Forex News

  • Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    Jan 31, 23 • 214 Views • Forex News, Top News Comments Off on Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation...

  • Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    Jan 27, 23 • 512 Views • Forex News, Top News Comments Off on Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by...

  • Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    Jan 26, 23 • 525 Views • Forex News, Top News Comments Off on Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around...

  • EUR/USD Forecast: Euro on track for second weekly profit in a row

    EUR/USD Forecast: Euro on track for second weekly profit in a row

    Dec 24, 22 • 401 Views • Forex News, Top News Comments Off on EUR/USD Forecast: Euro on track for second weekly profit in a row

    After a mixed start to trading, the Euro held above the 1.06 dollar mark on Friday. At midday, the common currency cost 1.0619 dollars, a slight increase from the previous evening. As of Thursday, the reference rate was set at 1.0633 dollars by the European...

  • US PCE inflation data expected before the Long weekend

    US PCE inflation data expected before the Long weekend

    Dec 24, 22 • 756 Views • Forex News, Top News Comments Off on US PCE inflation data expected before the Long weekend

    Market conditions remain subdued early Friday as traders in the lead-up to Christmas remain subdued. A monthly report from the German Bundesbank will be released during European trading hours. A report on November’s Personal Consumption Expenditure...

  • Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3%

    Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3%

    Dec 23, 22 • 338 Views • Forex News, Top News Comments Off on Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3%

    The global crypto market cap decreased marginally over the last day to $810.31 billion, which led to mixed trading on December 22. Over the last 24 hours, the crypto market volume has decreased by 28.55% to $25.67 billion. Currently, DeFi has a volume of...

  • FTX Fallout Intensifies as Traders Take Defensive Measures

    FTX Fallout Intensifies as Traders Take Defensive Measures

    Dec 22, 22 • 1243 Views • Forex News, Top News Comments Off on FTX Fallout Intensifies as Traders Take Defensive Measures

    After failing to build on the positive macroeconomic news-induced rally, the cryptocurrency market has slipped into a consolidation phase. As a result of the consolidation, the prices of two of the largest assets, Bitcoin (BTC) and Ethereum (ETH) have dropped...

  • US in No Hurry to Cap the Price of Russian Oil

    US in No Hurry to Cap the Price of Russian Oil

    Oct 29, 22 • 762 Views • Forex News, Top News Comments Off on US in No Hurry to Cap the Price of Russian Oil

    On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new...

  • Dollar Bounce Back Hurts Yen and Others

    Dollar Bounce Back Hurts Yen and Others

    Oct 28, 22 • 1234 Views • Forex News Comments Off on Dollar Bounce Back Hurts Yen and Others

    On Friday, the yen fell as the BOJ remained dovish while the dollar struggled to recover from losses earlier in the week amid expectations that the Federal Reserve’s aggressive rate hikes would ease. Following the BoJ’s commitment to keeping...

  • What Creates Volatility in GBP/USD?

    GBP/USD Slightly Recovers After Hitting Record Lows

    Sep 27, 22 • 618 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,...