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  • Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU

    Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU

    Dec 30, 21 • 229 Views • Top News Comments Off on Currency market forecast report: EUR/USD, NZD/USD, AUD/USD, XEU and ECU

    A low of 0.6702 or 141 pips was achieved in November in NZD/USD after breaking below its 5-year average at 0.6843. The high was 0.6840, up 138 pips. Currently, NZD/USD is at 0.6809, starting in November. Higher NZD/USD needs to breakthrough 0.6841, 0.6856,...

  • USDCHF is High this Year with Sudden up & down Chop

    USDCHF is High this Year with Sudden up & down Chop

    Dec 30, 21 • 344 Views • Top News Comments Off on USDCHF is High this Year with Sudden up & down Chop

    For the year, the USDCHF range is relatively narrow. Flows out of the safety of the CHF and a rise in the USD have both resulted in a recovery in the USDCHF in 2021. Technically, the longer-term weekly chart suggests a more bearish bias for the year as a...

  • Sooner or later, the Bank of Turkey will run out of dollars

    Sooner or later, the Bank of Turkey will run out of dollars

    Dec 28, 21 • 385 Views • Top News Comments Off on Sooner or later, the Bank of Turkey will run out of dollars

    The Turkish lira has fallen by almost 8%, and speculators are waiting for the Central Bank to run out of dollars. Lira rose sharply in the past week due to interventions. Traders estimate that government intervention last week cost the central bank more than...

  • Why is IMF Concerned About Cryptocurrencies

    Why is IMF Concerned About Cryptocurrencies?

    Dec 27, 21 • 285 Views • Top News Comments Off on Why is IMF Concerned About Cryptocurrencies?

    According to the IMF, many institutions trading these assets lacked sound operating, governance, and risk management practices. The International Monetary Fund is concerned about cryptocurrencies because the market is growing fast, and the regulation is not...

  • The Omicron fears and the safe-haven currencies

    The Omicron fears and the safe-haven currencies

    Dec 1, 21 • 292 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 • 247 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 • 234 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...

  • Dollar rises amid economic optimism

    Dollar and major currencies pullback after Omicron shocks

    Nov 29, 21 • 331 Views • Forex News, Top News Comments Off on Dollar and major currencies pullback after Omicron shocks

    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...

  • Why cryptocurrency ads are just the tip of the iceberg?

    Why cryptocurrency ads are just the tip of the iceberg?

    Oct 30, 21 • 601 Views • Forex News, Hot Trading News, Top News Comments Off on Why cryptocurrency ads are just the tip of the iceberg?

    An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise...

  • Inflation, inflation, inflation": Euro jumped after the statements of the head of the ECB

    Inflation, inflation, inflation”: Euro jumped after the statements of the head of the ECB

    Oct 29, 21 • 664 Views • Forex News, Hot Trading News, Top News Comments Off on Inflation, inflation, inflation”: Euro jumped after the statements of the head of the ECB

    Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by...