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Dollar Rises Against Indian Rupee and Six Other Peers
26.9.2022
The rupee is not exactly in freefall, but the bearish series does show that the Rupee is sliding down every day. To be precise, the Indian currency has crossed ₹81 against the US Dollar to touch the mark of ₹81.54. This is the third straight session in which the national currency has gone down....
USD/CAD Rises as the Canadian CPI experiences a Fall
21.9.2022
The USD/CAD pair has increased, and the CPI has shown a falling trend. The pair is currently at 1.3329, an increase of 0.59%. It is estimated that there could be a further rise if steps are not in place to control the rising inflation. Cold water to that fire is Canada’s report for August which...
Exness Registers a $2.8T Trading Volume in August
19.9.2022
Exness, a commercial brokerage with its headquarters in Cyprus, defied market norms in August by managing $2.81 trillion in trading activity. Exness had its highest monthly numbers to date, while most of its rivals recorded a monthly decline in activity due to the summer vacations. Every month,...
GBP/USD Reaches 1.1500 With UK Politics and Brexit Testing Buyers
15.9.2022
The week started well for the Britain Pound Sterling, but the currency does not appear to be holding its progress. Wednesday witnessed the GBP/USD pair falling back to 1.1500, fading its corrective bounce off the weekly low. Most UK forex brokers believe the reason behind this dip to be...
Support for GBP/USD Pair With Economy Expansion in July M/M
13.9.2022
The UK and its currency are going through a rough patch during the current economic calendar that could soon be revised, assuming the factors go in their endorsement in the coming times. The situation is currently at unease with the Bank of England pushing the rate decision to September 22, 2022...
GBP/JPY Crosses 166 Ahead of UK Data Dump
12.9.2022
Asian Indices The ASX 200 index for Australia increased by 75.2 points (1.09%) and is now trading at 6,969.40. The Nikkei 225 index of Japan is now trading at 28,215.57 after increasing by 150.29 points (0.54%). The Hang Seng index in Hong Kong has increased by 507.63 points (2.69%) and is...
Euro Gains Value on US Dollar Ahead of the ECB
9.9.2022
The financial market recently witnessed the euro gaining value on the US dollar. A major reason behind the movement came after the ECB (European Central Bank) meeting about the euro’s GDP figures. The meeting concluded with the final annualized GDP of 4.1% against the 3.9% accrued in July. Many...
The Decline From the Lowest Levels Since 1985 for GBP/USD Pauses
8.9.2022
Due to the UK economy’s particular sensitivity to the economic disruptions brought on by the coronavirus epidemic, the British pound decreased to its lowest level versus the dollar in 35 years. The pound’s value has dropped significantly recently, falling 4.2% more to $1.15...
Yen Drops to 24-Year Low While Dollar Holds Steady Position
6.9.2022
The week started positively for the safe-haven dollar as it hit a 24-year high against the Japanese yen. The development emerged after the tightening of the US monetary policy. On the other hand, Japan maintained its low-interest rates, widening the gap even further. Top forex brokers across...
After the Dollar Index Reaches 110, the Indian Rupee May Open Slightly Lower
5.9.2022
After the dollar index reached a new 2-decade high on Monday, it’s possible that the Indian rupee could start the day somewhat down against the greenback. In contrast to the previous session’s finish of 79.7950, the rupee is expected to open between 79.84 and 79.86 against the dollar....
Oil falls Due to USD and China Lockdowns; Gold Nears $1700
2.9.2022
As China continues to struggle in its battle against the COVID pandemic and concerns of a worldwide recession mount as rates rise, crude oil prices are plummeting. OPEC+ is expected to discuss output reductions at their meeting on September 5; however, despite Friday’s increase in oil prices...
Rate Hike Expectations Boost the Euro and the Dollar
31.8.2022
On 31st August, the greenback was bigger and more powerful than expected U.S. economic reports and aggressive Federal Reserve remarks indicated increased interest rates, but rate-hike expectations in Europe also showed the currency union hanging on above par. Markets are valuing a better-than-even...
DXY Seeks Balance as Euro Wonders Where to Land
30.8.2022
The world economy is in for some introspection as the US Fed eyes go for a hike of 75bp sometime in September. This comes after the 2-year US yields rise by 10bp to touch 3.48%. DXY is at its highest since September 2002, with 109.47. Twenty years later and talks have gained space in the …
Dollar Soars as Fed Announces High-Interest Rates
29.8.2022
The week started with the US dollar soaring through the roof. The safe haven briefly crossed its 20-year highs against multiple currencies as the Fed indicated high-interest rates for some more time. According to Jerome Powell, the Federal Reserve Chair, the interest rates will help bring down...
Where to Sell EUR-USD this Week Amid Resilience?
26.8.2022
Investors are eyeing popular currency pairs like EUR-USD as the financial sector finds its rhythm. The EU nat gas prices are shifting higher with an increase in inventory levels. The week witnessed the EUR-AUD pair breaking through the multi-month support at 1.4370. In other words, the pair is...
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...