Forex News

The Impact of USD Strength on NZD/USD Pair Introduction The NZD/USD pair struggles to hold the immediate support of 0.5850 in the North American trading session on Monday. The Kiwi pair sees more downside as the US Dollar (USD) performs strongly across the board on expectations that the economic agenda of President-elected Donald Trump will…

The Canadian Dollar (CAD) remains stable as USD yield differentials favor USD Introduction The Canadian Dollar (CAD) is little changed to start the week. There is no incentive to push the CAD higher at this point while yield differentials remain so favorable for the USD so stability or, more likely, more CAD softness are the…

The EUR/CAD cross: A Rollercoaster Ride Starting the Week on a High Note Hold on to your hats, folks! The EUR/CAD cross is getting some action as we kick off a new week. It’s like watching a tennis match, with back and forth movement that keeps us on the edge of our seats. Who knew…

Welcome to the Gold Rush: XAU/USD Reverses Sharp Decline Monday Madness with Gold Prices Have you heard the news? Gold prices (XAU/USD) are on the rise! After a rough patch last week, where the precious metal hit its lowest level since September 12, it seems like Monday is bringing some much-needed positive traction. It’s like…

GBP/JPY Takes a Dip as Japan’s Robust Growth Boosts the Yen Market Analysis GBP/JPY trades lower by about a third of a percent, in the 197.10s on Friday, after the release of weak UK economic growth data led to a depreciation of the Pound Sterling (GBP). The Japanese Yen (JPY) conversely was buoyed by better-than-expected…

Oh no, the NZD/USD is on a rollercoaster! Hang on tight as we explore what’s been happening It’s been a wild ride The NZD/USD has been on a bit of a rollercoaster lately, with the New Zealand Dollar facing some downward pressure. The Business NZ Performance of Manufacturing Index (PMI) fell to 45.8 in October,…

EUR/USD Extends Losing Streak to Fresh Annual Low European Trading Hours EUR/USD posts a fresh annual low near 1.0530 in European trading hours and extends its losing streak for the fifth trading day on Thursday. The major currency pair has faced an intense sell-off as the US Dollar (USD) continues to enjoy upside momentum, being…

Feeling the Impact of GBP/USD Exchange Rate Movement Understanding the Current Market Situation GBP/USD eased further into the low end on Wednesday, trimming further south of the 200-day Exponential Moving Average (EMA) in a one-sided bearish decline as the pair closes in the red for a fourth consecutive trading day. The Pound Sterling shed extra…