Forex news

Dollar Up, But Set For Another Weekly Decline

U.S. dollar ends the week with weak gains. What about Euro?

The U.S. dollar seems set to end this week with small gains. It fluctuated during the last few days while other major currencies rallied thanks to the shifting risk appetite. The forex market is now focusing on next week’s U.S. Federal Reserve meeting. The dollar index climbed up slightly on Friday to trade at 92.891. …

U.S. dollar ends the week with weak gains. What about Euro? Read More »

Risk-off mood continues in the Forex market. Safe-havens rally

Risk-Off Mood Continues in The Forex Market. Safe-Havens Rally

Safe-harbour currencies, including the Japanese yen and U.S. dollar, exchanged hands near multi-month highs against the riskier British pound and Australian dollar on Tuesday. Investors’ concerns about a rampant Delta coronavirus variant hindering the global economic recovery are growing. Even cryptocurrencies are sinking, with bitcoin tumbling below $30,000 for the first time almost in a …

Risk-Off Mood Continues in The Forex Market. Safe-Havens Rally Read More »

Risk-off currencies rallied Monday as Covid-19 cases soared

Risk-Off Currencies Rallied Monday as COVID-19 Cases Soared

Traders bought safe-haven U.S. dollar and Japanese Yen on Monday, with the greenback skyrocketing almost to its highest point in months. Rapidly spreading delta COVID-19 variant shook market players’ confidence in global economic growth. Investors were also concerned about the U.K.’s reopening. The risk-sensitive Australian dollar traded under the most pressure among major currencies in …

Risk-Off Currencies Rallied Monday as COVID-19 Cases Soared Read More »

USD Rebounded Thursday while GBP Fell Ahead of Reopening 

USD Rebounded Thursday while GBP Fell Ahead of Reopening 

The U.S. dollar got strong support in Asia on Thursday due to soaring Covid-19 cases. As a result, it recovered some of the gains lost in the previous session. On Wednesday, the greenback tumbled down as Federal Reserve chair Jerome Powell declared that he isn’t going to withdraw policy support anytime soon. The greenback climbed …

USD Rebounded Thursday while GBP Fell Ahead of Reopening  Read More »

USD/EUR Hit a Three-Month High. What about Other Currencies? 

USD/EUR Hit a Three-Month High. What about Other Currencies? 

The USD/EUR pair hit a three-month high on Wednesday, while the USD/JPY pair skyrocketed to a one-week high. Rising U.S. inflation had traders betting on a faster monetary policy tightening than U.S. Federal Reserve officials hinted thus far. Meanwhile, the New Zealand dollar soared by more than 1%, with NZD/USD pair trading as high as …

USD/EUR Hit a Three-Month High. What about Other Currencies?  Read More »

Significant forex trading strategies

USD fell slightly Tuesday as traders waited for Fed’s data

Forex markets remained on edge on Tuesday ahead of the U.S. inflation data. Investors think that it may provide clues about the timing of the Fed’s stimulus tapering and rate hikes. Last month the Federal Reserve surprised markets by suddenly announcing that it was considering rate hikes and tapering of stimulus aid. That announcement boosted …

USD fell slightly Tuesday as traders waited for Fed’s data Read More »

Riskier Currencies Soared on Monday. What Caused the Rally?  

Riskier Currencies Soared on Monday. What Caused the Rally?  

Riskier currencies traded above their recent lows against the safe-haven U.S. dollar and the Japanese Yen on Monday. It seems fears about the global economic slowdown subsided for now. Investors are waiting for the new outlook for U.S. inflation. The Federal Reserve will decide future policy tightening according to inflation rates. Meanwhile, the consumer price …

Riskier Currencies Soared on Monday. What Caused the Rally?   Read More »

dollar

The Euro tumbled down against the Dollar after a short rally

EUR/USD struggled to hold onto its gains on Friday as the ECB effect fades away. It seems the recent upside correction is nearing an end. According to analysts, the pair will likely continue to downtrend, ending further in the red. The European Central Bank wants to reach a symmetric 2% inflation target instead of an …

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