Forex News
USD/CHF Takes a Dive Below 0.8600 as the US Dollar Continues to Weaken – A Closer Look at the Latest Market Movement
The USD/CHF pair faces intense sell-off Swiss Franc plummets as US Dollar slides The USD/CHF pair faces an intense sell-off and slides below the round-level support of 0.8600 in Tuesday’s North American session. The Swiss Franc asset plummets as the US Dollar (USD) has declined to a multi-month low as investors seem to be strongly…
Canadian Dollar Dips as CPI Strengthens Case for BOC Rate Cut in September, While Gold Continues to Rally: A Market Overview
The Impact of the Canadian Dollar on the Global Economy Recent Economic Data The Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data, which showed a further slowdown in inflation. Headline CPI fell to a 40-month low and core measures also eased. This set…
Clever, Personable, and Unconventional: A Reader-Friendly Look at NZD/USD’s Multi-Week High Above 0.6100
The NZD/USD pair builds on the overnight breakout momentum Breaking through the 200-day Simple Moving Average The NZD/USD pair is showing strong momentum as it continues to build on the overnight breakout through the very important 200-day Simple Moving Average (SMA). The pair has been scaling higher for the third successive day on Tuesday, with…
EUR/JPY Soars to 163.00 as JPY Supply Increases: A Look at Final Eurozone CPI for Potential Momentum Boost
The EUR/JPY Cross: A Volatile Ride Introduction The EUR/JPY cross recently saw a significant rally of nearly 130 pips from its Asian session low, reaching around the 161.70 region and spiking to a fresh daily peak in the last hour. This surge was driven by fresh selling pressure around the Japanese Yen (JPY), with spot…
Gold Price Stuck in a Funky Range Around $2,500: Bulls Refuse to Surrender Just Yet!
Hey there, Gold Diggers! Talking Gold Prices: More Than Just Shiny Rocks So, you’ve heard the buzz about the gold prices taking a little dip lately, huh? Well, don’t worry, you’re not alone. The XAU/USD has been on a bit of a rollercoaster ride, with modest losses being registered on Monday. But hey, that’s just…
Unleashing the Power of GBP/CAD: A Comprehensive Analysis of the Top News from August 19-23
Unleashing the Power of GBP/CAD: A Comprehensive Analysis of the Top News from August 19-23 The GBPCAD currency pair Representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian dollar is heavily influenced by fluctuations in commodity prices,…
Professionally Educated: NZD/USD Maintains Gains Near One-Month High Amid Weaker USD, Stays Below 200-Day SMA
Professionally Educated: NZD/USD Maintains Gains Near One-Month High Amid Weaker USD, Stays Below 200-Day SMA Description The NZD/USD pair attracts some follow-through buying for the second straight day on Monday and climbs to over a one-month peak amid sustained US Dollar (USD) selling. Spot prices, however, struggle to make it through the very important 200-day…
Unpacking the Impact of Jackson Hole on EUR/USD and USD/JPY: How the US Dollar May Be Affected Without a Significant Dovish Turn
The Impact of DXY Performance on the US Dollar Analyzing the Current Economic Sentiment With little fresh information on the calendar to shift economic sentiment, it’s debatable how much near-term downside is left for the US dollar index (DXY) outside an unlikely extremely dovish tone from Fed speakers at the Jackson Hole symposium. That puts…