Introduction: The AUD/USD currency pair has been trading within a 100 pip box between 0.6900 and 0.7000, with the bears struggling to gain conviction. The recent moves towards the neckline were faded quickly, creating a pool of liquidity for the bulls to make their move. Despite the lack of a.
Employment Data Boosts Canadian Dollar The USD/CAD pair has extended its retracement slide as the Canadian employment data came out better than expected, pushing the Loonie higher. According to Statistics Canada, the number of employed people rose 150K in January, surpassing the most optimistic estimates. The unemployment rate held steady.
The Australian Dollar (AUD) is ending Friday’s session with minor losses of 0.22%, ahead of a packed economic calendar in the United States (US) dominated by inflation data. The greenback, on the other hand, is finishing the week with solid gains of 0.56% due to a mixed market sentiment. At.
Introduction: The AUD/USD pair experienced a sharp drop in the London fix and around the Wall Street cash open, causing significant damage to the technical structure. Many traders who bought the break of 0.7000 on the hourly chart were caught off guard and are now waiting for a potential correction.
The world of foreign exchange is a fascinating and complex one, with a multitude of factors influencing the movement of currency pairs. One such pair that has garnered the attention of many traders and investors is the EUR/JPY. In this article, we will delve into the recent developments and trends.
Introduction: Asian currencies faced headwinds on Friday as fears of a looming recession in the US sparked a spike in Treasury yields, while mixed economic signals in China and Japan further dampened market sentiment. The Chinese yuan fell after local inflation data showed a sluggish economic recovery, while Southeast Asian.
Nigeria’s central bank recently announced a plan to exchange old banknotes for newly designed ones in an effort to control inflation and reduce cash circulation. However, the plan has been met with controversy and chaos as people scramble to exchange their old notes for the new ones. The Supreme Court.
The EUR/USD remains under pressure, trading around 1.0710, following a reversal from 1.0760. The currency pair is experiencing bearish pressure for the fifth consecutive day, reflecting the hawkish comments from the European Central Bank (ECB) and the Federal Reserve (Fed) policymakers. In this article, we’ll dive into the recent statements.
The Australian dollar against the US dollar (AUD/USD) remains uncertain ahead of the Reserve Bank of Australia’s (RBA) monetary policy meeting announcements. The outcome of the meeting will have a significant impact on the direction of the AUD/USD pair. The Australian central bank is expected to raise its interest rate.
Japan’s Ministry of Finance (MOF) announced that it made a record intervention in the foreign exchange market in October by selling the dollar worth 6.35 trillion yen ($48 billion) to support the yen currency. The move followed a steep drop in the yen to a 32-year low of 151.94 to.
The foreign exchange market is a dynamic and ever-evolving market that never ceases to amaze traders and investors. In this world of constant change, the New Zealand Dollar (NZD) and the US Dollar (USD) have been going through their own share of ups and downs. In the early hours of.
The US dollar has been making headlines this week as the jobs market saw an outstanding increase of 517,000 jobs in January, far surpassing the average analyst estimate of 187,000. The robust growth in the economy is continuing to drive the USD upward, and investors are keeping a close eye.