News

After the euro fell sharply to a low of 1.0572 on Monday, we emphasized yesterday that “there is room for the euro to fall further to 1.0555 before it is…

USD/MXN strengthened on Tuesday’s upbeat U.S. economic data. The Federal Reserve is expected to raise interest rates before the end of the year; the dollar strengthens. Traders will focus on…

In Asia on Wednesday, the USD/INR did not extend its gains over the past two days and remained within a narrow range. USD/INR is currently trading just below the monthly…

During the Asian session on Wednesday, the NZD/USD exchange rate traded in negative territory for two consecutive days. A stronger U.S. dollar and risk aversion supported the pair’s gains. The…

In Asia on Wednesday, GBP/USD continued its downward trend since September 20, trading below 1.2150. Better U.S. economic data weighed on GBP/USD. The Conference Board’s consumer confidence index released on…

AUD/USD fell for the third day in a row despite poor Australian inflation data. However, AUD/USD failed to gain ground on rising Australian consumer prices as the market maintained a…

EUR/USD maintained bearish consolidation on Wednesday in Asia, trading within a narrow range around 1.0555, its lowest level since March 16. The U.S. dollar (USD) remains firmly supported near a…

In early trading in Asia on Wednesday, USD/CAD fluctuated slightly above the 1.3500 mark. The US Federal Reserve’s hawkish stance and the market’s continued risk aversion overall boosted the US…

During Wednesday’s Asian session, the AUD/NZD cross attracted fresh buying around the 1.0745-1.0740 area and maintained a slight gain following the release of the latest Australian consumer inflation data. However,…

USD/JPY struggled to gain significant momentum on Wednesday, trading within a narrow range throughout the Asian session. USD/JPY is currently hovering around the 149.00 mark, just below the highest level…