Foreign Exchange

GBP/USD Cuts Part of the In-day Profits, Yet Receives Bid Beyond 1.2000 Due to Weak USD

Nov 29 2022 @ 05:11
Fresh buying orders located the GBP/USD pair Today (Tuesday). This has brought some recovery from yesterday’s dip to a 3-days low. Nevertheless, GBP/USD has retraced a few pips Downwards from its daily height in the first part of the European trading period. As of now, the pair is being bought and sold beyond the 1.2000 […]

GBP/USD Selling Near 1.2050 During COVID Crisis in China

Nov 28 2022 @ 01:59
GBP/USD is facing mild selling pressure around 1.2050 before London open today. GBP/USD is trying to cheer the impetus hopes during the anxiety of main strikes in the United Kingdom and Coronavirus agitations in China. A report from Reuter has it that British public-sector pay won’t be able to match the rising inflation. This is […]

EUR/USD Continues to Gather Profits Above 1.0250 During USD Pullback

Nov 22 2022 @ 03:57
EUR/USD continues to move further above the 1.0250 mark during the opening hours of the European trading period. A lower hawkish tone from the Federal Reserve is burdening the United States Dollar. At the same time, European Central Bank officials see the need for a reduced interest rate come next December. Meanwhile, the United States […]

AUD/USD Appears Weak Near a Week Low During Wide USD Recovery

Nov 21 2022 @ 09:10
AUD/USD continues its downward retracement from last week. The pair slides from the 0.6800 price level and subsequently drew some selling order today. AUD/USD retained its tone throughout the opening of the North American trading period. Now, the pair reclines near a week’s low, barely above the $0.6600 price level. The United States Dollar gains […]

EUR/GBP Continues to Record Moderate Profits Beyond Mid-0.8700S, Lacks Upside Momentum

Nov 14 2022 @ 05:02
EUR/GBP moves higher for the 2nd day in a row today (Monday). Also, it is now holding to moderate in-day profits during the opening hours of the European session. The pair is now positioned beyond the mid-0.8700s however lacks any follow-through buying confidence. The pair keeps attracting some assistance from bets for an increased policy […]

USD/JPY Records Moderate Gains But Loses It

Nov 11 2022 @ 05:09
USD/JPY recorded moderate gains during the early hours of today (Friday). This saw the pair recovering some losses due to a CPI-induced dip towards 140.20. Nevertheless, the in-day uptick failed around 142.00s and the USD/JPY pair gave up most of its in-day gains, as it falls below 141.00 in the first part of the European […]

XAU/USD Maintains Focus on $1,683

Nov 08 2022 @ 06:30
Gold appears to be putting an end to its downtrend. This is happening as the subdued United States Treasury yield provided some assistance. The United States Dollar rebounds strongly during a cautious market sentiment on Mid-term Election Day. Gold bulls stay optimistic as strong support lies at the $1,660 price level. XAU/USD price recently obtained […]

EUR/USD Gathers Profit Under 0.9800 Before United States NFP

Nov 04 2022 @ 07:34
EUR/USD picks up Momentum and moves towards 0.9800 during the early hours of today. Also, the United States Jobs for October will probably influence the pair when it is published later today. This report is likely to aid the US dollar against its counterpart Which will then drive the pair before the weekend begins. A […]

GBP/USD Falls Further Below 1.1500 Due to USD Upside Correction

Nov 02 2022 @ 14:15
GBP/USD has been ranging near 1.1500 after yesterday’s (Tuesday’s) choppy action, while the market was trying to adjust to the Fed’s policy decisions. Also, the larger than anticipated JOLTS job opening data for September, plus the mild upbeat in the ISMs, and the PMI study for last month (October) assisted the USD to recover from […]

EUR/USD Retraces Below 0.9900 Price Levels During Risk Avoidance Flow

Oct 31 2022 @ 23:12
EUR/USD was bought and sold near the 0.9920 price level during the opening of this week, following its closing at the 0.9965 price level three days ago (Friday). The money market commenced the week on a poor note during lukewarm Chinese data. Consequently, this indicates more economic regression in October. This can be seen as […]
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