Forex News

Jumping on the GBP/USD Rollercoaster: A Wild Ride for Traders Strap in, folks! GBP/USD stretched into a two-day winning streak on Tuesday, gaining one-fifth of one percent and recapturing the 1.2700 handle, but only just. Cable is paring away last week’s losses to recover into a near-term middle ground as Pound Sterling traders brace for…

The USD/CHF pair extends winning streak for eighth consecutive day Swiss Franc weakens as SNB expected to continue monetary policy easing The USD/CHF pair continued its winning streak on Tuesday, reaching a fresh five-month high around 0.8970. The Swiss Franc (CHF) remains weak against the US Dollar as the Swiss National Bank (SNB) is anticipated…

Sterling Keeps Calm and Carries On: A Closer Look at UK Employment Data Breaking Down the Numbers Yesterday’s release of UK employment data provided a ray of hope amidst the gloom and uncertainty surrounding Brexit. Wages have proven to be resilient, defying expectations and remaining robust despite growing concerns about the impact of the Autumn…

The NZD/USD and the Rollercoaster of 2024 The NZD/USD Rollercoaster It’s been a wild ride for the NZD/USD in 2024, with the New Zealand dollar coming under pressure due to a variety of factors. New Zealand’s recession, China’s economic woes, and the robust performance of the US economy have all played a role in shaping…

The AUD/USD Pair Turns Flat as US Dollar Recovers Introduction In Monday’s North American session, the AUD/USD pair surrendered its intraday gains and turned flat after failing to extend its upside move above 0.6380. The Aussie pair gave up gains as the US Dollar (USD) recovered its intraday losses ahead of the United States (US)…

EUR/USD Ticks Higher Ahead of PMI Data Release European Session Update The EUR/USD pair inched higher to near 1.0515 in Monday’s European session as traders eagerly await the release of the preliminary Purchasing Managers’ Index (PMI) data for December on both sides of the Atlantic. The PMI report is expected to provide insights into the…

USD/CAD Falls Slightly After Reaching Multi-Year High What Caused the Decline? The USD/CAD pair recently hit a multi-year high of 1.4245 on Friday but has since dipped to around 1.4230 during Asian trading hours on Monday. This drop can be attributed to the weakened US Dollar against the Canadian Dollar, influenced by lackluster US Treasury…

The Pound Sterling Plummets Against Major Currencies as UK’s Economic Data Disappoints A Surprise Decline in UK’s Economy On Friday, the Pound Sterling (GBP) took a sharp nosedive against its major peers following the release of disappointing economic data by the United Kingdom (UK) Office for National Statistics (ONS). The report revealed that the monthly…