against the US Dollar as rising crude prices have battered the former. Iran…
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EUR/USD Price Forecast – Tests nine-day EMA barrier near 1.1500 due to bullish bias
EUR/USD is testing the immediate barrier at the nine-day EMA of 1.1494. The 14-day Relative Strength Index holds above the…
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EUR/GBP gathers strength above 0.8550 ahead of Eurozone/UK PMI releases
EUR/GBP strengthens to around 0.8570 in Monday’s early European session. Weaker-than-expected UK Retail Sales continue to undermine the Pound Sterling…
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Offshore Yuan Slips as Dollar Advances
The offshore yuan weakened to around 7.18 per dollar on Monday, reversing gains from the previous session, as renewed safe-haven…
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South Korean Won Weakens on Geopolitical Risks
The South Korean won slipped to around 1,380 per dollar on Monday, marking a pullback from the prior session’s gains,…
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GBP/USD extends downside to near 1.3400 as US enters Israel-Iran war
GBP/USD trades in negative territory for the second consecutive day near 1.3405 in Monday’s Asian session. The US Dollar gains…
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EUR/JPY Rises above 168.50, hits fresh eleven-month highs
EUR/JPY reached the 11-month high at 168.64 on Monday. The 14-day RSI is above the 70 level, signaling overbought conditions…
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Australian Dollar remains subdued following PMI data, eyes on Middle East conflict
The Australian Dollar depreciates as market sentiment weakens following US attacks on Iran’s three nuclear facilities. Australia’s Services PMI improved…
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JPY slides to over one-month low against a firmer USD
The Japanese Yen continues to be weighed down by diminishing odds for a BoJ rate hike in 2025. The Fed’s…
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NZD/USD struggles below mid-0.5900s/monthly low as traders await Iran’s response to US strikes
NZD/USD attracts sellers for the third straight day and is pressured by a combination of factors. Rising geopolitical tensions boost…
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