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Dollar Close to 14-Month High Against Euro Amid Inflation Fear
7.10.2021
The US dollar recently came close to its 14-month high against the euro after energy prices surged. The surge came amid market worries about inflation while asking the Fed to normalize the policy quickly. The currency steadied around 1.1558 dollars per euro after establishing a grip at 1.1529...
OPEC+ Decision Causes the Highest Surge in Oil in Seven Years
6.10.2021
This week’s big news from the oil industry is the rise in oil prices caused by OPEC+’s increased output. On Monday, the cartel and supporters discussed the current status of its production quantities in a virtual meeting. It was decided unanimously that production would keep increasing...
Dollar Dips Below One-Year High After Payrolls Test Increase
5.10.2021
Tuesday witnessed the US dollar falling below its one-year high against major peers. The primary reason behind the dip is traders keenly waiting for the US payrolls data. The information is key to assessing Fed’s tapering decision and interest rate hikes. Contrarily, the AUD maintained...
AUD/USD, China, Australian Dollar, Risk Trends: Talking Points
4.10.2021
With Asia-Pacific sectors set for a peaceful session, investors tidy up for a hectic one. The Chinese markets are set to close the equity and bond operations amid a week-long holiday. Meanwhile, AUD/USD aims to continue its late-week rebound after setting a new low. Another surprising news came...
Dollar Strength Remains High as Traders Wait for Tapering
29.9.2021
On Wednesday, the dollar was trading at its highest levels, driven higher by the U.S. rates and aided by market concerns about the Federal Reserve would begin to remove the support as global economic headwinds mount. The Japanese yen is a currency that is sensitive to the U.S. yields because higher...
Yen Weakens to 111 Per US Dollar
28.9.2021
The value of the US Dollar recorded its highest in over five weeks, while the value of the Japanese yen plummeted against both Euro and the Dollar, according to reports of forex brokers. The yields of the US Treasury spiked over the past week when the Federal Reserve declared it would decrease...
AUD Forecast: AUD/USD May Swing After Chinese Industrial Profits
27.9.2021
The Australian dollar might make a comeback against the USD this week. Australian forex brokers are keeping a close eye on Chinese industrial profits to assess AUD’s movements. The profits will be broadcast at 1:30 GMT, deciding AUD’s short-term future. The industrial sector has witnessed gradual...
FTSE100 Lags as European Stock Rises
24.9.2021
The European stock market surged for three consecutive days, making it a positive day for traders and investors of Europe amid the slowed-down economy of the nation, according to CMC markets updates . However, despite the inclination in the European stock market, the value of FTSE100 has dropped...
Bank Forex Deposits Rise by SH2.6 Billion in July
23.9.2021
The Kenyans’ foreign money deposits in the local banks fell by about Sh2.6 billion in the month of July. This indicates an increase in consumption by the importers, who increased holdings belonging to them in June. According to Kenya National Bureau of Statistics (KNBS) statistics, value...
US Dollar Uptrend Back to Focus, While EUR/USD to Support Zone
20.9.2021
This week, the US Dollar made a return, further extending gains versus the Euro. After ignoring the 1.1909 – 1.1887 resistance zone, the EUR/USD formed a Shooting Star by August. The pair is preparing to revisit the crucial 1.1704 – 1.1664 support zone after wiping out the 23.6 percent...
ANZ Shifts Share Investing Clientele to CMC
17.9.2021
ANZ, the Australia and New Zealand Banking Group, is making a big change. It is spending nearly AUD $ 25 million to shift its share investing clients to the CMC market. The move will entail shifting the accounts of nearly 500,000 clients. The total investment portfolio of these clients is nearly...
Kiwi Improves, Dollar Sluggish As Traders Bide Time Before Fed Meeting
16.9.2021
Traders have been looking forward to the coming week’s Federal Reserve Policy meeting. The Dollar has been lagging compared to the other peer currencies of different economies. The Kiwi surged by 0.23% by briefly reaching 0.47%. The New Zealand Dollar was able to jump because the economy grew...
A Contemporary Re-Vamped Forex System Launched by IQ Option
15.9.2021
IQ Option derivatives broker IQ Option is a CySEC regulated derivatives broker spanning 176 US and European stocks, 120 foreign exchange instruments, four hard and soft commodities,13 cryptocurrencies, and 23 EFTs. It is equipped with a range of CFDs and options, binary as well as digital. Other...
Interactive Brokers Launches Crypto Trading
14.9.2021
Interactive Brokers Group said on Monday that it has added low-cost Bitcoin trading on its platform, listing them in the latest online retail brokerage. The US clients of the brokerage firm will get to trade and keep Bitcoin, ETH, and BTH in addition to stocks, futures, mutual funds, and exchange...
Find Out the Best Trading Hours on Forex From Traders Union
13.9.2021
Traders Union is an important portal for information about the Forex trading market. The portal has now shared some ideas about the best trading hours on the market when traders can expect to maximize their profit margins. Conventionally, traders believe that high volatility periods are the best...
Dollar Ready for First Positive Week in Three With Fed Stimulus
10.9.2021
The dollar has been struggling for some time, but the currency is set for its first winning week after three. After rebounding from a payrolls-triggered sell-off, the currency found a positive outlook. Investors are speculating on the Fed’s next move. All eyes are on the Federal Reserve as...
Australian Dollar Seems Unfazed After Chinese Inflation
9.9.2021
Post Chinese inflation, the Australian Dollar did not witness any changes against the US Dollar, and factory gate prices for August were released. Chinese economic data significantly influences the Australian dollar due to Australia’s vast amount of commerce with China. Last month...
Exness Reports -10% MoM for August 2021
6.9.2021
Exness is one of the top CFD and retail FX brokers at present, with clients all over the world using its online service platform. Exness has recently announced its client trading volume for August of 2021. In August 2021, the Exness client trading volume was worth $879 Billion. For them, this is...
Australian Dollar Prediction AUD-USD Sees Domestic Data Prints Before NFP
3.9.2021
The Australian dollar, a risk-sensitive currency, is surging after the closing of the Asia-Pacific trading week. Another factor supporting its growth is the data regarding US jobs, showing relief in the number of infected. During the recent Wall Street trading session, traders dropped the...
Forex Report the Australian Dollar Holds Below 0.74
2.9.2021
The financial market is experiencing a mixed session for stocks, commodities, and currencies. Equities are currently in a short corrective dip with chances to make a comeback shortly. On the other hand, Shanghai and Nikkei are facing quick resistance at the current levels. Dow is treading under...