Forex News

Oh No! USD/CAD Keeps Dropping! What’s Going On? Well folks, it looks like the USD to CAD exchange rate is on a downward spiral for the third day in a row. As we sip our morning coffee on this fine Monday, the USD/CAD pair is hovering around 1.4360 during the Asian trading hours. Why is…

Oh, the Joy of Trading Ranges and Two-Year Lows! What’s Happening with the AUD/USD Pair? So, here we are, watching the AUD/USD pair casually trade inside Thursday’s range, just chilling slightly above that two-year low of 0.6200 near 0.6230. It’s like watching a really slow dance at a high school prom. The Aussie pair seems…

The USD/JPY Rollercoaster Ride: Buckle Up! Buckle up, folks! The USD/JPY pair has been on a wild ride lately, reaching a five-month peak at the 158.00 neighborhood before taking a nosedive during the early European session on Friday. It seems like investors are looking past the recent Bank of Japan (BoJ) monetary policy update and…

Gold Price Rises to $2,600 Amid Geopolitical Tensions Gold price (XAU/USD) attracts some dip-buyers following the previous day’s good two-way price moves and climbs back to the $2,600 mark during the Asian session on Friday. Against the backdrop of persistent geopolitical risks, trade war fears and the Federal Reserve’s (Fed) hawkish shift, the threat of…

The Japanese Yen and Its Rollercoaster Ride USD/JPY Surges to New Heights What’s Happening in the Foreign Exchange Market? So, it seems like the Japanese Yen just can’t catch a break. For the third week in a row, it’s taking a nosedive against the US Dollar, reaching new multi-month highs. All of this frenzy is…

Why GBP/USD Is Gaining Ground After Fed’s Hawkish Cut The Rollercoaster Ride of GBP/USD It’s been a wild ride for the GBP/USD pair recently, with sharp declines following the Federal Reserve’s hawkish cut on Wednesday. However, the British Pound (GBP) is now clawing back some ground, trading around 1.2590 during the Asian hours on Thursday….

The British Pound Finds Support Following CPI Data Release GBP/USD Reaches Intraday High The British Pound found near-term support earlier in the day, leading to GBP/USD reaching an intraday high of 1.2725. The trigger was the United Kingdom (UK) Consumer Price Index (CPI), which rose 2.6% on a yearly basis in November after printing at…

Quirky Tales of Forex Trading: A Rollercoaster Ride with GBP/USD Hang on to your hats, folks! The GBP/USD pair is in for a wild ride! Struggling to Find Its Footing Hey there, fellow forex enthusiasts! Today, let’s talk about the GBP/USD pair and its current predicament. It seems like our favorite currency duo is having…