Forex News

The Pound Sterling Bounces Back as Risk Appetite Improves GBP/USD Trades at 1.2720 After Bank of Japan Official Comments On Wednesday, the Pound Sterling rebounded from daily and weekly lows, rising above the 1.2700 figure against the US Dollar. The increase in the value of the Pound came as risk appetite improved in the market…

EUR/USD Takes a Step Back from Monday’s High as the Greenback Gears Up for a Comeback Description: EUR/USD retreats back to 1.09, shedding 100 pips since its peak performance on Monday at 1.1008, when it added another tranche of gains at the beginning of the week to its stellar move following the poor US Nonfarm…

Welcome to the Rollercoaster Ride of the AUD/USD Pair! Hold on tight as we navigate through the twists and turns of the forex market Picture this – the AUD/USD pair attracting fresh sellers, experiencing an intraday uptick to the 0.6540 region, only to drop to the lower end of its daily range during the first…

The USD/CAD Pair: A Look at Recent Movement Intraday Dip to Sub-1.3800 Levels The USD/CAD pair recently experienced a dip to sub-1.3800 levels, reaching a one-week low. However, this downturn was short-lived as dip-buying quickly ensued, propelling the pair to touch a fresh daily top during the early part of the European session on Tuesday….

Gold Price Rebounds from One-Week Low Market Analysis: XAU/USD The gold price (XAU/USD) touched a one-week low on Monday, although it managed to defend and rebound from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 region. The incoming softer US macro data fueled worries about a downturn in the world’s largest economy and…

Reflections on the GBP/USD Plunge Market Turmoil GBP/USD kicked off the new trading week with a fresh plunge on Monday, falling into familiar lows just north of 1.2700 before recovering ground to end the day close to where it started just below the 1.2800 handle. Markets reversed course and piled into the Greenback in early…

Time to Laugh at the Bearish Streak in the Economy Oh, the Drama of the US Economic Indicators What’s Going on with the USD? Following a bearish streak of US economic indicators, from the leading ISM Manufacturing PMI to the non-farm payrolls, it seems like the bears have taken over the US Dollar index and…

The Impact of Fed Rate Cut Speculation on EUR/USD Rising to a 5-Month High On the build-up of Fed rate cut speculation, EUR/USD has risen to a 5-month high and towards the top of the trading range that has dominated all year. This increase in the value of the Euro against the US Dollar is…