Forex Market

Exotic Currency Pairs - How to Trade Them

Exploring the Mechanics of Currency Pairs

Key Points EUR/USD Movement: Recently above 1.0800, influenced by U.S. dollar weakness and Treasury yield changes; GBP/USD Update: Exceeds 1.2550, with market focus on potential Bank of England rate cuts; USD/CAD Dynamics: Shows minimal change despite oil price rebound, observing resistance near 1.3696; USD/JPY Trends: Gains despite the risk of Bank of Japan intervention, approaching …

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Single stock futures remain steady before Fed meeting

USD/JPY Outlook: 152 Support and Bullish Sentiment

Quick Overview Bullish Trend Persists: Despite occasional interventions, USD/JPY remains firmly bullish with expectations of rising beyond current levels. Key Support at 152 Yen: The 152 yen level is a significant support, reinforced by the 50-day EMA, suggesting a strong base for potential upward movements. 200 Yen Target: Historical patterns and bullish market sentiment hint …

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Japan’s Potential Market Move as Yen Drops to Decadal Low

At a Glance Yen Plunges to 34-Year Low: The Japanese yen dropped to 154.88 against the dollar, prompting former currency official MF to suggest potential market intervention. Imminent Financial Events: A critical Bank of Japan meeting, coinciding with significant global financial indicators, is set to have a profound impact on potential interventions and monetary policies. …

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The dollar stays within 6-month declines

Euro-Dollar Dynamics: Strategic Currency Maneuvers

Quick Overview Traders Anticipate Lows: Many are building short positions on EUR/USD, preparing for potential lows near last year’s $0.9535 Bank of America’s Forecast: Only a 10% chance of the euro hitting $1.00 in the next six months, dependent on ECB and Fed rate policies Economic Factors: The US shows strong growth and persistent inflation, …

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Market Turmoil and Safe Havens: An In-Depth Guide

At a Glance Geopolitical Tensions Drive Safe-Haven Assets: Israeli strikes in Iran prompt investors to favour stable investments like gold, reflecting heightened market uncertainty Stocks and Currency React: U.S. stock indices and currency pairs fluctuate, with the dollar holding strong, indicating a shift towards conservative investment strategies Commodities as Refuge: Gold and crude oil prices …

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Postponed Gold Auction: Shifting Dynamics in Vietnam

Quick Look Auction Postponed: Vietnam’s auction of 17,000 taels of gold was delayed due to a lack of participant registration; Gold Price Surge: Local gold prices soared to approximately $4,428 per tael, a 15% increase over the past year; Regulatory Dynamics: Calls for reform in Vietnam’s gold regulations amidst a tight supply controlled by the …

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Broker News

April 2024: Key Currency Movements & Economic Shifts

Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is under pressure, possibly dropping to 1.2325; Fed’s rate hikes total 525 basis points since March 2022; U.S. federal debt is projected to reach $40 trillion by the end of 2025. …

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February’s 7.7% Jump in Japan’s Machinery Orders

Quick Look: February saw core machinery orders jump 7.7%, surpassing expectations. Year-on-year capital spending fell by 1.8%, but less than forecasted. Bank of Japan ends negative interest rates, boosting economic outlook. Wages are rising, potentially fuelling more capital investment. External pressures like Middle East tensions impact economic stability. In what turned out to be a …

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