Currency Pairs Analysis
Currency Pairs Analysis EUR/USD The market opening gave a slow start for EUR/USD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, the break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In the corresponding scenario, […]
A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus
A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus Technical Market Analysis EUR/USD Looking out to the pair, the price has already given the dip of 30 pips as the US dollar strengthened, by the mid of Thursday noon EUR/USD had been pushed up by the SMA […]
The Dollar weakened as Fed Minutes Sign at Narrow Discussion
The Dollar weakened as Fed Minutes Sign at Narrow Discussion The dollar dropped on Thursday morning in Asia as the U.S. Federal Reserve meeting minutes unveiled that policymakers recommended a slowdown of bond purchase due to a sign of hastening inflation. The U.S. Dollar Index traces the greenback against a basket of other currencies […]
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict The Dollar Stabilized versus major currencies on Wednesday as traders were waiting for U.S. Federal Reserve minutes, Although bitcoin dropped after China halted its financial institutions from offering services related to cryptocurrency assets. The minutes from the Fed’s most recent meeting is going to […]
Everything you need to know about Stop Loss And its Importance?
Everything you need to know about Stop Loss And its Importance? The spontaneous closing of our trade when the price touches a specific level is Stop loss. Normally, when an order is opened we have the option to enter our stop loss level. There are 2 types, if we place a sales order then […]
Dollar Declined as Investors speculate on the U.S. Interest Rate Staying lower
Dollar Declined as Investors speculate on the U.S. Interest Rate Staying lower The dollar slipped on Tuesday morning in Asia, hitting a six-year low against its Canadian counterpart and hanging close to multi-month lows against European currencies because investors are expecting that up bets the U.S. Federal Reserve would not lift interest rates. The […]
Dollar Higher Over Asian Covid-19 Upsurge Concerns
Dollar Higher Over Asian Covid-19 Upsurge Concerns The Dollar elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries. Notwithstanding, investors are densely positioning for a drop in the U.S. currency as the U.S. Federal Reserve holds to its current dovish policy. The U.S. dollar index traces […]
Dollar Topple; Inflation Concerns Indicate Substantial Week
Dollar Topple; Inflation Concerns Indicate Substantial Week The Dollar declined in early European trade on Friday after the one-week gain because traders considerably seem to be fine with the latest inflation data that could impact on Federal Reserve Policy. The Dollar Index, which traces the U.S. currency against a basket of six other currencies […]
List of Best Forex Trading Platform 2021
Best Forex Trading Platform 2021 If you are familiar with one of the Best Forex trading platforms that are available in the market then you must have come across MetaTrader 4, MetaTrader 5, and C trader. In this blog Best Forex Trading Platform, we have provided our readers with a healthy comparison between the three […]
Dollar Elevated; Fed in Limelight on Inflation Surge
Dollar Elevated; Fed in Limelight on Inflation Surge The dollar slightly higher in early European trade Thursday, with the U.S. currency supported by concerns of an earlier than expected Federal Reserve response to inflationary pressures in the wake of the worryingly large jump in U.S. consumer prices. The U.S. Dollar Index Traces the greenback […]
Dollar slightly Up; Inflation Data Appears Healthy
Dollar slightly Up; Inflation Data Appears Healthy The dollar is a gainer with up in early European trade Wednesday although, remains near recent lows ahead of a key U.S. inflation release. The Dollar Index, which traces the U.S. Dollar versus a basket of six other currencies, was up 0.2% at 90.287. EUR/USD traded 0.2% […]
Dollar Up, Commodity Currencies Restrict Gains
Dollar Up, Commodity Currencies Restrict Gains The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies on the back of rises in the prices of oil and base metals. The U.S. Dollar Index traces the greenback against a basket of other currencies crawled down 0.06% to […]
Dollar Soothes after Beating U.S. Jobs Report
Dollar Soothes after Beating U.S. Jobs Report The U.S. dollar aided losses near 2-1/2 month lows on Monday as a bitter U.S. employment report advised investors to unwrap their increasing long positions in the U.S currency. The United States developed a little more than a quarter of the jobs that economists had anticipated last […]
World Stocks on a Progressive note for First Weekly Gain
World Stocks on a Progressive note for First Weekly Gain World stocks managed for their first weekly gain in three in the middle of the flood in commodity prices on the other hand traders supported the U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back […]
Dollar Tumbles as Risk Tolerance Increases, Pound constant before BoE
Dollar Tumbles as Risk Tolerance Increases, Pound constant before BoE The dollar slipped from a two-week high on Thursday as global market risk appetite improved, on the other hand, traders concentrated on a Bank of England meeting and economic data that might give some hints on when the U.S. Federal Reserve sway dial back […]
The Dollar Climbs Highest in over Two Weeks
The Dollar Climbs Highest in over Two Weeks The dollar was up on Wednesday morning in Asia as concerns over U.S. Treasury Secretary Janet Yellen’s comments about increasing interest rates. The U.S. Dollar Index traces the greenback versus a basket of other currencies was high 0.31% to 91.210. The USD/JPY pair was steady at […]
Dollar High as regardless of Surprise fall in U.S. Manufacturing Data
Dollar High as regardless of Surprise fall in U.S. Manufacturing Data The dollar was high on Tuesday morning in Asia as an unexpected slowdown in U.S. manufacturing growth cut off Investor bets on a booming U.S. economy giving the U.S. currency a boost. The U.S. Dollar Index traces the greenback against a basket of […]
Dollar Constant as Traders Support for more U.S. Data
Dollar Constant as Traders Support for more U.S. Data After its recent bounce on Monday, the Dollar straightened as investors made a cautious start to a week packed with central bank meetings and U.S. economic data, anticipating evidence on the global inflation outlook and policymakers’ responses. Trade was reduced by holidays in Japan, China, […]