Indian Rupee Falls to Record Low Amid Foreign Outflows and Dollar Strength
Facebook LinkedIn Indian Rupee Hits Record Low Amid Foreign Equity Outflows and US Dollar Strength The Indian Rupee (INR) reached an all-time low on Monday as it continues to face pressure from sustained foreign equity outflows and expectations of a stronger US Dollar (USD). Investor sentiment has turned cautious following Donald Trump’s election win, with […]
Can AUD/USD Regain Momentum?
Facebook LinkedIn AUD/USD Pair Struggles Below 0.6700 Amid US Dollar Strength – Key Technical Levels to Watch The AUD/USD currency pair faces downward pressure after a strong rally that briefly lifted prices near the 0.6700 mark, a two-week high. The pair’s retreat on Friday aligns with resistance from the 100-day Simple Moving Average (SMA) and […]
GBP/JPY Awaits BoE Rate Cut and Japan’s FX Intervention
Facebook LinkedIn GBP/JPY Retreats Amid BoE Rate Cut Speculation and Japanese Verbal Intervention The GBP/JPY currency pair experienced a slight pullback in Thursday’s Asian session after reaching a one-week high of around 199.55. Currently trading near the 199.00 mark, the pair remains relatively stable as traders anticipate the Bank of England’s (BoE) upcoming policy decision. […]
EUR/JPY Stable with Focus on BoJ, Eurozone GDP, and U.S. Election
Facebook LinkedIn EUR/JPY Holds Steady Amid BoJ’s Hawkish Stance and Japan’s Slowing Services Sector The EUR/JPY pair remains near 165.50 during Wednesday’s Asian trading session, supported by the Bank of Japan’s (BoJ) latest hawkish minutes. The minutes reveal a unified stance among board members favoring continued interest rate hikes, aligning with Japan’s inflation and economic […]
Dollar Softens Amid U.S. Election and Rate Decisions
Facebook LinkedIn Dollar Weakens as U.S. Presidential Election Looms, Markets Brace for Possible Volatility On Tuesday, the U.S. dollar softened as traders adjusted their positions ahead of the U.S. presidential election. A recent shift in polls dented some market assumptions about a Republican victory for Donald Trump, leading to fluctuations across global financial markets. Meanwhile, […]
AUD/USD Rises on Strong Inflation Gauge and Expected RBA Rate Decision
Facebook LinkedIn Australian Dollar Strengthens Amid Inflation Data; RBA’s Expected Hawkish Stance Boosts AUD/USD The Australian Dollar (AUD) gained momentum following the release of the Melbourne Institute’s Inflation Gauge on Monday, signaling potential support for the Reserve Bank of Australia’s (RBA) hawkish outlook. With underlying inflation, highlighted by the trimmed mean, remaining high, the RBA […]
NZD/USD Stability in Focus Ahead of Key US and NZ Economic Indicators
Facebook LinkedIn NZD/USD Remains Steady as China’s PMI Surpasses Expectations; Key Market Data Awaited For the third consecutive session, the NZD/USD pair remains stable, trading around 0.5980 during Asian hours on Friday. The New Zealand Dollar (NZD) is finding some support from positive economic data from China, its largest trading partner. The Caixin Manufacturing Purchasing […]
Analyzing the GBP/USD Decline
Facebook LinkedIn GBP/USD Decline Continues as Solid US Dollar Gains Traction Amid Election Uncertainty The GBP/USD pair extended its decline for a second consecutive day, trading around the 1.2950 level during Thursday’s Asian session. The downside pressure on the British Pound can be attributed to a stronger US Dollar, fueled by persistent market caution amid […]
Asian Currencies Flat as Dollar Strengthens and Global Market Uncertainty Grows
Facebook LinkedIn Asian Currencies Steady Amid Dollar Stability and Key Economic Events Asian currencies experienced minimal movement on Wednesday, with the U.S. dollar steadying ahead of the much-anticipated U.S. presidential election and several important economic reports. The Japanese yen remained stable after hitting a three-month low, as attention shifted to the upcoming Bank of Japan […]
Avoiding Common Forex Trading Mistakes
Facebook LinkedIn Forex trading can offer substantial rewards, but it’s also fraught with risks, especially for inexperienced traders. To achieve consistent success in the forex market, it’s essential to avoid common mistakes that can derail your trading strategy. In this article, we’ll explore some of the most frequent pitfalls and how to steer clear of […]