Forex Market

AUD to USD conversion rate dropping low

Dynamics of AUD/USD Amid Global Economic Signals

Quick Look The AUD/USD exchange rate witnesses a decline as major central bank decisions loom. Strong US inflation data and Chinese economic indicators significantly impact currency movements. Technical analysis predicts bearish momentum for AUD/USD, with key levels to watch. The AUD/USD exchange rate has been under the microscope this week, influenced by various global economic …

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Market Pulse: Navigating Economic Data & Global Tensions

Quick Look USD/JPY slightly increases amidst Japanese economic data and BOJ policy speculation. AUD/USD climbs despite a drop in iron ore prices, buoyed by promising Chinese economic indicators. Oil prices rebound after a minor gap down, with forecasts predicting a rise. Geopolitical tensions escalate with North Korea missile tests and Putin’s remarks on potential conflict. …

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Best yen exchange rate makes gains, while the dollar stabilised

USD/JPY Outlook Amid Central Bank Meetings and Economic Data

Quick look USD/JPY could stabilize around 146.50, with its direction influenced by upcoming Federal Reserve and Bank of Japan meetings. The Bank of Japan may maintain its ultra-easy monetary policy, while the Fed’s rate cut expectations have decreased. Technical analysis suggests key support and resistance levels for USD/JPY, with potential for movement toward the 149.80 …

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Market Weekly: USD Up with Inflation Data & Rate Cut Talks

Quick look The U.S. dollar advanced following higher-than-expected inflation figures, reducing hopes for a June rate cut by the Federal Reserve. The USD Index (DXY) surpassed the 103.00 mark, with investors eyeing the Fed’s easing cycle to begin in summer. Notable currency movements included a drop in EUR/USD to the 1.0900 area and GBP/USD challenging …

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EUR rates draw back to almost 1.06

EUR Gains on Fed Rate Cut Hints; ECB Awaits Data

Quick look EUR has shown notable strength against the US dollar, influenced by recent ECB and the US Federal Reserve statements. US Fed Chair Jerome Powell hinted at nearing interest rate cuts. Economic data from Germany and US retail sales, consumer sentiment, and inflation reports are expected to influence currency movements. Technical analysis suggests a …

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Fortrade Exit: Another FX Broker Loss for Belarus

The London-based retail broker Fortrade, has had its license revoked in Belarus, marking an exit five-and-a-half years after gaining authorization, as per the nation’s regulatory records. Only nine over-the-counter (OTC) forex market entities remain in the country. Belarus cancels Fortrade’s Authorization Fortrade, headquartered in London, has been operating under its local subsidiary, LLC Fort Securities …

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Uptos Review

Uptos Review

UPTOS REVIEW GENERAL INFORMATION Broker Name: UPTOS Broker Type: forex Operating since year: 2019 Regulation: YES Address: St. Vincent, Ratho Mill, VC0000 Kingstown St.Vincent & Grenadines Broker status: Forex CUSTOMER SERVICE Phone: +18552962786 Email: [email protected] Languages: English, Italian, French Availability: 24/5 TRADING Trading platforms: MT5 Trading platform Time zone: N/A Demo account: N/A Mobile trading: …

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Safe-haven currencies soared on Monday due to Omicron fears

Safe-haven currencies soared on Monday due to Omicron fears

 The safe-haven currencies rallied on Monday as investors favored them over riskier ones. Market players feared that the governments might impose further curbs in Europe to hinder the spread of the Omicron coronavirus variant. Furthermore, the U.S. Federal Reserve’s hawkish stance supported the greenback.  After observing last week’s slew of major central bank meetings, traders …

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