Forex News

  • Bloomberg: US to Outpace China's Growth

    Bloomberg: US to Outpace China’s Growth

    May 25, 22 • 880 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,...

  • Yuan to Continue the Downside as Greenback Soars

    Yuan to Continue the Downside as Greenback Soars

    Apr 28, 22 • 1308 Views • Forex News Comments Off on Yuan to Continue the Downside as Greenback Soars

    The yuan’s decline is set to gain momentum over the next few months as markets factor in a deteriorating economy hit by Chinese authorities’ fight against another Covid outbreak. Analysts at Credit Agricole, Standard Chartered Bank, BNP Paribas...

  • Forex Market Roundup: Risk Flows Keep Dollar Dominating

    Forex Market Roundup: Risk Flows Keep Dollar Dominating

    Apr 27, 22 • 722 Views • Forex News, Hot Trading News Comments Off on Forex Market Roundup: Risk Flows Keep Dollar Dominating

    The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to...

  • Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance

    Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance

    Mar 1, 22 • 387 Views • Forex News, Top News Comments Off on Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance

    The GBP/USD pair rose to a daily high during the mid-European session. The pair now looks to continue the rise beyond the 1.3400 mark. It has now filled the weekly bearish gap amid some intraday US dollar selling as the pair rallied around 100 pips on Monday...

  • EUR USD 1.12 Holds, Gap Down Intact

    EUR/USD 1.12 Holds, Gap Down Intact!

    Mar 1, 22 • 672 Views • Forex News, Top News Comments Off on EUR/USD 1.12 Holds, Gap Down Intact!

    The EUR/USD pair maintains a bearish bias if it stays under the downtrend line. The currency pair could come back down if it fails to close the gap down. A bearish pattern around the downtrend line could announce a new leg down. The EUR/USD price loses...

  • How are crises in Ukraine hitting the global markets

    How are crises in Ukraine hitting the global markets?

    Jan 31, 22 • 570 Views • Forex News, Top News Comments Off on How are crises in Ukraine hitting the global markets?

    Tensions about a possible Russian invasion of Ukraine have pushed global markets to the brink of collapse. The possibility of conflict in Ukraine, as well as the likelihood of increasing interest rates, shook the markets this week, sending prices plummeting...

  • What to look for this week? BoE, NFP, and ECB in focus

    What to look for this week? BoE, NFP, and ECB in focus

    Jan 31, 22 • 441 Views • Forex News, Top News Comments Off on What to look for this week? BoE, NFP, and ECB in focus

    After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can...

  • The Omicron fears and the safe-haven currencies

    The Omicron fears and the safe-haven currencies

    Dec 1, 21 • 656 Views • Forex News, Top News Comments Off on The Omicron fears and the safe-haven currencies

    On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected...

  • Fed Chair remains hawkish, Yen highs and Aussie slumps

    Fed Chair remains hawkish, Yen highs and Aussie slumps

    Dec 1, 21 • 490 Views • Forex News, Top News Comments Off on Fed Chair remains hawkish, Yen highs and Aussie slumps

    After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a...

  • Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD

    Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD

    Nov 30, 21 • 471 Views • Forex News, Top News Comments Off on Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD

    Something surprising happened this Tuesday Asian afternoon, Risk-sensitive currencies slid, and safe havens gained. It took things in the opposite direction after Moderna’s CEO said that it is unlikely that the COVID-19 vaccines will be as effective...