Forex News

  • GBP/USD Slightly Recovers After Hitting Record Lows

    GBP/USD Slightly Recovers After Hitting Record Lows

    Sep 27, 22 • 289 Views • Forex News, Top News Comments Off on GBP/USD Slightly Recovers After Hitting Record Lows

    As the BoE and UK Treasury sought to calm jittery markets, the pound rose slightly in Europe on Tuesday morning. As UK Chancellor Kwasi Kwarteng promised more tax cuts, the pound fell nearly 5% to a record low of $1,035 the day before. Despite the rise,...

  • Historic Dollar Surge Plays into the Hands of the Fed

    Historic Dollar Surge Plays into the Hands of the Fed

    Sep 6, 22 • 353 Views • Forex News, Top News Comments Off on Historic Dollar Surge Plays into the Hands of the Fed

    The dollar is skyrocketing against the world’s major currencies, approaching an annual record in almost 40 years and the third-biggest gain since President Richard Nixon ended the gold standard more than 50 years ago. Is the Fed Concerned About the...

  • Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets

    Aug 30, 22 • 1165 Views • Forex News, Top News Comments Off on Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets

    The Fed’s hawkish message sent bond and stock markets swooning, with the dollar updating a 20-year high. The yuan weakened to a fresh two-year low after Fed Chair Jerome Powell signaled a long-term rate hike, prompting the People’s Bank of China...

  • Crypto Market on the Brink of Collapse, Tether Still Pulling the Test

    Crypto Market on the Brink of Collapse, Tether Still Pulling the Test

    Aug 29, 22 • 547 Views • Forex News, Top News Comments Off on Crypto Market on the Brink of Collapse, Tether Still Pulling the Test

    Many crypto companies lack basic financial security; Tether needs an audit that looks like a corporate version of a colonoscopy This year, pessimism, chaos, and panic reign in the cryptocurrency market. Under these conditions, cryptocurrency companies must...

  • Fighting the Dollar Dominance, Will it Work?

    Fighting the Dollar Dominance, Will it Work?

    Aug 25, 22 • 1214 Views • Forex News, Top News Comments Off on Fighting the Dollar Dominance, Will it Work?

    Arriving at his office in the heart of Sydney, Nick Tweedale is greeted by an endless array of dollar bills. “This is the simplest forex strategy,” claims a trader and CEO of Asia Pacific brokerage FP Markets. “Unless there is a dramatic...

  • Dollar Falls as Powell Hints Aproaching Neutral Rate Level

    Dollar Falls as Powell Hints Approaching Neutral Rate Level

    Jul 28, 22 • 1151 Views • Forex News, Top News Comments Off on Dollar Falls as Powell Hints Approaching Neutral Rate Level

    The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after...

  • Fed Uncertainty and European Gas Crisis Dominate FX Markets

    Fed Uncertainty and European Gas Crisis Dominate FX Markets

    Jul 27, 22 • 1523 Views • Forex News, Top News Comments Off on Fed Uncertainty and European Gas Crisis Dominate FX Markets

    With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today,...

  • GBP USD Forecast Starts the week with an upside momentum amid weaker DXY

    GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY

    Jul 25, 22 • 1163 Views • Forex News, Top News Comments Off on GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY

    During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is...

  • Fighting the Dollar Dominance, Will it Work?

    Dollar Rising before Fed’s Rate Hike

    Jul 22, 22 • 2399 Views • Forex News, Top News Comments Off on Dollar Rising before Fed’s Rate Hike

    The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a...

  • Bloomberg: US to Outpace China's Growth

    Bloomberg: US to Outpace China’s Growth

    May 25, 22 • 1295 Views • Forex News, Top News Comments Off on Bloomberg: US to Outpace China’s Growth

    The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday,...