Forex News

The Impact of Geopolitical Risks on Currency Markets EUR/USD Exchange Rate Affected by Growing Tensions in Taiwan The EUR/USD exchange rate hovered in the 1.0920s on Monday, slightly down from the previous day’s close. This dip can be attributed to the US Dollar (USD) attracting safe-haven flows amidst increasing geopolitical risks in Taiwan. The Chinese…

USD/CHF Continues to Gain Ground USD/CHF trading around 0.8600 USD/CHF continues to gain ground for the second day, trading around 0.8600 during the early European hours on Monday. The upside of the USD/CHF pair could be attributed to a solid US Dollar (USD), fueled by expectations that the US Federal Reserve (Fed) will slow the…

Gold Price Rallies on Favorable Inflation Outlook and Geopolitical Tensions XAU/USD surged over 1% on Friday The gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed)…

USD/CAD Exchange Rate: A Look at the Latest Shifts in US PPI and Canadian Employment Data Introduction The USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday’s New York session. The Loonie asset surrenders some gains after the release of the United States (US)…

Gold’s Rise to Prominence Tailwinds and Technical Outlook Q4 Outlook and Potential Bull Run It’s a golden age for gold which has been exhibiting an unprecedented performance so far this year, adding another 14% to its value in the third quarter despite global central bank reserves stabilizing, to trade up by 42% year-on-year. This impressive…

Welcome to my Quirky Foreign Exchange Blog! What’s up with the Euro (EUR)? So, apparently the Euro is not doing so hot right now. According to the experts over at UOB Group, the Euro is hanging on by a thread, trading in a narrow range between 1.0910 and 1.0960. But hey, it’s not all doom…

Gold Price (XAU/USD) Gains Positive Traction Overview Gold price (XAU/USD) is building on the previous day’s mixed US macro data-inspired recovery from the $2,600 neighborhood or a nearly three-week low and gaining positive traction for the second straight day on Friday. US data published on Thursday showed that the annual rise in the headline US…

The Impact of Weak Data on US Bond Yields and the Dollar Introduction As we head into the next week, the Federal Reserve has made it clear that the jobs market will play a crucial role in determining the future outlook for interest rates. However, with the possibility of weak data on the horizon, we…