News

The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar (USD) against six other major currencies, has recovered its intraday losses and was trading around 104.30 in…

NZD/USD fell for the third consecutive day on Monday after attracting fresh sellers after rising to the 0.6025-0.6030 area during the Asian session. This was also the fifth lower session…

The EUR/JPY cross faced some selling pressure around 170.25 during early European trading on Monday. The higher probability of a rate hike by the Bank of Japan (BOJ) at its…

EUR/GBP held on to modest gains around 0.8420 during the Asian session following Friday’s UK retail sales data. Data from the Office for National Statistics (ONS) showed that retailers’ merchandise…

EUR/GBP maintained modest losses following mixed UK employment data on Thursday. The cross was trading around 0.8410 during the Asian session on Thursday. The number of people applying for unemployment…

The European Central Bank (ECB) will announce its July monetary policy decision at 20:15 Beijing time on Thursday. ECB President Christine Lagarde will make a prepared statement on monetary policy…

On Tuesday, the S&P 500 hit a record high for the 38th time this year. Financial reports showed that second-quarter trading revenue of large banks jumped nearly 20%, driving a…

In early European trading on Wednesday, EUR/GBP fell to around 0.8390. Sterling (GBP) attracted some buyers following the release of the UK Consumer Price Index (CPI) for June. Traders will…

In early Asian trading on Tuesday, NZD/USD remained on the defensive around 0.6075. Weak Chinese economic data and a modest rebound in the US dollar (USD) continue to weigh on…

Federal Reserve Chairman Jerome Powell commented yesterday that the central bank may not be too long away from cutting interest rates, which pushed the U.S. dollar index down, but the…