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The Euro Regains Parity As Market Confidence Rises
25.8.2022
On 25th August, the euro surged over par with the greenback as traders watched to see if Federal Reserve Chair Jerome Powell would adopt a more tough stance at a conference this week as the current U.S. currency advance lost pace. The euros and other currencies connected to general investor...
The Rupee Dropped 4 Paise to 79.87 Against the USD in Early Trading
24.8.2022
As a result of the US currency’s strengthening in the international market, the rupee lost 4 paise in value against the US dollar in today’s starting trading. The rupee depreciated by 4 paise from the earlier estimate to 79.87 at the interbank foreign exchange from its opening price...
The USD/JPY Rate Targets a Yearly High
23.8.2022
The exchange rate looks at the current pace to challenge the yearly peak (139.39) after surpassing the starting range for August as USD/JPY rises for five straight days while continuing the week’s string of greater highs and lows. As it moves to a new monthly peak (137.65), USD/JPY mostly...
In Early Trade, Rupee Adds 4 Paise to 79.80 Against USD
22.8.2022
The gradual dip in global crude prices is helping economies restabilize. Its most recent effect was witnessed on the INR (Indian Rupee) when the currency gained 4 paise against the US dollar. During early trade, INR reached 79.80 against the USD at the interbank foreign exchange. Some of the best...
Asia’s Markets Are in Limbo As the Dollar Gains Ground
19.8.2022
As economic downturn shadows loomed over Europe on Friday and underlined the improved comparative performance of the U.S. economy, Asian markets had been left in a state of ambiguity. The MSCI’s biggest indicator of Asia-Pacific equities outside Japan decreased by 0.1% to end a whole week...
AUD/USD Corrects Towards 0.69 Amidst Australia’s Employment Fall
18.8.2022
During an Asian session on Thursday, the AUD/USD currency pair is burdened by yet another dismal employment report in addition to new worries over Taiwan. Despite this, the Australian currency pair is still under pressure at 0.6935, having retreated to a new daily low of 0.6924 before noon that...
Indian Rupee Reflects Recovery; USD/INR May Hit 79.50 Soon
17.8.2022
In the early hours of Wednesday, USD/INR recovered from the steady drop to reach the prior support, reaching 79.30 at the time of this writing. By doing so, U. S. dollar gets acknowledgment before releasing the Federal Open Market Committee (FOMC) minutes of the meeting, consolidating the recent...
US Dollar Strong Market Performance Brings Down the Euro Prices
16.8.2022
The previous week witnessed the gold prices rising in almost every trading session. At the start, the volatility was low since investors were waiting for the US inflation data to be released by the Federal Reserve. Since the gold prices were rising, traders assumed a slowdown in US inflation...
GBPAUD Offering Trading Opportunities
12.8.2022
As the financial market is recovering from its recent downfall, the pound is weakened against most major currencies, and the currency is still weak against names like the CHF and the USD. Amid the market’s stabilization, traders find ample investment opportunities in the GBPAUD pair. The trading...
BoE and US Fed Release Their Historical Data, Supporting the GBP/USD Pair
10.8.2022
GBP/USD trading pair caught a lot of attention with the Bank of England and the US Federal Reserve doing their best to support it after a losing but eventful week. Forex brokers keep their eyes on the trading board to make the trade for a green margin. FXCM, a New York-based platform founded...
With a Mixed Graph of Ups and Downs, Bulls Anticipate Gains
9.8.2022
A bullish trend prevailed yesterday, making silver a hot trade for those seeking a near-term option. Asian indices were a mix of ups and downs, with the majority recording an up-trend on the trading board. ASX 200, Australia, is at 7,029.40 with an upswing of 8.8 points. The figure is impressive...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
6.8.2022
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s...
5 Tips to Trade Forex Safely in Kenya
5.8.2022
The endless opportunities to earn profits from the forex market have allowed Kenyan traders of different experience levels, including novices who have recently stepped into the financial market to seasoned traders with years of experience, to enter and benefit from forex trading. Several foreign...
The Dollar Prowls Below Highs as Fear Arises Surrounding Europe’s Gas Supply
18.7.2022
The combination of wobbling economics in China and Europe and the rising interest rates in the United States has led the greenback to soar this year. It pushed the numbers above parity for the first time in around 20 years before it eased back. Euro was last bought at $1.00955, whereas the...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
India's Law Enforcement Agency Probes Crypto Exchanges For Forex Violations
8.7.2022
The government agency has summoned cryptocurrency exchanges under the the Foreign Exchange Management Act 1999
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
Aussie Dollar Holds Up after a Positive Jobs Data
19.5.2022
The employment data was released on the 19th of May in Australia. The effects of this data have so far been on the side of the AUD as it reportedly holds to a steady trajectory. However, experts remain still skeptical about the currency’s ability to rally against the USD in the long term....
Dollar Slides After Two-Decade High as Focus Shifts to Growth
18.5.2022
The United States dollar seemed to keep to the downside for the third consecutive day on Tuesday. Investors cashed out and cut their bets on the US interest rate hike to push for further gains. The American dollar fell from the two-decade high of 105.010 and settled for 104.169 in the dollar index....
Plus500 Board Anticipates Higher FY22 Revenue Than Expectations
17.5.2022
Plus500 is expecting to beat the market expectations after its Board announced an estimated revenue of $628.4 million for FY22. Additionally, Plus500 is expecting to register its Earning Before Interest, Taxes, Depreciation, and Amortization at $290.5 million. Figures estimated by the Board...