Tag: Currency exchange rates

The EUR/USD pair has dropped to 1.1027, hitting a three-week low due to expectations of the European Central Bank (ECB) continuing to ease monetary policy. This decision is driven by slow economic growth and...

The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...

The NZDUSD currency pair is currently on a downward trend, reaching new lows for the day and retesting the previous day's low around 0.6263. This level is below the 38.2% retracement of September's trading...

European Session Update The European session today is relatively quiet in terms of economic data releases, with the German IFO index being the main highlight. The IFO index is often compared to the German Composite...

Atsushi Mimura, Japan's vice finance minister for international affairs and known as the country's 'top currency diplomat', is keeping a close eye on the yen carry trade. The finance ministry in Japan is responsible...

GBPUSD Makes a Volatile Move Before FOMC MeetingThe GBPUSD experienced a significant move in the early US session, breaking above a key resistance area between 1.3221 and 1.3230. This move was discussed in detail...

Key Economic Data Report for Forex TradersIn the ever-evolving world of forex trading, staying informed about economic data releases is crucial for making informed decisions. The Eco Data Report for September 18, 2024, provides...

Stock Market PerformanceThe stock market closed out the week on a high note, with both the NASDAQ and S&P indices posting gains for five consecutive days. This streak of positive performance comes after a...

Sunset Market Analysis: Insights for Forex TradersAs the sun sets on another day in the financial markets, traders are left sifting through the noise to find actionable insights for their next move. In today's...

US Dollar Strengthens Despite Cooler PCE Report: Forex News WrapThe US dollar continued to show strength in the forex market, despite a slightly cooler than expected Personal Consumption Expenditures (PCE) report for July. The...