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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US Dollar Index holds steady above 98.00 on heightened Middle East geopolitical tensions
The US Dollar Index flat lines around 98.15 in Monday’s early European session. The Fed is expected to keep interest rates steady…
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EUR/JPY, Key upside barrier emerges near 166.50
EUR/JPY strengthens to near 166.50 in Monday’s early European session. The positive view of the pair prevails above the key…
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GBP/USD Price Treads water above 1.3550, nine-day EMA
GBP/USD may test the 1.3632, the fresh highest since February 2022. The 14-day Relative Strength Index remains above 50, suggesting…
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GBP/JPY struggles to break above 196.00 ahead of BoJ-BoE monetary policy
GBP/JPY faces pressure near 196.00, with investors awaiting the BoJ-BoE monetary policy outcome. Both the BoJ and the BoE are…
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EUR/USD Ascending channel favors bulls ahead of the key central bank event risk
EUR/USD kicks off the new week on a softer note amid a modest USD uptick. The lack of follow-through selling…
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USD/CAD rebounds to near 1.3600 as Oil prices correct downwards, G7 Summit eyed
USD/CAD edges higher as the commodity-linked CAD struggles due to lower Oil prices. WTI price may regain its ground amid…
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Offshore Yuan Muted After Mixed Data
The offshore yuan held steady to around 7.18 per dollar on Monday, as markets digested a batch of mixed Chinese…
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South Korean Won Rises on Reform Hopes
The South Korean won rose to around 1,365 per dollar on Monday, marching back toward multi-month highs as investor optimism…
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GBP/USD consolidates around mid-1.3500s ahead of this week’s key data/central bank event risks
GBP/USD kicks off the new week on a softer tone amid rising geopolitical tensions. The USD struggles to gain any…
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NZD/USD remains above 0.6000, moves little after China’s economic data release
NZD/USD remains silent amid escalating geopolitical tensions in the Middle East. China’s Retail Sales advanced 6.4% YoY in May, against…
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