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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EUR/JPY Retains bullish bias above 166.00
EUR/JPY faces some selling pressure to around 166.35 in Thursday’s early European session. The cross maintains a constructive view above…
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EUR/GBP hovers around 0.8550 as traders adopt caution ahead of BoE’s decision
EUR/GBP maintains its position ahead of the Bank of England’s interest rate decision due on Thursday. The BoE is anticipated…
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USD/CAD Recovers to near 20-day EMA
USD/CAD extends its winning streak for the third trading day on Thursday, rising slightly above 1.3700. The possibility of the…
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EUR/USD struggles to recover on risk aversion, ahead of Fed decision
Geopolitical concerns and higher Oil prices are hurting risk appetite and could weigh on the Euro. The US Dollar could strengthenon investors’ fears of…
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British Pound Strengthens After CPI
The British pound edged closer to $1.35, remaining near its highest levels since 2022, continuing to benefit from broad-based US…
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Trade of The Day – EUR/USD
Facts:The pair bounced off the key support area near 1.1485EURUSD is trading above the 100-period moving average from H4 interval…
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USD/CHF softens to near 0.8150 ahead of Fed rate decision
USD/CHF drifts lower to around 0.8160 in Wednesday’s early European session. Rising geopolitical risks support the Swiss Franc and create…
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EUR/JPY – Bullish outlook remains in play above 166.50
EUR/JPY trades with mild gains around 166.80 in Wednesday’s early European session. The positive view of the cross prevails above…
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Offshore Yuan Steady, Lujiazui Forum in Focus
The offshore yuan steadied around 7.18 per dollar on Wednesday, as investors turned their attention to the Lujiazui Forum in…
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New Zealand Dollar Edges Higher
The New Zealand dollar edged up to around $0.602 on Wednesday but remained vulnerable amid escalating tensions in the Middle…
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