Forex News
Forex News Roundup for 31st July, 2023
The US Dollar is still rising despite a long-term bearish trend but it would be tough for the price to cross the key resistance at 101.56 which makes the uptrend look like a short-term situation at the moment. The Swiss Franc has turned out to be the weakest currency since the weekly open while the […]
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Forex News Roundup & other current affairs for 25th July 2023
GBP/USD is under pressure around the 1.2840 mark. The S&P Global Composite PMI showed that US business conditions improved after the FOMC meeting. The pair struggles to gain ground and remains on the decline, which may be impacting the GBP/USD exchange rate. China’s state banks are selling dollars both onshore and offshore to defend the […]
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Forex News Roundup For July 18, 2023
The analysis of silver prices shows that positive market sentiment continues for the silver trading pair, XAG/USD. For now, the price is consolidating in a favourable phase. Yet it encountered resistance at $26.00. If the price surpasses $25.00, it could signify additional potential for silver to increase in value. Commerzbank suggests that gold prices are […]
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Forex News Roundup for 13th July, 2023
Today, the United States is scheduled to release its Consumer Price Index (CPI), which measures inflation. Analysts anticipate that the data will reveal a 0.3% increase in monthly inflation, accompanied by a significant decrease in the annualized rate, dropping to 3.1% after a notable decline last month. Should the CPI report unexpectedly show a smaller […]
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Forex News Roundup for 4rth July, 2023
Among major currencies, the Japanese Yen has consistently shown weakness in the long run. On Friday, the USD/JPY currency pair reached a fresh 7-month high, surpassing the ¥145 mark. Trend traders will continue to find appeal in taking short positions on the Japanese Yen, which also hit a multi-year low against the Euro last Friday. […]
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Forex News Roundup for 27th June, 2023
Over the weekend, the private military force known as the Wagner Group, which has been extensively involved in Russia’s operations in Ukraine, appeared to stage a revolt against the Russian government or military. Their planned march on Moscow led to the occupation of two Russian cities along the route. However, the group ultimately retreated when […]
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Forex News Roundup for 20th June, 2023
Major stock markets in Asia began the week on a quiet note, except for one key factor: the absence of Chinese monetary stimulus in the near future. Consequently, both the Hang Seng Index and the Nikkei 225 Index closed the day with declines exceeding 1%. While US stock index futures experienced a slight drop, their […]
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Forex News Roundup for 13th June, 2023
The recent decision by the People’s Bank of China to unexpectedly reduce its 7-day reverse repo rate from 2.0% to 1.9% is believed to have played a role in fostering an overall positive sentiment in stock markets. This surprise rate cut has likely contributed to the prevailing bullish mood among investors. The market’s attention is […]
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Forex News Roundup for 6th June, 2023
At the beginning of the week, Asian equity markets are witnessing a rise, spearheaded by Japan. The country’s remarkable post-Covid recovery has ignited a strong surge in stock prices, leading to an enduring bull market. Japanese equity indices, including the Nikkei 225, are scaling heights not witnessed in many years, making this an intriguing prospect […]
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Forex News Roundup for 02 June, 2023
The upcoming June meeting of the Federal Reserve is widely anticipated to result in another 0.25% interest rate hike. However, there is increasing speculation that the Fed might opt to pause the hikes. Fed member Harker emphasized that the economy is progressing steadily and that rate increases are not necessary at every meeting. Adding to […]
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