EUR/USD falls to 0.9800 as US dollar strengthens before PMIs.
As bulls for the US dollar recover confidence, the EUR/USD pair is looking south around 0.9800. Treasury yields continue to hold on to recent gains despite a hawkish forecast from the Fed, which Powell eyed. The collapse of an ascending…
Read more
What Will Blockchain Technology Mean To Forex?
For many years now, there has been talk of major forex trading platforms adopting blockchain technology. Last December, we saw some of the most significant examples of this talk turning into action, when HSBC and Wells Fargo adopted blockchain in…
Read more
4 Global Market Updates- 23 September, 2022
In this article, we have covered the highlights of global market news about the USD/JPY, AUD/USD, NZD/USD and USD/CAD. USD/JPY eyes 141.00 as BOJ intervention chances rise and US PMI is released. In the Tokyo session, the USD/JPY pair is exhibiting back-and-forth movements in a…
Read more
Forex and the CPI: How CPI Data Impacts Currency Prices
We'll look at what traders need to know about the Consumer Price Index to make wise selections as we examine CPI and FX trading in this post. We'll discuss the basic idea behind CPI, the dates on which it is…
Read more
Fed’s Hawkish Tone Pressures Gold Prices.
Talking points: GOLD, US Federal Reserve, Inflation, and Ukraine. As markets analyzed the Federal Reserve Commentary, gold prices started to decline. The rate increase was anticipated, but maybe less so the blatantly hawkish tone. There are subtle hints that the…
Read more