Forex

Home Awards GW Platt Foreign Exchange Bank Awards 2024—Global And Regional Winners The volatile foreign exchange (FX) markets challenge CFOs and corporate treasurers when managing their currency risks and reporting financial results. Since 2022, the dramatic rise of the US dollar against virtually every other world currency has wreaked havoc on the profits of US

In today’s subdued trading environment, Sterling Euro have emerged as the strongest currencies, outperforming Australian Dollar and New Zealand Dollar. The ascendancy of these European currencies does not appear to be driven by any specific fundamental factors. Instead, it seems to be part of a rotational trend where different currencies take turns rallying against Dollar

The Swiss franc is slightly lower in Wednesday trade. In the North American session, USD/CHF is trading at 0.8509, down 0.31%. The Swiss franc continues to power higher and has climbed 2.5% against the slumping US dollar in the month of December. The Swissie has pummelled the greenback in 2023, gaining 7.7%, and is trading

Forex is like the biggest and busiest money game in the world, catching the eye of lots of new traders. It might look confusing at first with all the talk about pips and bulls. But if you want to get started in this interesting world, you need to know the basic terms. In this article,

Gold has been showing resilience in 2023, opening around $1,800 and continuing higher, where it formed a support zone, which held throughout the year. Buyers have been in control during most of the year and they broke above the all-time high at $2,075 in the first week of December, but the price retreated lower below

BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today. That meeting was somewhat of a disappointment to the markets,

The S&P 500 indicates bullish intent. Traders should buy dips, manage position sizes carefully during the holiday season, and set a stop loss at 4625. Source link

The AUD/USD exchange rate held steady as hopes of a Fed and RBA divergence continued.  Forex Brokers We Recommend in Your Region See full brokers list   Buy the AUD/USD pair and set a take-profit at 0.6893. Add a stop-loss at 0.6700. Timeline: 1-2 days. Set a sell-stop at 0.6780 and a take-profit at 0.6700.

Key Highlights GBP/USD is eyeing more gains above the 1.2750 level. A major bullish flag is forming with resistance near 1.2725 on the 4-hour chart. EUR/USD is gaining bullish momentum above the 1.0980 zone. Oil prices could gain pace for a move toward the $78 level. GBP/USD Technical Analysis The British Pound formed a base

Summary of Opinions of BoJ’s December 18-19 meeting revealed a prevailing view among the board members on a lack of urgency in tightening monetary policy. The consensus was that delaying the decision to tighten poses minimal risk. This general sentiment indicates BoJ’s preference for a measured approach, prioritizing stability and sufficient data before considering changes.

EURJPY rising inside impulse wave (5) Likely to reach resistance level 158.40 EURJPY rising inside the intermediate upward impulse wave (5), which started earlier from the major support level 154.40 (which has been reversing the price from July). The support level 154.40 was additionally strengthened by the 50% Fibonacci correction of the upward impulse from

Forex trading is a rising industry where traders may quickly identify profits or losses. Technology may be a key factor in providing traders with an advantage in this market. Artificial Intelligence (AI) in trading is among the most innovative technical developments. AI is capable of quickly analyzing large volumes of data and coming to wise

Canadian GDP remains flat for a second straight month PCE Price Index eases The Canadian dollar is showing limited movement on Tuesday. In the European session, USD/CAD is trading at 1.3248, down 0.14%. Canadian banks are closed for a holiday, which means it should remain an uneventful day for the Canadian dollar. As there are

Learn about OctaFX, an internationally recognised Forex broker that has become a staple for traders in the Philippines due to its features, legal status, and security measures. Much like in the rest of the world, Forex trading has become an increasingly popular financial tool in the Philippines, and OctaFX has presented itself as one of

Skerdian Meta Lead Analyst Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with

The USD ended 2022 on the back foot after a strong retreat in the last few months, and it continued to remain very weak in the first few months of 2023, with expectations for the FED to stop raising interest rates and reverse the policy. However, the FED kept raising rates until the summer this

 It is prudent to monitor the prospect of a slowing economy, as concerns about corporate earnings may arise shortly. The S&P 500 index exhibited a marginal rally during Friday’s trading session as the holiday season approached. In the broader context, it’s reasonable to anticipate a continued upward trend in the market over the long term.

Silver displayed a back-and-forth trading pattern during Friday’s session, reflecting a certain degree of caution prevailing in the market as the holiday season approaches. This cautious sentiment is quite understandable, given that, to put it simply, buyers have been dominating the silver market, but a brief pullback is expected after the rapid surge in prices.

Key Highlights EUR/USD is holding gains above the 1.0980 level. A key bullish trend line is forming with support near 1.0980 on the 4-hour chart. GBP/USD is also consolidating gains near the 1.2700 level. Gold prices are accelerating higher toward the $2,080 level. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0840 level against

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07 % lower at 101.41 on Friday. Rising for the first time this week, the rupee appreciated by 11 paise to settle at 83.16 against the US dollar on Friday amid a weak American currency and positive equity market