Forex News

Have You Ever Wondered How Technical Factors Influence Market Movements? Deciphering the Complexities of Price Action For all the fundamental reasons put forward to explain their day-to-day gyrations, one look at price action suggests technical factors are arguably just as important in determining movements in the likes of Hong Kong’s Hang Seng, USD/CNH and crude…

GBP/USD Update: Pound Sterling Takes a Breather at 1.3310 Level The Pound Sterling (GBP) extended its hold against the US Dollar (USD) after the previous week’s resurgence, as the GBP/USD pair tapped the highest level since March 2022 above 1.3300. The bullish potential remained intact for the GBP/USD pair, as the Pound Sterling capitalized on…

Let’s Talk About the GBP/EUR Exchange Rate What’s Going on with the Pound and Euro? At the time of writing, the GBP/EUR exchange rate traded at around €1.1912, virtually unchanged from the start of Friday’s opening levels, however, continued to trade close to a two-year high struck earlier on Friday morning. The Pound (GBP) began…

AUD/USD Continues to Rise with Short-Term Bullish Trend There has been a steady uptrend in the AUD/USD pair as it keeps posting green candlesticks and creeping higher. This positive momentum led the pair to hit a new 2024 high of 0.6839 on Thursday. While there is not much room left above until it reaches the…

The AUD/USD pair holds above 0.6800 amidst Fed rate cut speculation Increase in speculation for a Fed interest rate cut boosting the Aussie The AUD/USD pair continues to stay above the key support level of 0.6800 in the European trading session on Friday. The Australian dollar remains strong as market participants anticipate the Federal Reserve…

The GBP/JPY Cross Soars to Three-Week High Introduction The GBP/JPY cross has been on a winning streak, heading higher for the fifth consecutive day. This upward momentum follows a brief dip to the 188.70 area earlier in the day, before surging to a nearly three-week high during the first half of the European session on…

Gold Price Rallies as Fed Initiates Rate Cuts The Rise of Gold: What Happened and Why Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve’s (Fed) decision to start the policy easing cycle with an oversized rate cut….

The NZD/USD pair struggles to reach two-week high Emotions run high as Kiwi asset faces pressure The NZD/USD pair gains significantly by more than 0.5% but struggles to seize the two-week high of 0.6270 in Thursday’s North American session. The Kiwi asset faces slight pressure as the US Dollar (USD) has rebounded after the release…