Market analysis for 25th May 2021
Market analysis for 25th May 2021 EUR/USD A bullish trend for the EURUSD pair is expected with an optimal forecast of 1.2279 and with daily volatility of 0.47%. The successive gains in the pair are credited to the downbeat performance of the US dollar. The higher point for the pair was $1.2215 yesterday, giving […]
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 […]
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 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 […]
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 […]
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 […]
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, […]
Dollar Elevated with Expectations on Fed Policy Decision
Dollar Elevated with Expectations on Fed Policy Decision The Dollar inclined on Wednesday Morning in Asia after the U.S. Federal Reserve’s announcement of latest policy decision and Joe Biden’s spoke in front of a collective assembly of Congress, is going to happen later in the day. The U.S. Dollar Index traces the greenback against […]
The Dollar Elevated but Endures near Seven-week low Amid Fed policy Decision
The Dollar Elevated but Endures near Seven-week low Amid Fed policy Decision The dollar was up on Tuesday morning in Asia, although, stayed near multi-week lows as U.S. Treasury yields sink. Most investors consolidate positions ere the U.S. Federal Reserve’s most advanced policy decision. The U.S. Dollar Index traces the greenback slightly up by […]
The Dollar Declined Amid ECB Policy Decision
The Dollar Declined Amid ECB Policy Decision The Dollar Declined on Thursday Morning in Asia, remaining near multi-week lows as declining gains in U.S. Treasury yields shrunk the U.S. Currency’s interest-rate benefits. The U.S Dollar Index traces the greenback against a basket of other currencies slightly down by 0.03% to 91.105. The USD/JPY pair […]
Dollar Tumbled, Euro Inclined as Vaccination Rollout
Dollar Tumbled, Euro Inclined as Vaccination Rollout The U.S. Currency declined on Tuesday Morning in Asia, persisting near a six-week low as the Euro inclined after the rallying COVID-19 vaccine rollout. The U.S. Dollar Index that traces the greenback edged down 0.14% to 90.927 against a basket of other currencies. The USD/JPY pair slightly […]
Dollar Inclined, however, persisting near one-month low as U.S. Yields Rebound
Dollar Inclined, however, persisting near one-month low as U.S. Yields Rebound The Dollar was high on Monday morning in Asia however persists almost a one-month low as Treasury Yields lingered near their lowest levels in five weeks following the U.S. Federal Reserve recapitulate its perception of an increase in inflation will not be permanent. […]
The Dollar Elevated after Treasuries Enfeeble Current Strength
The Dollar Elevated after Treasuries Enfeeble Current Strength The U.S currency was high on Friday Morning in Asia however, was ready to call off the week with a terrible successive weekly drop in 2021. The U.S. Dollar Index traces the greenback slightly up by 0.10% to 91.713 against the basket of other currencies. The […]