The Impact of USD/MXN Plummeting Below 17.0000 Recently, the USD/MXN exchange rate dropped below 17.0000 after the Department of Labor in the United States revealed that inflation had risen above the previous month’s data but was still below estimates. This news was interpreted as a signal that the US Federal Reserve tightening cycle has come…
The Pound Sterling (GBP) Strengthens on Hopes of Interest Rate Hikes After renewed hopes of more interest rate hikes from the Bank of England (BoE), the Pound Sterling (GBP) has strengthened significantly. This comes as welcome news for traders and investors who have been closely monitoring the currency’s performance in the wake of Brexit uncertainties….
Feeling the Effects: The AUD/USD Pair Continues to Decline Downward Trajectory Continues It seems like the AUD/USD pair just can’t catch a break. The downward trajectory that has been going on for the past three weeks shows no signs of stopping, with the pair losing ground for the third successive day on Thursday. This marks…
Laughing All the Way to the Forex Market: AUD/USD Takes a Step Back Oh, those feisty currency pairs! The AUD/USD duo is back in the spotlight. What’s going on with the Aussie dollar and its American counterpart? It seems like the AUD/USD pair is feeling the heat once again as it takes a step back…
NZD/USD Dives Below 0.6200 Figure Overview The NZD/USD pair has experienced a sharp decline, falling below the key level of 0.6200. This downward movement is attributed to the pair extending its losses past the 200-day Exponential Moving Average of 0.6226. The current exchange rate stands at 0.6175, following a drop from a daily high of…
How USD/TRY is Making Waves in the Financial Market The Rollercoaster Ride of USD/TRY The USD/TRY pair has been on a wild ride lately, with fluctuations leaving investors on the edge of their seats. After a period of decline in the last two consecutive days, the pair has regained upside momentum, up 0.65% intraday near…
Gold Prices Holding Steady Amid Uncertain Economic Climate The Current State of the Gold Market Gold prices (XAU/USD) have been on the rise for the past three weeks, reaching levels not seen since early June. As of early Thursday morning in Asia, gold is trading around $1,980 as investors eagerly await new information that could…
A Little Boost for the Aussie Pair Feeling optimistic Well, well, well. It looks like the AUD/USD pair is on the move again, edging higher past the 0.6800 mark and inching closer to 0.6815 during the early hours of Wednesday’s Asian session. What’s spurring on this upward trend, you ask? Market players seem to be…
