Forex News

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 from the 1.3300 mark. Nervousness about the worsening

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 altitude after reaching the 1.1231 level. The currency pair

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 as frightened investors fled stocks. So, how are the markets performing, and what to look

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 these events bring for the overall markets?

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 manufacturing figures from November, the Chinese yuan CNY, a beacon of resilience in a stormy few days, reached a

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 one-year low. Investors are concerned that fast monetary tightening may suffocate the fledgling economic recovery, even though

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 against the Omicron variant as it has been with other types. The world is in for yet another

The dollar edged higher, the euro fell, and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant. The Omicron shocks Initially discovered in South Africa, the Omicron variant sparked worldwide concern, with financial markets falling on Friday on worries that