Forex

Making thousands of dollars within a few clicks? Yes please!  That is the social appeal of forex trading. The instant gratification and the adrenalin rush can often blur the line between strategically trading the markets and gambling.   To sustain …

With a strong US dollar in the backdrop, the USDCNH currency pair is seeking to break above 7.30, despite efforts from the PBOC to counterbalance the US dollar.

Key points: The Australian dollar hits a 17-year high against the yen and a one-year top on the euro. The Reserve Bank of Australia (RBA) holds rates steady at 4.35% while warning of potential inflation risks. The Australian dollar experienced …

Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …

Key points:  USD/JPY pair surged as the Bank of Japan leaves interest rates unchanged.  Lack of forward-looking guidance leads to a sharp decline of the Japanese yen.  Bank of Japan to begin reducing its ¥6 trillion monthly bond-buying program.  This …

Key points:  The US dollar index rises to the 105.50 price level.  Retail sales data for May 2024 expected to match the 0.2% annual growth of April 2024.  Steady interest rates and lower inflation support the strength of the US …

Key points: The RBA held rates steady at 4.35%. Markets now see a 56% chance of a rate cut in December. Core inflation in Australia stands at an annual 4.0%. The Australian dollar showed little movement on Tuesday after the …

Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …

Key points: Yen shows minor weakness ahead of the BOJ policy decision. Euro faces weekly decline amid political turmoil in France. On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the …

Key points:  Bank of Thailand to review inflation target range.  Prime Minister Srettha Thavisin suggests the review will increase the likelihood of a rate cut.  Bank of Thailand leaves interest rate unchanged for the fourth consecutive meeting.  The Bank of …