Forex News

Australian Dollar (AUD) Movement What to Expect According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, the Australian Dollar (AUD) is likely to trade in a range between 0.6330 and 0.6365. In the longer run, momentum remains strong, and AUD could potentially continue to advance, reaching up to 0.6410. Insightful Analysis This…

Silver Prices Rise, Sparking Excitement Among Investors What’s Happening with Silver Prices? According to FXStreet data, silver prices (XAG/USD) experienced a noticeable increase on Wednesday. The precious metal is currently trading at $32.98 per troy ounce, marking a 0.44% rise from the previous day’s price of $32.84. Why the Increase? The rise in silver prices…

The Impact of USD/CAD Pair Trading Below 1.4200 Introduction The USD/CAD pair is currently trading below 1.4200 in Wednesday’s European session. This is a result of the US Dollar ticking lower as investors eagerly await the release of the Federal Open Market Committee (FOMC) minutes for the January policy meeting. Market Analysis The Loonie pair…

The GBP/USD exchange rate continues to soar What is driving the rally? The GBP/USD exchange rate continued its strong rally on Wednesday after the UK published a hotter-than-expected inflation report and as the market awaited for the upcoming Federal Reserve minutes. Despite the UK facing stagflation, the UK pound seems to be defying gravity and…

Welcome to the Forex Rollercoaster! What’s Going on with EUR/JPY Today? EUR/JPY is on a wild ride today, hovering around 158.50 during the European trading hours. The cross is experiencing some weakness as the Japanese Yen gains strength. This is due to the growing expectations that the Bank of Japan will continue to raise interest…

The AUD/USD Pair: A Positive Trend Introduction The AUD/USD pair is experiencing a positive trend as it regains traction following a modest downtick. The pair is maintaining its positive bias amidst a slight downturn in the US Dollar. This can be attributed to the Reserve Bank of Australia’s relatively hawkish outlook, which is helping to…

Is GBP on the Verge of Strengthening Against USD? A Closer Look at the GBP vs USD Exchange Rate Pound Sterling (GBP) Outlook According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, there is a chance for Pound Sterling (GBP) to edge higher against the US Dollar (USD). However, they note that…

EUR/USD Ticks Higher as US Dollar Struggles What’s Happening in the Forex Market? In Wednesday’s European session, the EUR/USD pair is edging higher, approaching the 1.0460 level. This movement comes as the US Dollar (USD) is facing challenges in extending its recent recovery, despite several tailwinds. The US Dollar Index (DXY), which measures the dollar…