Forex

FOMC Lowers US Interest Rate by 25bps As Expected

The Federal Open Market Committee (FOMC) lowered the Federal Funds Rate from 2% to 1.75% in an interest rate decision…

Oct 30, 2019, 18:40 GMT

USDJPY Gains as FOMC Might Pause Rate Cuts, Fed

The USDJPY is little changed, and just up by 9.2 pips five minutes after the Federal Reserve announced rate cuts…

Oct 30, 2019, 18:35 GMT

USDCAD Soars on Dovish Bank of Canada (BoC) Rate Statement

The USDCAD soared more than 80 pips this afternoon after the Bank of Canada (BoC) issued a dovish rate statement…

Oct 30, 2019, 15:36 GMT

USDCAD Jumps to Daily High after BOC Keeps Rates Unchanged

USDCAD trades 0.49% higher at 1.3149, hitting the daily high after the Bank of Canada held interest rates unchanged at…

Oct 30, 2019, 14:38 GMT

USDZAR Soars 2.5% On Grim South African MTBPS

The USDZAR soared 2.5% this Wednesday afternoon after South African Finance Minister Tito Mboweni painted a grim outlook for the…

Oct 30, 2019, 14:35 GMT

AUDUSD Tests the Support at 0.6848 (100-day MA)

AUDUSD trades 0.14% lower at 0.68 snapping three consecutive trading sessions with gains; Yesterday, the pair pierced above the 100-day…

Oct 30, 2019, 14:12 GMT

USDJPY in Muted Response as US Advance GDP Is Slight Better Than Expected

The USDJPY showed a muted upside response as the US Advance GDP figure came in at 1.9%, which was slightly…

Oct 30, 2019, 12:58 GMT

USDJPY Unmoved as ADP Employment Change Comes In As Expected

The USDJPY is unmoved as the ADP Employment Change came in at 125K, which was what the market was expecting.…

Oct 30, 2019, 12:39 GMT

GBPUSD May Face Consolidation Heading Towards UK Elections

The GBPUSD did not react to news of the approval of Dec 12 as UK elections date by the House…

Oct 30, 2019, 11:59 GMT

EURUSD at Daily High, Stalls at 100-Day MA

EURUSD started the day higher adding 0.05% at 1.1117 as traders await the Fed decision later today with most analysts…

Oct 30, 2019, 09:17 GMT