Forex News

Feeling the Ups and Downs: A Rollercoaster Ride of NZD/USD Bouncing Back Just when you thought the NZD/USD pair was heading straight downhill, it surprises us all with a rebound. After hitting a fresh yearly low near 0.5820, the Kiwi pair managed to claw back some lost ground in the North American session on Friday….

USD/CAD Caught in Crossfire of USD Advance Rising Quickly from Mid/Upper 1.39s to Intraday High Near 1.4020 Hey there fellow traders and currency enthusiasts! Today we’re going to dive into the recent whirlwind that is the USD/CAD pair. The USD made significant gains against European currencies, causing the USD/CAD pair to spike from the mid/upper…

The Impact of Eurozone PMI Data on EUR/USD Exchange Rate EUR/USD Exchange Rate Sinks to Near Two-Year Lows The EUR/USD exchange rate took a drastic plunge to near two-year lows below 1.0400 in European trading hours on Friday. This sharp decline came following the release of the preliminary HCOB Eurozone Purchasing Managers Index (PMI) report…

The Impact of EUR/JPY Cross Selling Market Sentiment The EUR/JPY cross attracts some follow-through selling for the second straight day and drops to its lowest level since October 4 during the Asian session on Friday, albeit it managed to rebound a few pips thereafter. Spot prices currently trade around 161.65-161.70 region, still down for the…

Exploring the GBP/USD Outlook: US Dollar Continues to Strengthen Introduction In the world of foreign exchange markets, the relationship between the British Pound (GBP) and the US Dollar (USD) is closely watched by traders and investors. Recent developments have shown that the US Dollar is gaining strength, which has started to impact the GBP/USD currency…

The AUD/USD pair attracts dip-buyers but faces caution Introduction The AUD/USD pair is attracting dip-buyers on Thursday, maintaining modest intraday gains around the 0.6520 area during the first half of the European session. The uptick is driven by a softer tone surrounding the US Dollar (USD), but lacks strong bullish conviction, prompting caution before considering…

Gold Prices Surge to Fresh Highs Amid Geopolitical Tensions Overview Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on Thursday. Mounting geopolitical uncertainties, fueled by escalating Russia-Ukraine tensions, continue to drive haven flows towards traditional safe-haven…

The Impact of UK Inflation Data on GBP/JPY Trading GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting,…