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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Chart of The Day – USD/JPY
The Bank of Japan left its short-term interest rate unchanged at 0.5% and unanimously maintained the existing bond purchase reduction schedule…
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NZD/USD clings to gains around 0.6065-0.6070, remains close to YTD peak ahead of US Retail Sales
NZD/USD trades with a positive bias for the second straight day amid a weaker USD. Reduced RBNZ rate cut bets…
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EUR/GBP extends the rally above 0.8500 ahead of ZEW Economic Sentiment Surveys
EUR/GBP remains firm around 0.8520 in Tuesday’s early European session. Traders expect the ECB to pause its easing cycle this year. …
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Yen Holds Decline After BOJ Stands Pat
The Japanese yen traded near 145 per dollar on Tuesday after falling for two straight session, as the Bank of…
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USD/CAD Sees more downside towards 1.3400
USD/CAD consolidates around 1.3575, with investors awaiting the Fed’s monetary policy. The Fed is expected to keep interest rates steady…
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AUD advances as US Dollar loses ground ahead of Retail Sales
The Australian Dollar rebounds, trimming daily losses as concerns over Israel-Iran tensions ease. Iran asked many countries, including Oman, Qatar,…
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USD/CHF weakens below 0.8150 ahead of US Retail Sales release
USD/CHF edges lower to near 0.8135 in Tuesday’s early European session. The ongoing conflict between Israel and Iran boosts the…
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USD/INR rebounds despite fresh signs of de-escalation in Israel-Iran conflict
The Indian Rupee trades higher, nearing 85.95 against the US Dollar in the opening session, amid easing Middle East tensions.…
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USD/INR slides below 86.00 as Empire State data signals deeper US slowdown
The Indian Rupee recovers after two days of losses, tracking a weaker US Dollar Index. Fresh trade data and easing…
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EUR/USD extends gains as DXY slides to near three-year low, Empire State Index slumps
The EUR/USD holds firm above 1.1550 as the US Dollar Index (DXY) slips back below 98.00. Weak Empire State Manufacturing…
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