Forex

2 May 2024
Australian and New Zealand Dollars Retain Strength as Powell Calls for Rate Patience

Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: …

2 May 2024
Yen Sees Unexpected Volatility From Possible Intervention

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a …

29 April 2024
U.S. Inflation Data Weakens Asian Currencies, but Equities See Upswing

29th April 2024 – Following recent inflation data in the United States, which indicated that immediate interest rate cuts are unlikely, currencies in Asian emerging markets experienced subdued activity. The Indonesian rupiah depreciated by 0.3% against the U.S. dollar, while …

29 April 2024
Rupee Under Pressure From Delayed US Rate Cuts

The Indian rupee closed lower against the U.S. dollar on Monday, settling at 83.41, down from its previous session’s close of 83.34. SEE: USD makes significant gains against INR on VT Markets trading app. Factors such as increased dollar purchases by …

29 April 2024
Sakura Viewing in Japan is Now Cheaper with Weakening JPY 

Pictured: You enjoying the beautiful sakura beneath a pastel blue sky While the entire of Japan has been seeing the Sakura blossom throughout April, the Japanese Yen continued to depreciate following the announcement from the Bank of Japan on maintaining …

26 April 2024
Forex Scams Are Why You Need a Good Broker

With forex brokerages a dime a dozen these days, it’s easy to overlook the importance of a good broker. With each broker touting a variety of selling points and gimmicks, traders today are overwhelmed from information overload – making them …

25 April 2024
ASIA: Nikkei in the Dumps: Tech Stocks Tumble, Yen Weakens

Japan’s Nikkei share average recently saw a downturn, dropping 2.16% to close at 37,628.48, following a three-day upward streak. This slide was led primarily by losses in the technology sector, while the market braces for the Bank of Japan’s upcoming …

25 April 2024
MARKETS TODAY: Yen Shift, Meta Stock Performance

The USD/JPY pair has surpassed the 155.00 mark, a level highlighted by ex-Deputy Finance Minister Michio Watanabe as pivotal. SEE: USD/JPY breaks the 155.00 level on the VT Markets trading app This move comes as the market anticipates key economic data …

24 April 2024
Sterling Stabilises After Tuesday’s Strong Gains

Sterling stabilises after Tuesday’s strong gains, fueled by above-forecast U.K. purchasing-manager surveys, Bank of England signals that it isn’t in a rush to cut rates, and a weaker dollar. The currency’s performance reflects heightened market attention to central bank signals …

24 April 2024
Dollar Steadies Around Currency Movement and Economic Data

The dollar index, which tracks the U.S. currency against a basket of six major peers including the euro, sterling, and yen, held steady at 105.64 in early Asian trading, following a decrease of 0.4% overnight. This movement came after the …

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