Foreign Exchange

CBDCs refer to the type of digital currencies that are issued and backed by the central bank of a particular nation. Unlike cryptocurrencies, which are decentralized and operate independently of an apex bank, CBDCs are centrally issued and centrally managed. Information from the Atlantic Council’s tracker on CBDCs states thus: “114 countries are exploring CBDCs. […]

Gemini Cryptocurrency Credit Card This is a leading crypto exchange that provides a cryptocurrency credit card for users. Gemini allows users to spend their cryptos anywhere around the globe. Users can use their crypto credit cards like normal credit or debit cards. This crypto exchange offers this service for more than fifty cryptocurrencies, and the […]

On the back of smaller Fed rate hike expectations, the EUR/USD pair surged over 11% over the past three months. Against the Swiss franc, the European currency even returned to parity for the first time since July. Wells Fargo strategist Erik Nelson even thinks that EUR/CHF could exceed the level of 1.0265 in the near […]

Plans for Swing Trading If you are fed up with the stress and uncertainties that are associated with day trading, and are in search of another quick way to make profits other than investing? Then swing trading may be the right trading strategy for you. In this article, we’ll disclose seven tested and trusted swing […]

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 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 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 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 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 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 […]