Forex News

EUR/JPY Takes a Tumble: BOJ Policy Decision Fails to Sustain Mid-15800s Levels The Impact of Bank of Japan’s Policy Decision on EUR/JPY Cross The EUR/JPY cross experienced a downward trend after the Bank of Japan (BoJ) announced its policy decision on Friday. This resulted in the cross moving away from

GBP/USD Continues to Climb as Greenback Struggles: A Look at the Latest Market Trends Introduction On Thursday, GBP/USD reached a fresh 30-month high as the US Dollar faced a broad-market selloff, leading to a surge in risk appetite for Cable and strengthening the Pound Sterling. The Federal Reserve’s 50 basis

Markets Soar as Fed Cuts Rates: Pound to Dollar Exchange Rate Skyrockets in 2024! Interest Rate Cuts Fuel Market Surge Interest rate decisions continue to have a significant impact on global markets, with the latest move by the Federal Reserve causing a surge in the Pound to Dollar exchange rate.

NZD/USD: Battling for a Two-Week High as the US Dollar Rebounds Overview The NZD/USD pair is currently showing significant gains of more than 0.5% as it tries to reach the two-week high of 0.6270 during Thursday’s North American session. However, the Kiwi asset is facing slight pressure as the US

Breaking Down the Latest USD/CAD Update: What You Need to Know According to Scotiabank Description: The FOMC decision failed to shake the CAD out of its broad range. But the CAD has shaken off yesterday’s late session wobble to regain the mid-1.35s this morning amid broader USD weakness and firmer

Breaking News: EUR/USD Skyrockets Above 1.1150 as Traders Digest the Fed’s Massive Interest Rate Cut! The EUR/USD Climbs Above 1.1150 In Thursday’s European session, the EUR/USD pair surged above 1.1150, fueled by a weakening US Dollar (USD) following the Federal Reserve’s (Fed) significant interest rate cut. This move comes as

USD/CHF Struggles to Stay Afloat as USD Weakens, But Holds Steady Above Mid-08400s The USD/CHF pair attracts some sellers following an intraday uptick to the 0.8515 area, or a one-week high and drops to a fresh daily low during the first half of the European session on Thursday. As the

USD/CAD Retreats from One-Month High, Dips to 1.3600 as USD Weakens Again The Battle of USD/CAD Continues The ongoing battle between the US dollar (USD) and the Canadian dollar (CAD) continues as the USD/CAD pair struggles to maintain its momentum. After reaching a one-month high in the Asian session, the

GBP/USD Update: Pound Sterling Draws in Dip Buyers as Price News and Forecast Unfold Description: The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the

GBP/USD: Steady as BOE Rate Call Looms – What to Expect Description GBP/USD hit a fresh 30-month high on Wednesday, pushed within inches of the 1.3300 handle after the US Federal Reserve (Fed) trimmed interest rates by a jumbo 50 bps and chalking in the US central bank’s first rate

Breaking News: AUD/USD Skyrockets as Fed Slashes Interest Rates by 50 Basis Points! The AUD/USD pair surged towards the 0.6800 level following the Federal Reserve’s unexpected decision to cut interest rates by 50 basis points, surpassing the anticipated 25 basis points reduction. This aggressive monetary easing reflects the Fed’s strengthened

Rallying to Success: A Look at NZD/USD Price Analysis as Fed Policy Takes Center Stage The NZD/USD pair delivers a sharp upside move to near 0.6230 in Wednesday’s North American session. As investors closely monitor the global economic landscape, the NZD/USD pair has shown significant strength in recent trading sessions.

Unlocking the Gold Forecast: How a Potential 25 bps Cut from the Fed Could Impact the US Dollar The Current State of Gold and the US Dollar Gold prices saw an increase in the first half of Wednesday’s trading session, buoyed by a slight retreat in the value of the

USD/CHF: Is the Downward Spiral Set to Continue? Insights from OCBC Bank Market Analysis The USD/CHF currency pair has been on a downward trend recently, with much of the decline attributed to weakness in the US dollar. Analysts from OCBC Bank, Frances Cheung and Christopher Wong, point out that the

GBP/JPY Fails to Seize Opportunity After UK CPI Increase, Hovers Just Above 18700 Overview The GBP/JPY cross attracts some dip-buyers following an intraday slide to the 185.80 area and climbs to the top end of its daily range during the first half of the European session on Wednesday. Spot prices

GBP/JPY Takes a Dip Towards 18600 as UK CPI Approaches Introduction The GBP/JPY cross is currently experiencing a dip as it struggles to maintain its recovery from a recent low. The Asian session on Wednesday saw fresh selling pressure on the pair, pushing spot prices closer to the 186.00 mark.