What is Forex?
FOREX stands for the very popular Foreign Exchange Market. Sometimes, though, people associate it or equate it to mean also currencies.
Basically, forex is where people trade....
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What is Forex?
FOREX stands for the very popular Foreign Exchange Market. Sometimes, though, people associate it or equate it to mean also currencies.
Basically, forex is where people trade....
Here is what you need to know on Friday, August 9th:
- The market mood is mixed after the US is moving forward to limit Huawei – the Chinese telecom giant in retaliation for China's halting of...
ISTANBUL, Aug 5 (Reuters) - Turkey’s central bank increased the reserve requirement ratios on forex deposits and participation funds by 100 basis points for all maturity brackets, in a move to...
The DXY has rallied around 0.80% since the announcements and Powell's presser. As for yields, analysts at Westpac noted that "US 2-year treasury yields jumped from 1.81% to 1.96% in response to the...
- EUR/USD has advanced despite a small miss on German HICP inflation. Today we will learn about euro-zone inflation in July and GDP in the second quarter. Both are expected to decline in comparison...
The Euro broke down during the course of the week, reaching down towards the 1.11 level. This was mainly due to the ECB meeting, and of course the statement after the rate decision. The 1.11 level...
The euro and the pound were little changed against the U.S. dollar on Friday in Asia following mixed comments from European Central Bank (ECB) President Mario Draghi.
The euro initially rallied...
Broad-based US dollar strength continued to remain the underlying theme in Asia this Wednesday, as Treasury yields cheered the US-China trade progress and US budget and debt ceiling deal. The Asian...
Following last week's British tanker seizure in the Strait of Hormuz and rising tensions, supporting the bid in the price of oil, Reuters has reported that Britain is requiring a unified effort...
Here is what you need to know to start your day on Thursday, July 18th, European session:
- US dollar extended overnight losses vs. main competitors in Asia as Treasury yields slid further on...
"The US dollar is up against all G10 currencies on the day, helped by a bounce in yields after the US-China trade truce and by the relative outperformance of US vs global PMIs. EUR/USD fell from...
European Central Bank President Mario Draghi has said that further stimulus will be needed if the data fail to improve, a slightly more aggressive stance than the Federal Reserve, which is still...
The pair stalled its recent bearish slide and managed to find decent support near the 107.00 handle during the Asian session on Friday. The attempted rebound from multi-month lows lifted the pair to...
Gold price is currently above the 1375 breakout threshold I’ve had penciled in as important to confirm a move higher out of the massive multi-year wedge it’s been stuck in. We may see some testing...
US May housing starts fell 0.9% m/m vs expectations of a 0.3% gain. "However, the April release was revised up, leaving the aggregate level as expected. Housing demand has shown some signs of...
The AUD/USD pair dropped 0.3% to 0.6906 by 12:05 AM ET (04:05 GMT) after data showed the unemployment rate held above 5% in May, despite a surge in hiring. The data highlights the challenge facing...
Meanwhile, there were a number of antagonistic Tweets and headlines circulating around financial and commodity markets that dampened the risk-on mood. Trump reminded markets that more tariffs will be...
The US dollar fell against all the major currencies last week, and the technical indicators warn the further losses are likely. Market speculation that the Federal Reserve will be forced to cut rates...
A margin call is what happens when a trader no longer has any usable/free margin. In other words, the account needs more funding. This tends to happen when trading losses reduce the usable margin...
Forex today saw another slide in U.S. yields and a deeper low in the dollar following continue concerns over global growth and trade. The DXY dropped to 97.11 while U.S. yields fell from 2.13% to...
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