Forex

AUD/USD remains under pressure despite RBA’s hawkish tone

AUD/USD is trading along 0.7750 after better-than-expected Australian GDP data. According to the Australian Bureau of Statistics, GDP grew by…

Jun 02, 2021, 07:15 BST

EUR/USD Set for Another Month Of Gains As Speculators Increase Gross Longs

The Euro has made a solid start to the week, as bulls capitalize on the US dollar's continued bearishness to…

May 31, 2021, 17:26 BST

EUR/USD Supported at 1.2150, But Bearish Pressure Persists

The EUR/USD pair dropped last Friday on the PCE release but found strong support at the 1.2150 area. This is…

May 31, 2021, 09:23 BST

USD/TRY Forecast Ahead of Turkish GDP Numbers

USD/TRY has eased ahead of the Turkish GDP data on Monday. Analysts expect the country’s economy to have expanded by…

May 31, 2021, 05:46 BST

USD/CHF Touches Off 0.9000 After US Data; Fails to Hold this Level

The USD/CHF surged initially after the US Core PCE Price Index had its highest annualized increase in 27 years, notching…

May 28, 2021, 17:57 BST

EUR/USD Outlook After US PCE Inflation Data

EUR/USD has plunged after the US PCE price index data. The Federal Reserve usually monitors various metrics. However, it uses…

May 28, 2021, 16:10 BST

EUR/USD Loses Ground As Core PCE Price Index Rises

The EUR/USD tumbled to fresh weekly lows around 1.2130-1.2135 after the US Core PCE Price Index rose by 3.1% annually…

May 28, 2021, 15:56 BST

USD Index (DXY) Soars After Rise in Key Fed Reserve Inflation Metric

The USD Index has pushed to new weekly highs around 90.40 after the Core PCE Price Index (monthly) rose from…

May 28, 2021, 14:12 BST

EUR/JPY Meets Dynamic Resistance While Testing 134

If there is one currency pair that traded with a bid tone this year, it is the EUR/JPY cross. The…

May 28, 2021, 08:52 BST

GBP/USD Finds Strong Resistance Against the 1.42 Area

The GBP/USD exchange rate had a hard time moving above the 1.42 level. Despite the ongoing weakness in the greenback,…

May 28, 2021, 08:37 BST