Forex

25 June 2024
China’s yuan hits 7-month low due to weak PBOC guidance

Key points: Yuan dropped to 7.2630 in morning trade, its lowest since November PBOC set the midpoint rate at 7.1225 per dollar, the weakest since November China’s yuan eased to a fresh seven-month low against the dollar on Tuesday, signaling …

24 June 2024
Rupee expected to struggle as positive US data strengthens dollar

Key points: Indian rupee expected to open weaker after US business activity rise. Dollar index climbs to 105.84, impacting rupee performance. The Indian rupee is likely to face pressure at the start of the week following a rise in U.S. …

24 June 2024
Risk management: Your guide to long term survival as a forex trader 

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 …

24 June 2024
Chinese renminbi loses strength in the face of a strong US dollar 

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.

21 June 2024
Aussie surges as interest rate outlooks diverge

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 …

20 June 2024
Sterling holds steady ahead of BoE decision; Dollar falters against yen

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, …

19 June 2024
Japanese yen plummets as silence on rate hike timeline from the Bank of Japan disappoints 

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 …

19 June 2024
US dollar regains strength ahead of key retail sales data 

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 …

18 June 2024
Aussie sees minimal boost from RBA’s hawkish stance

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 …

14 June 2024
Aussie and Kiwi hit multi-month highs on Euro

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 …

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