Breaking Down the Latest Forex News: Rabobank Predicts EUR/USD to Reach Parity Description: A note from RaboBank argues for EUR/USD to reach parity by mid-2025. Citing potential trade tariffs to be implemented by Trump, which would negatively impact eurozone economies, particularly Germany’s. German exporters would likely welcome a softer euro.
From Highs to Lows: AUD/USD Takes a Dip as Aussie Inflation Takes the Spotlight Description: The AUD/USD pair surrenders a majority of its intraday gains after facing selling pressure near the intraday high of 0.6550 in Monday’s North American session. The Aussie pair drops even though the US Dollar (USD)
EUR/USD: The Battle for Recovery as the US Dollar Fights Back Description: EUR/USD holds recovery near the psychological resistance of 1.0500 in Monday’s European session as the US Dollar (USD) slumps. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, tumbles at around 107.00 after
Breaking News: GBP/USD Skyrockets to 1.2600 – Pound Sterling on the Rise! The Pound Sterling (GBP) bounces back strongly at the start of the week After facing a sharp sell-off on Friday, the British currency has made a remarkable recovery. The GBP/USD pair has surged to 1.2600, outperforming its major
Breaking News: Gold Price Plummets Below $2,700, Ending 5-Day Winning Streak Description: Gold price (XAU/USD) retreats after touching a nearly three-week high, around the $2,721-2,722 region during the Asian session on Monday and for now, seems to have snapped a five-day winning streak. US President-elect Donald Trump nominates Scott Bessent
GBP/USD Soars to 1.2600, Escaping Multi-Month Low Amidst Weakening USD The GBP/USD pair opens with a bullish gap at the start of a new week At the beginning of this week, the GBP/USD pair has seen a significant increase in value, soaring to 1.2600 after escaping a multi-month low. This
Get Ready for a Major Currency Shift: Euro to Dollar Forecast Predicts Parity by 2024! The Euro to Dollar Forecast Currency analysts at Rabobank are predicting a major shift in the exchange rate between the Euro and the Dollar. According to their forecast, the Euro will reach parity with the
Breaking Down the NZD/USD Price Analysis: Predicting a Potential Drop Towards 0.5770 The Current State of the NZD/USD Pair The NZD/USD pair has seen a slight rebound after hitting a fresh yearly low near 0.5820 during the North American session on Friday. However, the Kiwi pair continues to remain on
Uncovering the Latest on USD/CAD: A Look at the Canadian Dollar’s Performance According to Scotiabank Introduction The USD/CAD pair has recently made headlines as it gets caught in the crossfire of the hefty US Dollar (USD) advance against the European currencies. The Canadian Dollar (CAD) has seen some fluctuations, rising
Breaking Down the EUR/USD: Eurozone PMI Contracts, Sending the Pair to Near Two-Year Lows Eurozone PMI Data Sends EUR/USD to Near Two-Year Lows On a gloomy Friday in the world of forex trading, the EUR/USD pair plummeted to near two-year lows, dropping below 1.0400. The culprit behind this dramatic slide?
GBP/USD Update: Pound Plummets to 6-Month Low of 1.2550 as PMI Figures Loom Description: GBP/USD extends its losses for the third successive session, trading around 1.2580 during the Asian hours on Friday. This downside is attributed to the stronger US Dollar (USD) as traders continued to evaluate the Federal Reserve’s
EUR/JPY Rebounds from Multi-Month Low, Dips Slightly to 161.70 Ahead of Eurozone PMIs The EUR/JPY cross attracts some follow-through selling for the second straight day The Euro to Japanese Yen (EUR/JPY) exchange rate has been experiencing a downward trend, reaching its lowest level since October 4 during the Asian session
USD/JPY Takes a Dip Below 15400 After Surpassing CPI Expectations and Stimulus Package Announcement Introduction Recently, the USD/JPY pair experienced a significant drop below the 15400 mark following the release of Japan’s October headline CPI data. The figures surpassed expectations, with a 2.3% increase compared to the anticipated 2.2%. This
Breaking Down the GBP/USD Outlook: US Dollar Continues to Dominate The Current State of the FX Market As the global economy fluctuates, so too does the foreign exchange market. Recent movements in the currency pairs have illustrated the dominance of the US Dollar in comparison to other major currencies. In
Feeling the Heat: NZD/USD Takes a Hit as USD Reigns Supreme By RoboForex Analytical Department The NZD/USD pair is currently trading near 0.5879, and the market is experiencing heightened volatility as traders eagerly await the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate
USD/CAD: A Tale of Key Support and the Resilient US Dollar’s Upswing Description: The USD/CAD pair ticks down but holds the immediate support of 1.3950 in Thursday’s North American session. The Loonie pair strives to resume its upside journey on US Dollar’s (USD) firm near-term outlook backed by growing doubts
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